New Delhi, May 21 With the Reserve Bank of India’s monetary policy review due on June 2, Finance Minister Arun Jaitley has said that inflation will not be a significant challenge though a below-average monsoon could possibly impact food prices.
Chennai, April 23 The Reserve Bank of India (RBI) on Thursday directed banks to include ‘third gender’ in all forms and applications enabling transgenders to avail banking services. Citing the Supreme Court judgment in the National Legal Services Authority vs
New Delhi, April 22 RBI said the issuance of payment bank licence would be a game changer in the realm of remittances and bill payments with potential collaborations between telecom companies and banks. Speaking at the ninth edition of the
New Delhi, April 20 The finance ministry has called a meeting of public sector bank chiefs on April 28 for planning implementation of large projects, a release said here on Sunday. The meeting has been called in view of the
Pune, April 11 The Indian banking sector is all set to see a sea change in next two years with several new institutions and existing government banks undergoing a great change, RBI governor Raghuram Rajan said on Friday. “In next
Mumbai, April 6 The Reserve Bank of India (RBI) is to announce its first bi-monthly monetary policy review of the current fiscal on Tuesday, when it is widely expected to leave the repo rate, at which it lends to commercial
Mumbai, April 2 The Reserve Bank of India (RBI) is widely expected to leave the repo rate, at which it lends to commercial banks, unchanged at 7.50 percent at its first bi-monthly monetary policy review of the new fiscal on
Chennai, April 2 The Reserve Bank of India (RBI) on Wednesday announced its sanction to the scheme of amalgamation of ING Vysya Bank Ltd with the Kotak Mahindra Bank Ltd. In a statement, the RBI said the scheme has been
Mumbai, March 31 India’s corporate sector may face a double whammy if the Reserve Bank of India goes ahead with its proposed norms on the exposure of bank credit to the corporate sector. As per a white paper circulated to
Mumbai, March 5 The second unscheduled cut on Wednesday – within two months – in the repo rate at which the Reserve Bank of India (RBI) lends to commercial banks was not as unexpected as the first in January. Indeed,
Mumbai, March 4 India’s largest mortgage lender State Bank of India (SBI) would decide on reducing its interest rates on the basis of emerging circumstances, a top official said Wednesday. Welcoming the Reserve Bank of India (RBI) decision to cut
New Delhi, March 4 The finance ministry welcomed the interest rate cuts announced by the Reserve Bank of India (RBI) Wednesday and said it was a vote of confidence on the steps taken by the government on fiscal consolidation and
Mumbai, Feb 21 With economic data before the union budget on Feb 28 showing inflation at a five-year low, Reserve Bank of India Governor Raghuram Rajan can perhaps indulge in a belated celebration of his birthday that fell Feb 3
New Delhi, Feb 14 India’s trade deficit in January fell to a eleven-month low by over 11 percent at $8.32 billion, from $9.43 billion in the corresponding month of 2014, government data showed Friday. The fall on a month-on-month basis
Mumbai, Feb 7 Observing his birthday frugally Tuesday by keeping key interest rates unchanged, Reserve Bank Governor Raghuram Rajan has put the onus on the government’s first full-fledged budget on Feb 28 to grow the “green shoots” of economic recovery.
Chennai, Feb 4 The Reserve Bank of India (RBI) Wednesday announced two four-member teams as the external advisory committees (EAC) for small finance banks and payments banks. In a statement, the RBI said the EAC for the small finance banks
Mumbai/New Delhi, Feb 4 As unexpectedly on his birthday, as he was with the unscheduled rate cut in January, Reserve Bank of India (RBI) Governor Raghuram Rajan Tuesday kept key interest rates unchanged in RBI’s sixth bi-monthly policy review. Fittingly,
New Delhi, Feb 3 The Reserve Bank of India (RBI) Tuesday decided to keep key interest rates unchanged in its sixth bi-monthly policy review. “We have maintained the status quo (on interest rates). We have taken action on other fronts,”
Chennai, Jan 24 India’s foreign exchange reserves went up by $2.66 billion to $322.14 billion as on Jan 16 due to increase in foreign currency assets as compared to the position a week ago, the Reserve Bank of India (RBI)
Chennai, Jan 17 Indian bank branches operating overseas increased its credit portfolio by 31.2 percent in 2013-14 whereas the credit by foreign banks in India declined 3.1 percent during the same period, the Reserve Bank of India (RBI) said. In
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