Back to homepage

Tag "reserve bank of india"

RBI’s pincer move to cut bank loan limit for corporates

RBI’s pincer move to cut bank loan limit for corporates

🕔11:32, 31.Mar 2015

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

Read Full Article
Rajan for independent public debt management agency

Rajan for independent public debt management agency

🕔10:16, 23.Mar 2015

New Delhi, March 23  Reserve Bank of India Governor Raghuram Rajan advocated keeping the proposed public debt agency independent of the government as well as the RBI to ensure fiscal discipline. “Public Debt Management Agency as a professional organisation, independent

Read Full Article
Revolutionary budget sparks Rajan to cut rates

Revolutionary budget sparks Rajan to cut rates

🕔14:23, 5.Mar 2015

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,

Read Full Article
‘SBI will cut interest rate based on evolving circumstances’

‘SBI will cut interest rate based on evolving circumstances’

🕔14:07, 4.Mar 2015

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

Read Full Article
Finance ministry lauds rate cuts, nudges rating agencies

Finance ministry lauds rate cuts, nudges rating agencies

🕔12:58, 4.Mar 2015

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

Read Full Article
India lacks specialists who can prepare budget: RBI governor

India lacks specialists who can prepare budget: RBI governor

🕔11:29, 21.Feb 2015

Panaji, Feb 21  There are far too few people in the government who can even prepare a budget, Reserve Bank of India (RBI) Governor Raghuram Rajan said Friday adding that well-trained economists were at a premium throughout the government sector.

Read Full Article
January trade deficit falls to 11-month low, exports down

January trade deficit falls to 11-month low, exports down

🕔10:58, 14.Feb 2015

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

Read Full Article
Rajan puts onus of recovery on union budget

Rajan puts onus of recovery on union budget

🕔15:20, 7.Feb 2015

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.

Read Full Article
RBI holds rates amidst rich nations’ loose monetary policies

RBI holds rates amidst rich nations’ loose monetary policies

🕔12:37, 4.Feb 2015

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,

Read Full Article
Reserve Bank keeps key interest rates unchanged

Reserve Bank keeps key interest rates unchanged

🕔11:18, 3.Feb 2015

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,”

Read Full Article
India’s foreign exchange reserves stand at $322 bn

India’s foreign exchange reserves stand at $322 bn

🕔11:51, 24.Jan 2015

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)

Read Full Article
Overseas Indian banks increased credit portfolio in 2013-14: RBI

Overseas Indian banks increased credit portfolio in 2013-14: RBI

🕔11:47, 17.Jan 2015

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

Read Full Article
EMIs to come down, as RBI announces unscheduled rate cut

EMIs to come down, as RBI announces unscheduled rate cut

🕔12:35, 16.Jan 2015

New Delhi, Jan 16  Monthly instalments on auto, home and consumer durable loans may finally come down, as the apex bank in a surprise move cut key lending rates. The unscheduled rate cut served early Thursday morning led Indian Inc.

Read Full Article
December trade deficit falls to $9.43 bn on global crude dip

December trade deficit falls to $9.43 bn on global crude dip

🕔12:32, 16.Jan 2015

New Delhi, Jan 16  India’s trade deficit in December 2014 fell by over 7 percent at $9.43 billion, from $10.18 billion in the corresponding month of 2013, government data showed Monday. The fall on a month-on-month basis was over 44

Read Full Article
India Inc welcomes RBI move to cut repo rate

India Inc welcomes RBI move to cut repo rate

🕔15:20, 15.Jan 2015

Mumbai, Jan 15 India Inc welcomed the reduction in key interest rates by the apex bank Thursday as a pleasant surprise that will uplift investor sentiment in the current sluggish economy. The much awaited reduction in key interest rates by

Read Full Article
RBI revises leverage ratio, disclosure norms for banks

RBI revises leverage ratio, disclosure norms for banks

🕔13:21, 9.Jan 2015

Chennai, Jan 9  The Reserve Bank of India (RBI) revised the guidelines for leverage ratio framework under the Basel III and the relevant disclosure norms. The central bank said banks operating in India are required to make disclosure of the

Read Full Article
RBI warns public against multi-level marketing schemes

RBI warns public against multi-level marketing schemes

🕔10:19, 2.Jan 2015

Chennai, Jan 2  Cautioning the public against multi-level marketing (MLM) activities, the Reserve Bank of India (RBI) said income under such schemes mainly comes from enrolling new members at high subscription. The central bank also urged people not to fall

Read Full Article
RBI to focus on medium-term inflation: Rajan

RBI to focus on medium-term inflation: Rajan

🕔09:52, 29.Dec 2014

Udaipur (Rajasthan), Dec 29  The Reserve Bank of India (RBI) would focus on medium-term inflation to let the economy adjust to the changes, its Governor Raghuram Rajan said. He also observed that debt waiver schemes of central and state governments

Read Full Article
Why charge customers for using ATM: HC asks RBI

Why charge customers for using ATM: HC asks RBI

🕔12:18, 25.Dec 2014

New Delhi, Dec 25  The Delhi High Court issued notice to the Reserve Bank of India (RBI) on a plea against RBI’s decision to impose a limit of five transactions per month from the customers’ own bank ATM and charging

Read Full Article
RBI extends deadline to deposit pre-2005 currency notes

RBI extends deadline to deposit pre-2005 currency notes

🕔12:08, 24.Dec 2014

Mumbai, Dec 24  The date for withdrawing pre-2005 currency notes from circulation has been extended to June 30, the Reserve Bank of India announced. In March, the RBI had urged the public to deposit all currency notes of the old

Read Full Article