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  Sensex crashes 660 points; interest sensitive stocks hit

  June 02, 2015 23:37 IST

  Mumbai:  A less-than-expected easing of the monetary policy by the Reserve Bank Of India and the hawkish outlook given by it, subdued investor sentiments and led a barometer index of the Indian equities markets to

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  Know how repo rate cut may reduce your EMI

  June 02, 2015 18:48 IST

  New Delhi: The Reserve Bank of India today slashed its short-term lending rate by 25 basis points in its bi-monthly monetary policy review. After the cut, the repo rate will decline to 7.25 per cent

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  RBI sanguine on meeting 6% inflation target by Jan next year

  April 07, 2015 13:23 IST

  Mumbai:The Reserve Bank today sounded optimistic about meeting the 6 per cent retail inflation target for January next year but sounded cautious about the new GDP forecast, projecting 7.8 per cent growth for the current

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  Kotak Mahindra-ING Vysya merger gets RBI approval

  India | April 01, 2015 17:16 IST

  New Delhi: The merger deal between Kotak Mahindra Bank and ING Vysya Bank has received the Reserve Bank's approval, which would create the country's fourth largest private sector lender. "The scheme of amalgamation (of Kotak Mahindra

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  RBI revises NBFCs' prudential norms, makes ratings mandatory

  March 28, 2015 9:27 IST

  Mumbai: The Reserve Bank on Friday revised regulations for non-banking finance lenders by directing them to get themselves rated by March 2016, and those failing to achieve investment grade ratings should not accept fresh deposits

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  Rajan says CPI target band could tighten in 5-10 years

  March 06, 2015 18:57 IST

  Mumbai: 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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  FDI led by equities jumps 22.6 pc in FY14 to Rs 15 cr: RBI

  January 17, 2015 10:22 IST

  Mumbai: Foreign direct investment into the country jumped 22.65 per cent to Rs 15,08,960 crore as of end March 2014, up from Rs 12,30,250 crore as of 2012-13, with equities dominating the pie with share

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  Don't want flip-flop in policy stance: Rajan

  December 02, 2014 14:21 IST

  Mumbai: RBI Governor Raghuram Rajan defended status quo in the monetary policy today, saying that he does not want to “flip-flop” on it and is looking for “certainty” on various factors, mainly inflation, before lowering

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  Chidambaram says some functions of RBI need to be revisited

  December 14, 2013 21:12 IST

  Mumbai: Finance Minister P Chidambaram today pitched for limiting the Reserve Bank's mandate to monetary policy formulation and banking regulation, and for delegating its other functions to government or other regulators. "It (RBI) is the

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  RBI pegs CAD at USD 56 bn, says no reason for rupee decline

  November 13, 2013 22:35 IST

  Mumbai: Seeking to reassure investors, RBI Governor Raghuram Rajan Wednesday said there is no fundamental reason for rupee to fall again, and pegged the current account deficit for 2013-14 at USD 56 billion, much lower

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  RBI to hold rates on high inflation, supply side issues: D&B

  October 16, 2013 23:44 IST

  Mumbai:  With inflation expected to remain at an elevated level on account of pass through of rupee depreciation and supply side bottlenecks, the Reserve Bank is likely to maintain status quo in its upcoming monetary

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  Don't use currency notes for making garlands: RBI

  September 11, 2013 18:09 IST

  Mumbai:  Making garlands of currency notes, a practice followed in Indian marriages and political rallies, has been sought to be discouraged by the Reserve Bank. “The Reserve Bank of India has appealed to members of

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  Raghuram Rajan takes over as 23rd Governor of Reserve Bank

  India | September 04, 2013 15:39 IST

  Mumbai: Raghuram Rajan today took over as the new Governor of the Reserve Bank of India (RBI). Rajan, 50, an economics professor who also served as chief economist at the International Monetary Fund, took charge

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  Rupee slumps to record low of 57.92

  June 25, 2012 20:25 IST

  Mumbai, Jun 25: The rupee slumped to fresh record low of 57.92 after RBI measures to stem the currency slide failed to enthuse investors but it managed to recover some ground and closed 14 paise

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  Beware of fictitious offers promising money, says RBI

  June 21, 2012 19:05 IST

  Dehradun, Jun 21: The Reserve Bank today made an appeal to the people to beware of any fictitious offers promising money to them.In the appeal circulated through the Uttarakhand government's directorate of information and public

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  Can't arrest Re fall if driven by weak fundamentals, says RBI

  June 01, 2012 15:09 IST

  Mumbai, June 1 : The Reserve Bank cannot arrest the rupee's decline if it is caused by weak fundamentals or global factors but can only take more calibrated steps in the forex market in such

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  Liquidity tight, need to cut CRR to bring down rates, says SBI chief

  May 29, 2012 21:52 IST

  Chennai, May 29: Admitting that liquidity conditions were tight, State Bank of India Chairman Pratip Chaudhuri today made a case for reduction of the Cash Reserve Ratio (CRR) by the Reserve Bank to bring down

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  RBI imposes restrictions on forex dealers

  May 21, 2012 22:51 IST

  Mumbai, May 21 : As rupee breached the 55 level to its all-time low, the Reserve Bank today imposed restrictions of USD 100 million on “position limit” for forward contracts by banks.“The position limit for

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  Rupee falling due to global factors, no need to panic, says Pranab Mukherjee

  May 16, 2012 15:34 IST

  New Delhi, May 16: As the rupee hit its record low level of Rs 54.46 against dollar, the Finance Ministry today said there was no need to panic and the slide would be contained when

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  SBI To Cut Lending Rates Soon

  April 17, 2012 20:41 IST

  Mumbai, Apr 17: The country's largest lender State Bank of India (SBI) today said it will “do a comprehensive cut” in lending rates on various loans following the Reserve Bank's 0.5 per cent reduction in