Raghuram Rajan
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Expect PSU banks to cut interest rates: Arun Jaitley
Mar 22, 2015, 02:48 PM ISTNew Delhi: With most PSU banks remaining reluctant to pass on the benefit of monetary policy easing by RBI, Finance Minister Arun Jaitley today said he expects the lenders to cut interest rates soon."We do
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No disconnect between RBI and government: Arun Jaitley
Mar 22, 2015, 01:50 PM ISTNew Delhi: Scotching murmurs of differences between the government and the RBI over regulation of money market, Finance Minister Arun Jaitley today said there is no 'disconnect' between the two and hoped banks would follow
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Ignoring Raghuram Rajan's 2005 Prediction Was a Big Mistake: IMF Chief
Mar 17, 2015, 11:29 PM ISTMumbai: Showering fulsome praise on Reserve Bank of India Governor Raghuram Rajan, International Monetary Fund chief Christine Lagarde on Tuesday said not listening to his prediction of 2008 credit crisis was a big mistake of
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With new law to curtail Governor's power, rift within RBI ranks likely to become more public
Mar 14, 2015, 04:40 PM ISTMumbai: RBI Governor Raghuram Rajan's decision to cut rates last week took many top officials by surprise. The contrast between conservative top ranks and Rajan's position could become more conspicuous as the bank is preparing
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IMF raises India growth forecast to 7.2% for current fiscal
Mar 11, 2015, 10:42 PM ISTWashington: Terming Indian economy a "bright spot" on the global economic landscape, IMF on Wednesday raised its growth forecast for the current fiscal to 7.2%, even as it called for steps to revitalise the investment
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Nomura says policy rates touch neutral, sees no cuts till 2017
Mar 07, 2015, 06:23 AM ISTMumbai: With the second surprise 25 bps repo rate cut by the Reserve Bank of India (RBI) on March 4, the policy rates have reached neutral and the average policy rate over the next three
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Rajan says CPI target band could tighten in 5-10 years
Mar 06, 2015, 06:57 PM ISTMumbai: Reserve Bank Governor Raghuram Rajan has said the target band for retail inflation could tighten much further in the future as the central bank becomes more comfortable with it.“Going forward, we will seek to
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Revolutionary Budget sparks Raghuram Rajan to cut rates
Mar 06, 2015, 07:32 AM ISTMumbai: 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
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RBI eases norms for home loans for up to Rs 10 lakh
Mar 05, 2015, 11:53 PM ISTNew Delhi: Giving a boost to affordable housing, the RBI on Thursday eased the norms for home loans for up to Rs 10 lakh by allowing banks to include stamp duty and registration charges to
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Rajan says sorry for "misleading" comments he never made!
Mar 04, 2015, 10:08 PM ISTMumbai: In a gesture rarely found among newsmakers, RBI Governor Raghuram Rajan today said “sorry” for a “misleading” comment that he never made with regard to the central bank's stance on interest rates.Addressing students of
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How RBI's rate cut move will impact you
Mar 04, 2015, 07:20 PM ISTNew Delhi: In a surprise move on March 4, the Reserve Bank of India cut the repo rate by 25 basis points to bring it down to 7.5 per cent. Consequently, the reverse repo rate
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RBI cuts repo rate by 25 bps
Mar 04, 2015, 11:07 AM ISTNew Delhi: Within days of presentation of the Budget, the Reserve Bank today surprised markets by reducing the benchmark interest rate by 0.25 per cent to 7.5 per cent on the back of softening inflation
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RBI looking into improving quality of education loans, Rajan
Feb 27, 2015, 10:08 PM ISTBengaluru: Reserve Bank Governor Raghuram Rajan today said the central bank was looking into improving the quality of education loans despite high levels of defaults.Rajan, who delivered the Sri Vithal N Chandavarkar Memorial Lecture at
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RBI to issue Rs 10 denomination bank notes
Feb 23, 2015, 08:38 PM ISTChandigarh: Reserve Bank of India today said it will shortly issue Rs 10 denomination banknotes in the Mahatma Gandhi Series-2005.“It will incorporate rupee symbol on the obverse and the reverse, with inset letter ‘N' in
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Strong governments may not necessarily move in the right direction, cautions Raghuram Rajan
Feb 21, 2015, 01:10 PM ISTMumbai: Reserve Bank of India (RBI) governor Raghuram Rajan, speaking at the Ideas Festival, Goa, said that strong government may not necessarily mean an effective government. He cautioned the people against strong governments without any democratic
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Student debt should not follow farmer debt path: RBI governor
Feb 20, 2015, 10:43 PM ISTPanaji: Student debt should not go the way of the farmer debt crisis in India and the student loan facility needs holistic changes, Reserve Bank of India (RBI) Governor Raghuram Rajan said on Friday.Speaking during
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Another 50 bps of rate cut in first half of 2015 likely: Experts
Feb 17, 2015, 04:47 PM ISTNew Delhi: The ongoing slowdown in inflation momentum has given room for the Reserve Bank to adopt a more accommodative monetary policy and cut policy rates by 50 basis points in the first half of
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India's Forex reserves touch lifetime high of $327.88 billion
Feb 07, 2015, 01:41 PM ISTNew Delhi: India's foreign exchange reserves surged by USD 5.84 billion to touch a fresh life-time high of USD 327.88 billion in the week ended January 30, the Reserve Bank said on Friday.The previous record
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India should not settle for anything less than a double digit growth: Raghuram Rajan
Feb 05, 2015, 09:08 AM ISTMumbai: Putting hope in the country's economic growth, Reserve Bank of India Governor Raghuram Rajan said that “India should not settle for anything less than a double digit growth in the medium term after progressing
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Raghuram Rajan says bad loans are not causing risk for banking sector
Feb 04, 2015, 09:32 PM ISTMumbai: Reserve Bank of India Governor Raghuram Rajan has said that bad loans in the India's banking sector have not put the banks at risk of a crisis. He said most of the problems are