RBI

  • Bullet News: Catch the day's top stories 5 days ago

    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 5 days ago

    Catch the day's top stories with Palki S Upadhyay on India @ 9. ...
  • India holds back plan to cut RBI's power to manage public debt and regulate government bond market 5 days ago

    New Delhi: India on Thursday put on hold its biggest overhaul of financial regulation in a generation, following pushback against its plans to strip the central bank of authority to regulate the government bond market and manage public debt. The climbdown, ahead of a vote in the lower house of Parliament,...
  • End obstructionism, FM Arun Jaitley tells opposition, announces some concessions 5 days ago

    New Delhi: With the land bill being stuck, Finance Minister Arun Jaitley on Thursday asked opposition to shun politics of "obstructionism" to allow growth as he announced concessions including withdrawal of service tax on social sector schemes and clarified on MAT to boost investment. Jaitley...
  • Finance Minister drops plans to strip RBI of powers to regulate government bonds 5 days ago

    New Delhi: Buying peace with RBI, the government on Thursday dropped plans for the time being to strip the central bank of powers to regulate government bonds and give it to an independent agency. Finance Minister Arun Jaitley withdrew the proposal from Finance Bill, 2015, and said the...
  • RBI chief Rajan calls for formal financing routes for farmers: Report April 26, 2015

    Mumbai: Reserve Bank of India Governor Raghuram Rajan called for an urgent expansion of formal financing routes for farmers after a spate of suicides in the country, a newspaper said on Saturday. "It is lack of formal financing rather than the excessive burden of informal financing which is the problem. So...
  • Need of the hour is to expand formal financing institutions in India: Raghuram Rajan April 25, 2015

    RBI governor Raghuram Rajan has also spoken out against the spate of farmer suicides. He said that small and marginal farmers in the country should have access to formal financing. ...
  • 'Careful' management of demand vital for Make in India: Raghuram Rajan April 24, 2015

    Chandigarh: Reserve Bank Governor Raghuram Rajan on Friday said for the success of Make in India domestic demand needs to be managed "carefully" and industry should be made competitive, while stating that economic security is a must for national security. 'Make in India' initiative could also be an answer to increase...
  • RBI directs banks to strictly follow 'Mandatory Leave' policy April 23, 2015

    Mumbai: Coming down heavily on banks for not implementing mandatory leave policy effectively, the Reserve Bank on Thursday said that employees posted at sensitive areas are required to compulsorily avail leave of about 10 days in a single spell every year. This comes after 'forensic scrutiny on guidelines for prevention of...
  • Sensex rebounds by 214 points on value-buying April 22, 2015

    Mumbai: Ending five-day losing streak, the benchmark BSE Sensex on Wednesday rebounded by over 214 points to 27,890.13 on value-buying in capital goods, pharma and banking stocks as sentiment improved after Saudi Arabia ended its military campaign in Yemen. Sentiment were also buoyed after Finance Minister Arun Jaitley said GST bill...
  • RBI working on integration between e-commerce firms and banks April 21, 2015

    Mumbai: India's central bank is working on improving the integration between e-commerce firms and the country's banking systems, a deputy governor of the Reserve Bank of India (RBI) said on Monday. "One area which we will now be looking at very closely, which is emerging, is how to provide integration between...
  • Launch of Rupee 10 coins on centenary of Mahatma Gandhi's return from South Africa April 16, 2015

    Mumbai: The Reserve Bank will launch Rs 10 coins to commemorate the centenary of return of Mahatma Gandhi to India from South Africa. "The Government of India has minted the coins which the Reserve Bank of India will shortly put into circulation," it said in a notification. The existing coins in this...
  • RBI nod for different rates on deposits with early withdrawal April 16, 2015

    Mumbai: The Reserve Bank on Thursday allowed banks to offer differential interest rates on term deposits depending on whether they are with or without premature withdrawal facility. While all term deposits of individuals (held singly or jointly) of Rs 15 lakh and below should "necessarily" have premature withdrawal facility, RBI said...
  • Home loan rates in single digits. How does this affect you? Join the discussion April 16, 2015

    Giving a boost to affordable housing, the Reserve Bank of India in March eased the norms for home loans for up to Rs 10 lakh by allowing banks to include stamp duty and registration charges to the cost of a unit. The RBI also cut the repo rate by 25...
  • RBI Governor Raghuram Rajan receives threat email, Cyber Crime Investigation Cell launches probe April 16, 2015

    Mumbai: Reserve Bank of India Governor Raghuram Rajan has received a threat message on his email ID. According to Mumbai Police sources, the email was sent from a Gmail id. RBI officials have alerted the office of the Joint Commissioner, Crime Branch. The Cyber Crime Investigation Cell has launched a probe...
  • RBI warns against fraudulent 'All Bank Balance Enquiry No' app April 14, 2015

