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
Kolkata, Sep 2 State-run United Bank of India (UBI) Monday declared the defunct Kingfisher Airlines, its promoter Vijaya Mallya and its three directors as wilful defaulters after they did not turn up for a meeting with its grievances redressal panel,
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
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.
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
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
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
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
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
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
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
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
Chennai, June 4 The Reserve Bank of India (RBI) will be better placed with economic data and the thinking of the new government by the next review of its monetary policy, said M. Narendra, chairman and managing director of Indian
New Delhi, June 4 Finance Minister Arun Jaitley welcomed the Reserve Bank of India’s monetary policy stance saying the central bank has followed a “calibrated approach” to strike a balance between growth and inflation. The RBI after its bimonthly monetary
Mumbai, June 3 India’s central bank Tuesday kept key policy rates unchanged but marginally reduced the money commercial banks have to mandatorily hold in liquid assets, indicating it will await signals from the national budget next month before acting. While
New Delhi, June 2 The Reserve Bank of India (RBI) is likely to keep rates unchanged when it reviews its monetary policy Tuesday, its first exercise after the installation of the new union government. Known for the primacy he accords
New Delhi, May 27 Reserve Bank of India (RBI) Governor Raghuram Rajan Tuesday said the central bank would work to strike a balance between reviving economic growth and containing inflation. Talking to reporters after meeting newly sworn-in Finance Minister Arun
New Delhi, May 21 Reserve Bank of India Governor Raghuram Rajan said the central bank would soon announce a regular process of granting bank licences, ending the current system of giving it in tranches. “The Reserve Bank of India is
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