RBI

  • India eases gold import rule in surprise move 4 hours 22 minutes ago

    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 Yesterday

    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 Yesterday

    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 Yesterday

    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 3 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 3 days ago

    Catch the day's top stories with Palki S Upadhyay on India @ 9. ...
  • News 360: Civil unrest in Ferguson, 29 protesters arrested 3 days ago

    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 3 days ago

    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. ...
  • RBI's fresh agility helps tame India's money market volatility October 9, 2014

    Mumbai: The Reserve Bank of India (RBI) has finally made progress in taming the country's volatile money markets, displaying two traits it has been rarely associated with in the past: flexibility and a willingness to correct course mid-way. The overnight cash rate, a key indicator of liquidity, has recovered from a...
  • Indian economy to see better growth momentum October 8, 2014

    London: The Indian economy is projected to see a pick up in growth momentum while most of the other major economies are anticipated to see stable prospects, Paris-based think tank OECD said on Wednesday. Only India is anticipated to witness better growth momentum among the...
  • Finance Ministry, RBI to decide on monetary policy framework by December end October 7, 2014

    New Delhi: The Finance Ministry and the RBI will finalise a new monetary policy framework by December end under which the central bank will pursue the retail inflation target to be decided by the government. According to official sources, the internal work for the new...
  • RBI has no bias either to cut or hike rates: Raghuram Rajan October 1, 2014

    Mumbai: The Reserve Bank has no bias either to cut or hike the key rates and the direction of the monetary policy will be influenced entirely by data, Governor Raghuram Rajan said on Wednesday. "Our policy stance today is reasonable and we see no reason to alter it today based on...
  • RBI unveils more measures to deepen trading in bond market September 30, 2014

    Mumbai: To boost trading in bonds, RBI on Tuesday said that it will gradually lower the ceiling on government securities that can be held-to-maturity (HTM) by banks to 22 per cent, from 24 per cent, beginning January. The apex bank also announced it will extend the period that foreign investors...
  • Coalgate: System has flexibility to deal with loans, says Raghuram Rajan September 30, 2014

    Mumbai: Reserve Bank Governor Raghuram Rajan on Tuesday said that there is already "fair amount of flexibility" in the system to deal with loans impacted by the Supreme Court order to de-allocate 214 coal blocks. "I will reiterate that whenever we have issues of flexibility coming up, the real issue...
  • System has flexibility to deal with loans: Raghuram Rajan on Coalgate September 30, 2014

    Mumbai: Reserve Bank Governor Raghuram Rajan on Tuesday said there is already "fair amount of flexibility" in the system to deal with loans impacted by the Supreme Court order to de-allocate 214 coal blocks. "I will reiterate that whenever we have issues of flexibility coming up, the real issue is putting...
  • Full text: RBI's fourth bi-monthly monetary policy review September 30, 2014

    New Delhi: Reserve Bank Governor Raghuram Rajan on Tuesday left all key rates unchanged citing continued risks to inflation and difficult external situation especially on the geopolitical front. Here is the full text of the report: ...
  • Reserve Bank of India keeps key rates unchanged September 30, 2014

    New Delhi: The Reserve Bank of India did not spring up any surprise move in its fourth bi-monthly monetary policy review. The central bank has kept key rates unchanged. This is the fourth consecutive time that the RBI has kept key interest rates unchanged despite clamours from the industry to...
  • India Post suited to be payment bank: Financial Ministry September 29, 2014

    Mumbai: Lack of credit disbursing experience makes the postal department with its vast network of offices around the country better suited to be run as a payment bank and not as a full-fledged universal bank, a top Finance Ministry official said on Monday. "The Department of Posts may be considered...
  • SC order on coal block allocations: Banks to ask RBI for recasting loans September 29, 2014

    Mumbai: Acknowledging that the Supreme Court order on mass cancellation of coal block licences may impact banks' asset quality, a top Finance Ministry official on Monday said that the lenders will approach RBI for restructuring such assets. "Some impact may be there, and what exactly it will be is being...