Mumbai, Aug 5 Ignoring the clamour for an easing of monetary policy, India’s central bank on Tuesday kept its key lending rates unchanged, sticking to its stand that further cuts can only be effected if commercial lenders pass on the
Chennai, Aug 4 Global credit rating agency Moody’s Investors Service on Tuesday said the Reserve Bank of India (RBI) has decided to keep the policy rate at 7.25 percent and evaluate the impact of 75 basis points of interest rate
New Delhi, Aug 3 The Reserve Bank of India (RBI) is widely expected to hold interest rates at its monetary policy review on Tuesday. According to the Export-Import Bank of India, the rising trend in inflation seen over the last
Chennai, July 3 India’s exposure to cash-strapped Greece was very limited and the central government was in talks with the central bank on providing additional capital to public sector banks, a top Reserve Bank of India (RBI) official said on
New Delhi, June 29 The Reserve Bank of India has extended the deadline for exchanging pre-2005 currency notes of various denominations, including Rs.500 and Rs.1,000, by six months till December-end. “The Reserve Bank of India has extended the date for
New Delhi, June 27 The Reserve Bank of India said on Friday that state-run banks are adequately capitalised, but would need additional funds to comply with international capital adequacy norms in the future. “Right now the banks are adequately capitalised.
Mumbai, June 9 The Reserve Bank of India (RBI) on Monday allowed banks to recast a company’s debt under a “strategic debt restructuring” (SDR) scheme wherein the lender must hold 51 percent or more of the equity after the debt-for-share
Mumbai, June 2 The first set of new banking licences will be issued by August, taking the number of such private financial institutions operating in the country to more than 12. “I hope to announce at least one set of
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
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 7 Financial industry experts on Monday ruled out any relief from high interest rates in the upcoming monetary policy review by the apex bank scheduled for April 7. The Reserve Bank of India is scheduled to announce its
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 Prime Minister Narendra Modi on Thursday urged the Reserve Bank of India (RBI) to prepare a road-map for “financial inclusion” ahead of its centenary year in 2035. “The RBI will be completing 100 years in 2035 and
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
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
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
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
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