    Mumbai: Cautioning public against a fraudulent bank account mobile app in its name, the Reserve Bank of India had on Saturday said it has not developed any such application. In a statement, the Reserve Bank said that it has come to its notice that an app (application) "is doing rounds on...
  • Arun Jaitley leaves for US on April 14 to attend IMF-World Bank meet April 13, 2015

    New Delhi: Finance Minister Arun Jaitley is leaving for the US on Tuesday night to attend the IMF-World Bank Spring meetings in Washington. RBI Governor Raghuram Rajan and other senior officials of the Finance Ministry and the Reserve Bank will participate in the meeting that is likely to focus on the...
  • RBI warns public against fraudulent 'All Bank Balance Enquiry' app April 11, 2015

    Mumbai: Cautioning public against a fraudulent bank account mobile app in its name, the Reserve Bank said it has not developed any such application. In a statement, the Reserve Bank said that it has come to its notice that an app (application) "is doing rounds on WhatsApp purportedly to facilitate checking...
  • RBI warns public against fraudulent 'all bank balance enquiry app' April 11, 2015

    Mumbai: Cautioning public against a fraudulent bank account mobile app in its name, the Reserve Bank on Saturday said that it has not developed any such application. In a statement, the Reserve Bank said that it has come to its notice that an app (application) "is doing rounds on WhatsApp...
  • Raghuram Rajan says full rupee convertibility in a few years April 10, 2015

    Pune: Reserve Bank Governor Raghuram Rajan on Friday said the central bank is looking at allowing full capital account convertibility in a few years. "My hope is that we will get to full capital account convertibility in a short number of years," he said. Full capital convertibility means a foreign investor...
  • HDFC cuts home loan rate by 0.2 per cent; EMIs to come down April 10, 2015

    New Delhi: Country's largest mortgage firm HDFC on Friday cut home loan rate by 0.2 per cent to 9.9 per cent for new as well as existing borrowers. It has been decided to reduce home loan rate by 20 basis points, with effect from April 13, HDFC Ltd said in...
  • Bank in distress too will get capital support from government: Raghuram Rajan April 9, 2015

    New Delhi: Reserve Bank Governor Raghuram Rajan on Thursday said that banks in distress will get capital support from the government if they make a clear case for recapitalisation. The government has changed the criteria for infusion of capital in the public sector banks which says banks fitting the 'Return on...
  • Moody's Investors Service raises India's credit rating outlook to positive April 9, 2015

    New Delhi: India's credit rating outlook was raised to positive by Moody's Investors Service signaling optimism in the efforts of Prime Minister Narendra Modi and RBI Governor Raghuram Rajan to improve the economy. The country's Baa3 rating was affirmed and the outlook was revised to positive. In a statement, the...
  • RBI notifies hike in FDI cap in insurance sector to 49 per cent April 8, 2015

    Mumbai: The Reserve Bank on Wednesday notified government's decision to raise foreign direct investment (FDI) limit in the insurance sector to 49 per cent. "The extant FDI policy for insurance sector has since been reviewed and further liberalised. Accordingly, with immediate effect, FDI in insurance sector shall be permitted up to...
  • Bullet News: Catch the day's top stories April 7, 2015

    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 Zakka Jacob April 7, 2015

    Catch the day's top stories with Zakka Jacob on India @ 9. ...
  • News 360: Maharashtra government makes mandatory screening of marathi films in multiplexes April 7, 2015

    Screening of Marathi films during the prime time slots of 6pm to 9pm in multiplexes has been made mandatory by Maharashtra government. ...
  • SBI, HDFC Bank, ICICI Bank cut lending rate; home, auto loans to get cheaper April 7, 2015

    Mumbai: Nudged by the Reserve Bank of India, leading banks, State Bank of India, ICICI Bank and HDFC Bank, on Tuesday cut their lending rates. While SBI and HDFC Bank cut rates by a token 0.15 per cent, ICICI Bank slashed its lending rate by 0.25 per cent after the...
  • SBI cuts lending rate by 0.15% to 9.85%, effective April 10 April 7, 2015

    Mumbai: Nudged by RBI, country's biggest bank SBI on Tuesday cut base lending rate by 0.15 percentage point to 9.85 per cent, becoming the first major lender to ease the rate in many months. The new rate is effective April 10. SBI Chairman Arundhanti Bhattacharya said other lenders should follow...
  • RBI keeps interest rates unchanged, EMIs likely to remain the same April 7, 2015

    New Delhi: The Reserve Bank of India kept interest rates on hold at 7.50% on Tuesday, waiting for more clarity on inflation after heavy rains raised uncertainty about food prices and seeking to grant banks more time to reflect its previous rate cuts. With the apex bank not tinkering with...