Mumbai, Dec 9 India’s current account deficit widened to $10.1 billion for the quarter ended Sep 31, 2014, data released by Reserve bank of India (RBI) showed. According to the central bank, the net difference between inflows and outflows of
Mumbai, Dec 4 The Reserve Bank of India (RBI) will soon issue guidelines on electronic commerce (e-commerce) transactions, a senior official said here Wednesday. Not elaborating on the concerns the RBI has on e-commerce transactions, RBI deputy governor H.R. Khan
Mumbai, Dec 3 High interest rates on automobile and house loans will continue as the Reserve Bank of India (RBI) Tuesday decided to keep key interest rates unchanged in its fifth bi-monthly policy review of the current fiscal. RBI Governor
Chennai, Nov 28 The Reserve Bank of India (RBI) allowed banks to extend loans to individuals against long term bonds issued by them so as to provide liquidity to the retail investors. The loan against the bonds could be given
New Delhi, Nov 11 The Reserve Bank of India (RBI) Monday issued the revised Regulatory Framework for Non-banking Finance Companies (NBFCs), with a view to streamlining the regulations for the sector, an official statement said. Explaining the rationale behind the
Hyderabad, Oct 17 India is developing a national payment system by emulating Kenya’s successful model, said Reserve Bank of India (RBI) Governor Raghuram Rajan. Rajan, who met Kenya’s Central Bank Governor Njuguna N’dungu here Thursday, said the African country has
Hyderabad, Oct 16 Reserve Bank of India Governor Raghuram Rajan assured the Telangana government that he will soon sort out the issue relating to banks not pushing fresh farm loans to farmers. Chief Minister K. Chandrasekhar Rao raised this issued
Mumbai, Oct 16 India’s central bank Wednesday said its governor Raghuram Rajan has been conferred Euromoney’s ‘Central Bank Governor’ of the year award in Washington on Oct 10. According to Reserve Bank of India (RBI), Euromoney, while announcing the award,
Mumbai, Oct 1 In its fourth bi-monthly monetary policy, India’s central bank Tuesday kept key interest rates unchanged in a bid to maintain financial and price stability with Governor Raghuram Rajan saying further policy will be contingent on relevant data
Mumbai, Oct 01 Given that inflation is expected to level at around 7 percent by 2016, the Reserve Bank’s monetary policy going ahead will be contingent on relevant data coming in, RBI Governor Raghuram Rajan said Tuesday after announcing the
Mumbai, Sep 30 In its fourth bi-monthly monetary policy, the Reserve Bank (RBI) Tuesday kept key interest rates unchanged in a bid to maintain financial and price stability. The Indian equities markets did not react much to the status quo,
Mumbai, Sep 30 Banks will approach the Reserve Bank (RBI) for restructuring coal assets after the Supreme Court order cancelling coal block allocations that may impact such assets’ quality, the finance ministry’s topmost official said Monday. The apex court last
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
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
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
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,
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,
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
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
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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