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RBI unlikely to cut rates Tuesday as inflation high: Report

RBI unlikely to cut rates Tuesday as inflation high: Report

🕔10:24, 29.Sep 2014

New Delhi, Sep 29  With inflation still high, the Reserve Bank at its fourth bi-monthly policy review Tuesday is unlikely to cut interest rates, Care Rating has said in a report. “Given the economic parameters of improving growth of 5.7

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RBI governor counsels keeping FII debt limits

RBI governor counsels keeping FII debt limits

🕔10:05, 17.Sep 2014

Mumbai, Sep 17  Reserve Bank of India (RBI) Governor Raghuram Rajan Tuesday counselled continuing with limits on overseas investments in debt to curtail the country`s reliance on foreign debt. “We are limiting our reliance on foreign debt. It’s important we

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RBI governor calls for diesel deregulation at earliest

RBI governor calls for diesel deregulation at earliest

🕔10:03, 16.Sep 2014

Mumbai, Sep 16 The country should take advantage of international oil prices, that have fallen rapidly below the $100 per barrel-mark, to deregulate diesel prices, Reserve Bank of India (RBI) Governor Raghuram Rajan said Monday. “Lower crude oil prices are

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August inflation eases to 7.8 percent, July IIP marginally up

August inflation eases to 7.8 percent, July IIP marginally up

🕔11:00, 13.Sep 2014

New Delhi, Sep 13 While inflation abated mildly in August, data released Friday showed industrial output was flat in July pointing to the need for a rate cut by the Reserve Bank of India to spur industrial activity. Industrial activity,

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RBI right in declaring guarantor as wilful defaultor: Expert

RBI right in declaring guarantor as wilful defaultor: Expert

🕔11:05, 11.Sep 2014

Chennai, Sep 11  Lenders can declare a loan guarantor as wilful defaulter when the primary borrower is declared so, said an advocate in the apex court. Referring to the circular issued by the Reserve Bank of India (RBI), D. Varadarajan,

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RBI likely to hold rates in policy review this month: Report

RBI likely to hold rates in policy review this month: Report

🕔12:20, 6.Sep 2014

New Delhi, Sep 6  The Reserve Bank of India (RBI) is expected to hold its key interest rate in its policy review due on Sep 30 and is expected to lower rates from February, a Bank of America (BofA)-Merrill Lynch

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India’s foreign reserves up $60.5 mn

India’s foreign reserves up $60.5 mn

🕔12:18, 6.Sep 2014

Mumbai, Sep 6  India’s foreign exchange reserves grew by $60.5 million to $318.64 billion due to an increase in the currency assets for the week ended Aug 29, Reserve Bank of India (RBI) data showed Friday. The reserves had declined

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Private non-financial firms’ sales contracted in 2013-14: RBI

Private non-financial firms’ sales contracted in 2013-14: RBI

🕔14:41, 2.Sep 2014

Chennai, Sep 2  The total sales of non-financial private corporate sector in 2013-14 declined due to lower sales growth in the manufacturing sector while the services sector logged sales growth, according to a study by the Reserve Bank of India

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RBI revises Basel III norms, cuts capital maturity to 5 years

RBI revises Basel III norms, cuts capital maturity to 5 years

🕔14:04, 2.Sep 2014

New Delhi, Sep 2  The Reserve Bank of India (RBI) has issued the revised and final guidelines for raising non-equity regulatory capital instruments by banks required by the Basel-III norms, under which lenders can issue tier-2 capital with a minimum

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RBI relaxes foreign transaction norms for buying government bonds

RBI relaxes foreign transaction norms for buying government bonds

🕔07:44, 29.Aug 2014

Mumbai, Aug 29  The Reserve Bank of India (RBI)  said foreign investors can now buy government bonds in secondary markets from mutual funds, banks or other dealers. The RBI, in a notification on “Purchase and sale of securities other than

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RBI launches survey of IT, ITES, BPO sectors

RBI launches survey of IT, ITES, BPO sectors

🕔11:54, 28.Aug 2014

Chennai, Aug 28 The Reserve Bank of India (RBI) Wednesday launched the Survey on Computer Software and Information Technology Enabled Services (ITES) exports for the period 2013-14. The central bank said it has been conducting the annual survey since 2002-03.

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Housing sector needs innovative loan: RBI

Housing sector needs innovative loan: RBI

🕔15:31, 22.Aug 2014

Mumbai, Aug 22  Providers of housing loans should introduce innovative products like savings-linked loans while the credit risk in case of low ticket accounts should be internalised through insurance covers, a senior RBI official said Friday. Stressing the need for

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RBI’s FY15 agenda: Strengthen, reform, develop financial sector

RBI’s FY15 agenda: Strengthen, reform, develop financial sector

🕔15:26, 22.Aug 2014

Chennai, Aug 22  India’s central bank Thursday said its agenda for 2014-15 is to contain consumer price index (CPI) inflation, strengthen banking structure, reform financial markets to deepen and widen them and improving the financial systems’ ability to cope with

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RBI transfers Rs.52,679 crore profit to government

RBI transfers Rs.52,679 crore profit to government

🕔17:21, 11.Aug 2014

Mumbai, Aug 11 Towards aiding the government meet its fiscal deficit target, the Reserve Bank of India (RBI) Monday transferred it a surplus profit of Rs.52,679 crore, the central bank said. The amount is around 60 percent more than the

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Home, auto EMIs to remain intact, as RBI retains interest rates

Home, auto EMIs to remain intact, as RBI retains interest rates

🕔17:05, 5.Aug 2014

Mumbai, Aug 5 Equated monthly installments (EMIs) paid on home, automobile and other loans would remain unchanged, as the Reserve Bank of India (RBI) left key interest rates unchanged in its third bi-monthly monetary policy review Tuesday. The status quo

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India Inc. welcomes RBI move

India Inc. welcomes RBI move

🕔17:03, 5.Aug 2014

New Delhi, Aug 5  India Inc. Tuesday welcomed the Reserve Bank of India’s (RBI) move to put more funds into the system by cutting statutory liquidity ratio (SLR). However, it said that an interest rate cut should also be considered

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RBI retains key lending rates

RBI retains key lending rates

🕔11:46, 5.Aug 2014

Mumbai, Aug 5  The Reserve Bank of India (RBI) in its third bi-monthly monetary policy review Tuesday for fiscal 2014-15 decided to keep key lending rates to commercial banks unchanged. The RBI has kept its repo rate (at which it

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RBI policy review Tuesday likely to hold rates

RBI policy review Tuesday likely to hold rates

🕔10:05, 4.Aug 2014

New Delhi, Aug 4  The Reserve Bank of India (RBI) is likely to keep rates unchanged when it reviews its monetary policy Tuesday as part of its bi-monthly exercise. Known for the primacy he accords to controlling inflation, RBI Governor

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RBI to remain open July 1 to facilitate public transactions

RBI to remain open July 1 to facilitate public transactions

🕔11:28, 28.Jun 2014

Mumbai, June 28  Departing from its regular practice, the Reserve Bank of India (RBI) Friday said it will remain open on July 1 this year to facilitate settlement of market transactions as well as of the general public. Normally the

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CII action plan for reviving non-banking finance sector

CII action plan for reviving non-banking finance sector

🕔10:00, 16.Jun 2014

New Delhi, June 16  The Confederation of Indian Industry (CII) has suggested a five-point agenda for consideration of the finance ministry and the Reserve Bank of India to arrest the steep rise in non-performing assets (NPA) and slowdown in loan

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