Narayanan spearheaded the digital transformation and market-entry strategies for a host of marquee digital businesses such as Sociomantic Labs and AdMob among others in the past.

The year 2018 began with the Nirav Modi scam hitting Punjab National Bank (PNB). The Reserve Bank of India (RBI) swung into action to lay down a new dispensation for the accounting of stressed assets by banks. This led to the banking sector reporting its worst ever quarterly performance with accumulated losses of Rs 55,085 crore in January-March 2018 quarter.

Shaktikanta Das will meet top officials from private sector lenders and cooperative banks next week.

In a bid to boost liquidity, the government on Thursday said it will enhance the capital infusion in public sector...