RBI

  • Wholesale price inflation hits a zero, lowest in over five years December 15, 2014

    New Delhi: Wholesale price inflation hit a zero level in November, the lowest in about five and half years, on account of decline in prices of food, fuel and manufactured items. The Wholesale Price Index (WPI) based inflation was at 1.77 per cent in October and 7.52 per cent in November...
  • Scamsters pose as RBI chief Raghuram Rajan, lure people to deposit Rs 15,500, get Rs 5.50 crore December 5, 2014

    New Delhi: Taking bank lottery scam to a new level, scamsters are using the name and picture of RBI chief Raghuram Rajan to lure gullible people into making a cash deposit of Rs 15,500 to get a winning amount of Rs 5.50 crore. The 'lottery' amount that they promise to credit...
  • A change in the monetary policy stance is likely early next year: Raghuram Rajan December 2, 2014

    The Indian economy is finally showing signs of being back on track. Falling crude oild prices have helped but the RBI Governor is yet to cut rates and wants more time. ...
  • Is the Indian economy on the path of good times? December 2, 2014

    The Reserve Bank of India (RBI) has set a target of 6 per cent for consumer price index by 2016, said RBI Governor Raghuram Rajan adding that inflation is near comfort zone. So now the question arises Is the Indian economy on the path of good times? ...
  • RBI sets 6 pc consumer price index target for 2016 December 2, 2014

    Mumbai: The Reserve Bank of India (RBI) has set a target of 6 per cent for consumer price index by 2016, said RBI Governor Raghuram Rajan adding that inflation is near comfort zone. Talking to Network18, the RBI Governor said inflation has been on the glide path. "We are seeing positive...
  • Live: Inflation is near comfort zone, 6 pc consumer price index target by 2016, says RBI Governor Raghuram Rajan December 2, 2014

    Reserve Bank of India Governor Raghuram Rajan in an interview with Network18 talks on various economic policies. ...
  • RBI Governor flays firms' myopic view on growth-inflation dynamics December 2, 2014

    Mumbai: Trashing India Inc's incessant criticism that RBI is not reducing interest rates, Governor Raghuram Rajan on Tuesday accused them of being myopic and asserted that the central bank is for the "strongest possible growth". "I think there is a misconception in corporate India that the...
  • Gold prices soar by Rs 840 in biggest single-day gain in 2014 December 2, 2014

    New Delhi: Posting this year's biggest single-day rise of Rs 840, gold on Tuesday regained the Rs 27,000 per ten gram level after a gap of over one month in the national capital, tracking rebounds in global markets. In addition, pick-up in domestic demand from jewellers and retailers for the...
  • Full statement: RBI keeps key rates unchanged in its bi-monthly monetary policy December 2, 2014

    Mumbai: On the basis of an assessment of the current and evolving macroeconomic situation, RBI has kept the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 8.0 per cent. Monetary and Liquidity Measures On the basis of an assessment of the current and evolving macroeconomic situation, it has been...
  • RBI keeps interest rates unchanged at 8.0 per cent, mantains focus on containing inflation December 2, 2014

    Mumbai: As expected, the Reserve Bank of India has kept the interest rates unchanged at 8.0 per cent on Tuesday, staying focused on containing inflation while adopting a more dovish tone in response to the government's call for help to revive economic growth. RBI said that on the basis of an...
  • RBI expected to hold rates, sound dovish to soothe government December 2, 2014

    Mumbai: The Reserve Bank of India is expected to keep interest rates unchanged on Tuesday, staying focused on containing inflation, while adopting a more dovish tone in response to the government's call for help to revive economic growth. Forty-one of 45 economists saw the RBI keeping the repo rate at 8.00...
  • India eases gold import rule in surprise move November 29, 2014

    Mumbai: India has scrapped a rule mandating traders to export 20 per cent of all gold imported into the country, in a surprise move that could cut smuggling and raise legal shipments into the world's second-biggest consumer of the metal after China. Along with a record duty of 10 per cent,...
  • Sensex, Nifty hit record high ahead of GDP data, RBI November 28, 2014

    Mumbai: The BSE Sensex and Nifty rose around 1 percent to record highs on Friday, ahead of economic data due later in the day and the central bank's monetary policy on Tuesday. The Nifty gained as much as 1.14 percent to hit a record high of 8,591.4, surpassing the 8,535.35 level...
  • RBI issues final norms for payment banks, small finance banks November 27, 2014

    Mumbai: Within months of issuing licenses for two new full-fledged banks, RBI ON Thursday issued final norms for setting up of payment banks and small finance banks for the first time in the country. The move, aimed at deepening financial inclusion, will allow entities like mobile operators, super market chains...
  • RBI eases rules for low-cost home loans November 27, 2014

    Mumbai: The Reserve Bank of India (RBI) has eased norms to fund low-cost housing by permitting banks to extend loans against long-term infrastructure bonds. The RBI however barred lenders from providing loans against long-term infrastructure bonds issued by other banks. "Further, such loans should be subject to a ceiling, say, 10 lakh...
  • Bullet News: Catch the day's top stories November 25, 2014

