Tag: Rbi

Mumbai: The Reserve Bank of India (RBI) yesterday 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 conversion. “Post the conversion, all lenders under the JLF (joint lenders’ forum) must collectively hold 51 percent or […]

Mumbai: Giving in to overwhelming demands for an easing of the monetary policy, the Reserve Bank of India (RBI) yesterday lowered its short-term lending rate by 25 basis points in a move that could potentially reduce the cost of borrowings on personal and corporate loans. In his bi-monthly monetary policy review for the current fiscal […]

New Delhi:On the eve of the Reserve Bank of India’s (RBI) bi-monthly monetary policy review, India Inc, stock analysts and even the government have urged the apex bank to cut key lending rates and ease the monetary policy. The Federation of Indian Chambers of Commerce and Industry’s (Ficci’s) president Jyotsna Suri has said: “Revival of […]

New Delhi: With the Reserve Bank of India’s second bi-monthly monetary policy review of this fiscal coming up, the government on yesterday strongly urged central bank Governor Raghuram Rajan to cut interest rates. “I only ask for an affordable rate of interest for industry because credit internationally is now very cheap,” Commerce Minister Nirmala Sitharaman […]

The Reserve Bank of India (RBI) yesterday announced its sanction to the scheme of amalgamation of ING Vysya Bank Ltd with the Kotak Mahindra Bank Ltd

Housing, auto and commercial loans could become cheaper with the Reserve Bank of India cutting key lending rates by 25 basis points in an unexpected move on Wednesday as it expected inflation to soften further, sending stock indices soaring during the bulk of the day

The Supreme Court on Tuesday told the Reserve Bank of India (RBI) to go ahead with its action against Sahara India Finance Corporation Ltd (SIFCL) for divesting its securities in violation of the central bank's 2008 order and the NBFC guidelines and rules

Unclaimed bank deposits, which are estimated at Rs 3,500 crore, will be utilised for education and awareness of depositors, the Reserve Bank said on Friday

Reserve Bank Governor Raghuram Rajan on Friday said the central bank is yet to move to inflation targeting and is still in discussions with the government on the same

You can walk into any bank to get your pre-2005 currency notes, including Rs 500 and Rs 1,000 denominations, exchanged till January 1, 2015, following a Reserve Bank directive asking banks to help the public get rid of old currency notes

Under flak from various quarters for raising rates, RBI Governor Raghuram Rajan on Thursday said the central bank is committed to the "strongest growth possible" and is on the same page as the Finance Ministry on this front

Finance Minister P Chidambaram on Monday said both the government and the RBI have acted in tandem to bring down price rise, even as food inflation at 8.8 per cent still remains a worry

A day after hiking the key rate by 0.25 per cent, Reserve Bank Governor Raghuram Rajan on Thursday said inflation is both a monetary and political issue and wanted the political establishment to understand the importance of curbing rising prices

Rising for the second day, the rupee appreciated by 10 paise to end at 62.41 against the dollar on Wednesday on sustained selling of the American currency by exporters ahead of a decision of US Federal Reserve on tapering its monetary stimulus

Mumbai: The benchmark Bombay Stock Exchange Sensex Tuesday tumbled over 138 points in late morning trade on funds selling in blue-chip stocks led by the banking sector after the Reserve Bank of India hiked repo rate by 0.25 bps in its monetary policy review. After a positive opening, the Sensex fell by 138.90 points, or […]