Rbi

  • RBI issues draft guidelines for setting up small, payment banks 1 week ago

    New Delhi: A week after Budget announcement, the Reserve Bank on Thursday issued draft guidelines for setting up of 'local feel' small banks, which will disburse small-ticket loans to farmers and businesses. The central bank also issued draft guidelines for setting up of payment banks, which will cater to marginalised sections...
  • Farm loan rescheduling in AP, Telangana yet to get RBI nod July 14, 2014

    Hyderabad: The Reserve Bank of India is yet to give its approval for the proposed rescheduling of farm loans in Andhra Pradesh and Telangana, its Deputy Governor R Gandhi said on Monday. Contrary to claims made by the Andhra Pradesh government that RBI had agreed to the farm loan rescheduling, Gandhi...
  • Modi's farm export curbs may ease India's June inflation July 14, 2014

    New Delhi: India's inflation probably eased marginally in June after the new government curbed farm exports, but a growing risk that drought will shrivel summer crops could encourage the Reserve Bank of India to keep interest rates on hold. Prime Minister Narendra Modi, elected in May amid anger over rising prices,...
  • RBI Governor launches Indian Bank's mobile branches July 12, 2014

    Chennai: As part of the urban financial inclusion initiative by public sector Indian Bank, two mobile branches with ATM facility was launched by RBI Governor Raghuram G Rajan. Rajan recently launched two mobile branches with ATM facility to provide banking services in areas of Royapuram, Tiruvotriyur, Tondiarpet in North Chennai...
  • Government, RBI to devise modern monetary policy framework July 10, 2014

    New Delhi/Chennai: With prices staying at stubbornly high level, the government and the RBI on Thursday agreed to devise a modern monetary policy framework with clear inflation targeting. The tone for inflation targeting was set by Finance Minister Arun Jaitley in his budget speech when he stressed on a modern monetary...
  • Raghuram Rajan says too early to declare victory over NPA battle July 10, 2014

    Chennai: Reserve Bank Governor Raghuram Rajan on Thursday said it is too early to declare victory over the high non-performing assets in the system, which will improve only with an uptick in growth expected during this fiscal. "I think, the most immediate problem we have to confront is that of rising...
  • Rupee rebounds 23 paise Vs US dollar to end at 59.78 July 8, 2014

    Mumbai: In contrast to falling equities, the rupee on Tuesday recovered 23 paise to end at 59.78 against the dollar after exporters and some banks sold the US currency. On Monday, the rupee fell by 29 paise -- logging its biggest drop in nearly three weeks. The Indian rupee on Tuesday...
  • Iraq crisis led to rupee depreciation: Government July 8, 2014

    New Delhi: The recent Iraq crisis has led to marginal depreciation of the rupee and government is calibrating "appropriate policy responses" to cope with the situation, Parliament was informed on Tuesday. "Since the escalation of the Iraq crisis in the second week of June 2014, the exchange rate of the rupee...
  • Rupee drops most in nearly 3 weeks, down 29 paise as US dollar demand rises July 7, 2014

    Mumbai: The rupee on Monday slipped 29 paise, logging its biggest drop in nearly three weeks, to end at 60.01 versus the dollar on rising demand for the US currency from custodian banks. The rupee fell despite the stock benchmark Sensex ending above the 26,000-level for the first time in its...
  • Bharti Airtel gains; RBI allows increase in FII limit July 4, 2014

    Shares in Bharti Airtel Ltd(BRTI.NS) gain after the Reserve Bank of India (RBI) increases limit for overseas investors to buy shares in the company. Foreign institutional investors can now invest up to 74 percent in Bharti Airtel under the portfolio investment scheme, the RBI said in a statement late on Thursday. The...
  • RBI restores overseas investment limit July 3, 2014

    Mumbai: The Reserve Bank of India (RBI) on Thursday restored the overseas investment limit of Indian companies to 400 percent of the firm's net worth after the rupee rebounded from last year's record low levels against the dollar. Last August, the RBI cut the overseas investment limit for companies to 100...
  • UN special envoy hails RBI's work on financial inclusion July 2, 2014

    Mumbai: Visiting Dutch queen Maxima, who is also the UN Secretary General's Special Advocate for Inclusive Finance for Development, praised the Reserve Bank of India's (RBI) work on financial inclusion. "(The RBI has) one of the most comprehensive and forward looking visions on financial inclusion around the globe," the UN special...
  • Poverty definition immaterial for financial services: Raghuram Rajan July 2, 2014

    Mumbai: As the debate over the definition of poverty continues, Reserve Bank of India Governor Raghuram Rajan on Wednesday said that descriptions don't matter when it comes to financial services, which are unavailable for a large number of people. "It doesn't matter that we have a precise definition. There's so much...
  • June factory activity grows at fastest pace since February July 1, 2014

    New Delhi: Indian factory activity expanded in June at its quickest pace since February while output prices rose at the fastest rate in eight months, signalling a further rise in inflation that is bound to vex the Reserve Bank of India (RBI), a business survey showed on Tuesday. The HSBC Manufacturing...
  • Stable government brightens recovery hopes: RBI June 26, 2014

