Tag: Rbi

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 […]

After a marginal pick up last week, India's foreign exchange reserves fell sharply by USD 1.208 billion to USD 292.08 billion for the week to Janaury 17 on the back of drop in core currency assets, RBI said on Friday

People seeking loan against gold jewellery can now borrow more, as the Reserve Bank on Wednesday allowed NBFCs to lend up to 75 per cent of the value of metal from 60 per cent at present

India's foreign exchange reserves increased by $5.84 billion to $327.88 billion for the week ended Jan 30, Reserve Bank of India (RBI) data showed

New Delhi: The Reserve Bank of India (RBI) Tuesday decided to keep key interest rates unchanged in its sixth bi-monthly policy review. The apex bank kept the repo rate, or the interest that banks pay when they borrow money from the RBI to meet their short-term fund requirements, unchanged at 7.75 percent. The reverse repo […]