    Bullet News is CNN-IBN's non-stop prime time bulletin where we bring to you the day's top stories from around the world. Be it politics, sports, entertainment or business, catch it here, only in 30 minutes. ...
  • India @ 9 with Palki S Upadhyay November 25, 2014

    Catch the day's top stories with Palki S Upadhyay on India @ 9. ...
  • News 360: Civil unrest in Ferguson, 29 protesters arrested November 25, 2014

    A Missouri grand jury has decided not to indict a police officer in the shooting death of 18-year-old African American Michael Brown in August. The decision has once again sparked off tension in Ferguson. ...
  • Ready to be more flexible in loan recast to spur growth: RBI November 25, 2014

    Anand: The RBI is ready to give banks more flexibility in restructuring of stressed loans if it facilitates recovery of stalled projects, Governor Raghuram Rajan on Tuesday said. "The RBI is exploring ways to allow banks more flexibility in (loan) restructuring. This is a risk we are prepared to take...
  • SEBI's investor protection project may get an overhaul in board meeting today November 19, 2014

    New Delhi: SEBI chief UK Sinha's pet project, investor protection, is all set to get a fillip. Following the recommendations of the Justice RS Sodhi panel and public comments received last December, the SEBI board will overhaul existing norms, beginning with the tweaking of the very definition of an insider. Sources...
  • Rate cut by RBI will give a good fillip to the economy: Arun Jaitley November 18, 2014

    Pushing for a rate cut by the Reserve Bank of India, Finance Minister Arun Jaitley said that the measure would give a good fillip to the economy. Jaitley's comments came on the back of a slide in crude oil prices and inflation moderating. "I am quite clear in my mind...
  • Reliance Jio signs $1.5 billion sydicated term loan facilities November 17, 2014

    Mumbai: Reliance Jio Infocomm Limited (RJIL) has signed syndicated term loan facilities aggregating to $1.5 billion. The facility is guaranteed by Reliance Industries Limited (RIL) and will be used to refinance the syndicated term loan facilities. The facility was fully underwritten by an initial group of 15 core relationship banks that...
  • RBI talking to government about more gold import curbs November 17, 2014

    New Delhi: The Reserve Bank of India (RBI) is in talks with the government to increase curbs on gold imports, Deputy Governor SS Mundra said on Monday, reflecting policymakers concerns that a jump in inbound shipments will worsen the country's trade deficit. Mundra's comments come on the same day that trade...
  • Rate cut by RBI will give 'good fillip' to economy, says Arun Jaitley November 17, 2014

    New Delhi: Pitching for a rate cut by RBI, Finance Minister Arun Jaitley on Monday said that lower cost of capital will give a "good fillip" to the economy. "I am quite clear in my mind that the cost of capital has to come down....
  • Uber goes pre-paid in India, introduces Paytm virtual wallet payments November 14, 2014

    Mumbai: The taxi-hailing app Uber has changed its payment method for Indian customers after new Reserve Bank of India regulations threatened its operations in the country. Passengers using an Uber taxi in India will now need to pre-pay for their rides through a virtual wallet linked to their bank cards, according...
  • Raghuram Rajan keeps promise, speaks in Hindi at RBI function November 13, 2014

    Mumbai: A year after promising to address the audience in Hindi, RBI Governor Raghuram Rajan on Thursday walked the talk and delivered his keynote address in the official language at a function. "It has become an integral part of customer service to work in Hindi in the changing economic scenario. That...
  • RBI against loan waiver scheme by state governments November 13, 2014

    Mumbai: Reserve Bank Governor Raghuram Rajan expressed reservation over the loan waiver scheme by various state governments and also suggested reasonable interest rate ceiling on loans from microfinance lenders. "Repeated loan waivers by various state governments distorts credit pricing, thereby also disrupting the credit market," he said at a function...
  • Factory activity expands at a modest pace in October: survey November 3, 2014

    Bengaluru: Indian factory activity expanded at a modest pace in October, as stronger demand led manufacturers to add jobs for the first time in four months and allowed them to raise prices, a business survey showed on Monday. The HSBC Manufacturing Purchasing Managers' Index (PMI), compiled by Markit, rose to 51.6...
  • MSMEs should get easier finance from banking system: BJP October 14, 2014

    New Delhi: Micro, Small and Medium Enterprises should get easier finance from the formal banking system, senior BJP leader Murali Manohar Joshi said on Tuesday. "Small and medium scale industries are doing 70 per cent production of the country. If they do not remain in good health, the country's economy...
  • Inflation drops to 5-year low of 2.38 per cent in September October 14, 2014

    New Delhi: Continuing decline in food prices, including vegetables, pulled down the September wholesale price inflation to a five year low of 2.38 per cent. The Wholesale Price Index (WPI) based inflation was at 3.74 per cent in August and 7.05 per cent in September 2013. ...