    Mumbai: The Reserve Bank of India on Thursday said improved political stability and expectations of a decisive and coordinated policy response augur well for the economy and the markets. "Formation of a stable government at the Centre has ameliorated political risk and has led to expectations of better policy coordination and...
  • Will we ever get to know who are the real beneficiaries of black money stashed abroad? June 23, 2014

    The Reserve Bank of India on Monday directed all banks and financial institutions to provide information and documents sought by the Special Investigation Team (SIT) set up to unearth black money. ...
  • RBI asks banks to give information to SIT on black money June 23, 2014

    Mumbai: The Reserve Bank of India on Monday directed all banks and financial institutions to provide information and documents sought by the Special Investigation Team (SIT) set up to unearth black money. "All the banks and financial institutions (FIs) are advised to ensure that information/documents required by the SIT are made...
  • Sebi board to meet tomorrow; slew of reform measures on agenda June 18, 2014

    New Delhi: Capital markets regulator Sebi is set to announce a slew of measures, including IPO and Offer for Sale reforms, to give a boost to the primary markets and make it easier for companies to raise funds. These issues, along with new guidelines for research analysts, common Know Your Client...
  • Proper food management to help ease price rise: RBI June 17, 2014

    Mumbai: The Reserve Bank on Tuesday said it is closely watching inflation situation and hoped that proper food management will help in easing of food prices. "We are watching inflation situation. Food prices have had an effect in the last couple of months," RBI governor Raghuram Rajan said, adding food prices...
  • India watching Iraq, economy prepared to deal with shocks: RBI June 17, 2014

    New Delhi: Reserve Bank of India Governor Raghuram Rajan said the country is watching the Iraq situation, but despite the uncertainty the domestic economy is better prepared to deal with any shocks on the external front. The rupee tumbled to its lowest level in nearly two months on Tuesday on the...
  • RBI to sell government securities worth Rs 15,000 crore on Friday June 16, 2014

    Mumbai: The Reserve Bank will sell dated government securities worth Rs 15,000 crore in four tranches on Friday, RBI said. Dated government securities are long term securities carrying a fixed or floating coupon or interest rate paid on the face value. It is payable at fixed time periods, usually half-yearly....
  • RBI to launch revamped inflation-indexed bonds soon June 12, 2014

    Mumbai: The Reserve Bank on Thursday said it is in discussion with the government to revamp inflation indexed bonds to attract more retail investors. Inflation indexed bonds were introduced last year by the central bank but were not well received due to its complex structure. "We had launched inflation indexed bonds...
  • Jaitley underlines need to lower cost of business to up growth June 8, 2014

    Mumbai: Ahead of the union budget, Finance Minister Arun Jaitley met financial sector regulators in Mumbai on Saturday. The meeting was to discuss the current financial and economic indicators. The meeting was also to take up suggestions on the forthcoming policy of the goverenment. Jaitley has been holding a series...
  • India @ 9 with Bhupendra Chaubey June 3, 2014

    Catch the day's top stories with Bhupendra Chaubey on India @ 9. ...
  • News 360: Union Minister Gopinath Munde dies in road accident in Delhi June 3, 2014

    In a tragic turn of events on Tuesday morning, Union Minister for Rural Development Gopinath Munde died of multiple internal injuries after his car was hit by another vehicle in Delhi. The 64-year-old Munde, who is survived by his wife and three daughters, was going to the Delhi airport to...
  • Inflation not easing soon; rate hike likely by December: Analysts June 3, 2014

    Mumbai: As the Reserve Bank maintained a status quo on key policy rates, analysts said that higher demand due to supply constraints will not allow inflation to ease as quickly as anticipated and the apex bank may be forced to increase rates once more by the year-end. In its second...
  • RBI took calibrated approach to balance growth, inflation: Arun Jaitley June 3, 2014

    Describing the RBI's status quo policy as a calibrated approach to strike a balance between growth and inflation, Finance Minister Arun Jaitley on Tuesday said the government on its part will address the problem of price rise by improving supplies. "It is a priority for the government to maintain a balance...
  • Rupee loses 23 paise to end at 3-week low of 59.38 against US dollar June 3, 2014

    Mumbai: Falling for the fourth day in succession, the rupee on Tuesday dipped by 23 paise to close at nearly three-week low of 59.38 against the dollar amidst the RBI announcing an SLR cut that is expected to release nearly Rs 40,000 crore into markets. The Reserve Bank of India is...
  • RBI keeps key policy rates unchanged; slashes SLR by 0.5 per cent June 3, 2014

    There have been no changes in key policy rates by the Reserve Bank of India. While announcing the second bi-monthly monetary policy, 2014-15, in Mumbai on Tuesday, RBI Governor Raghuram G Rajan said that the apex bank has kept the policy repo rate under the liquidity adjustment facility (LAF) unchanged...
  • Nifty ends above 7400 for 1st time; BSE Metal surges 5 pc June 3, 2014

    Mumbai: Equity benchmarks ended at record closing highs on Tuesday after the RBI credit policy review indicated huge amount of liquidity coming into the system and positive Chinese manufacturing data. The 50-share NSE Nifty closed above 7400-mark for the first time ever, up 53.35 points to 7415.85 while the 30-share...