M K Jain
Examine if business models aligned with risk appetite: RBI's M K Jain
He also said that the supervisors need to examine IT issues holistically to determine whether banks have the capacity to develop robust IT systems that align with their business strategies
 "Examine if business models aligned with risk appetite: RBI's M K Jain")
High staff attrition a significant operational risk to banks: RBI Dy Guv
Outsourcing, lack of succession planning and staff skilling also areas of concern, Jain says
 "High staff attrition a significant operational risk to banks: RBI Dy Guv")
Self-regulation useful tool for setting rules for fintechs: RBI's M K Jain
The central bank's deputy governor says RBI has endeavoured to find a middle ground trying to balance between the innovation brought by fintechs and the unique risk they introduce
Keep eye on macroeconomic scene: RBI to banks amid deposit growth concern
Concerned over deposit growth lagging high credit offtake; seeks views on collection, IT infra, DBUs
 "Keep eye on macroeconomic scene: RBI to banks amid deposit growth concern")
Action against M&M Financial Services won't affect other NBFCs: RBI
Experts had pointed out that in light of these directions against one entity, recovery activities of NBFC sector could get impacted as a majority of NBFCs rely on outsourced agents for loan recovery
 "Action against M&M Financial Services won't affect other NBFCs: RBI")
Focus on sustainable business model, governance: RBI tells SFBs in meeting
SFBs were advised to continue to evolve in tune with the differentiated banking licence given to them with proportionate growth in their capital base.
 "Focus on sustainable business model, governance: RBI tells SFBs in meeting")
Spreading disinflation over 2-3 years to reduce output loss, says RBI
'There is no blanket ban on opening of current accounts', said M Rajeshwar Rao
 "Spreading disinflation over 2-3 years to reduce output loss, says RBI")
RBI reallocates portfolios of deputy governors after Vishwanathan retires
RBI now functions with three deputy governors - B.P. Kanungo, M.K. Jain and Michael Patra
 "RBI reallocates portfolios of deputy governors after Vishwanathan retires")
RBI may incentivise banks to lend more in credit-starved regions: M K Jain
For small and marginal farmers, institutional credit at reasonable costs can act as a catalyst and convert them into vibrant commercial farmers, Jain added
 "RBI may incentivise banks to lend more in credit-starved regions: M K Jain")
Turnaround king: IDBI Bank's M K Jain named new RBI deputy governor
He is expected to be put in charge of banking supervision, among other duties
