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- RBI for more open market operations
Chennai, Jan 30: India's central bank is open to more open market operations to address the issue of liquidity, said a senior official today.
"We are open to more open market ....
- India's central bank infuses more money in system
New Delhi, Jan 24: After nearly two years of tight check on money supply to tame inflation, India's central bank took steps on Wednesday to infuse more liquidity in the system by reducing a....
- CRR reduction will help ease liquidity problems: India Inc.
New Delhi, Jan 24: The Reserve Bank of India's decision to cut the cash reserve ratio (CRR) by half a percentage point will help ease the liquidity situation and spur investment, India Inc.....
- Global economy heading for another downturn: RBI
Mumbai, Jan 24: Just after three years, the global economy is heading for another downturn mainly because of eurozone debt crisis that would also pull down India's growth, the Reserve Bank ....
- RBI cautions investors against illegal finance companies
Bagmara (Tripura), Jan 7: The Reserve Bank of India (RBI) today asked people not to deposit their hard earned money in unauthorised non-banking financial companies (NBFCs) and institutions in t....
- India Inc welcomes RBI's decision to pause rate hike
New Delhi, Dec 16: Welcoming the Reserve Bank of India's decision to put a pause on the rate hike, India Inc. today said the central bank's move would help improve business sentiments a....
- RBI rate action awaited anxiously
Mumbai, Dec 16: Market punters and economists are hoping that the Reserve Bank of India (RBI) will today hold off another rate hike in the wake of slowing growth and negative industrial output....
- RBI may not hike rates as growth slows
New Delhi, Dec 15: Industrial production dipping into the negative and growth slowing down will play a major role in the Reserve Bank of India's decision on key interest rates and India Inc....
- Automatic approval to FDI in greenfield pharma projects to continue: RBI
New Delhi, Dec 12: The Reserve Bank of India (RBI) will continue to allow overseas capital up to 100 percent in greenfield pharmaceutical projects through the automatic route, but existing comp....
- Probability of global recession low: RBI
Kolkata, Dec 9: On the back of widespread fears that Europe's sovereign debt crisis is pushing a global economic downturn, the Reserve Bank of India (RBI) today said the probability of a wo....
- No special support to Bengal: RBI
Kolkata, Dec 7: The Reserve Bank of India (RBI) will not provide any special support to West Bengal, which is facing an acute financial crisis, but will extend "all kind of support with ava....
- RBI may take steps to prevent rupee's downward spiral
New Delhi, Dec 3: The Reserve Bank of India (RBI) may intervene in the currency market to prevent the downward spiral of the rupee.
"Usually RBI does not strongly intervene in the....
- RBI asks banks to watch asset quality
Mumbai, Nov 14: The Reserve Bank of India (RBI) today advised all the commercial banks in the country to improve their asset quality by tightening credit risk management system and stepping up ....
- No tight monetary policy once inflation softens: Rangarajan
Chennai, Nov 5: The Reserve Bank of India (RBI) may reverse its tight monetary policies once inflation softens, said top economist C. Rangarajan today.
"By December-January, the i....
- Industry hails RBI intent not to hike rates further
New Delhi, Oct 25: Corporate India heaved a sigh of relief as the Reserve Bank of India (RBI) today indicated that it would not hike rates further, after increasing key interest rates for the 1....
- RBI to promote use of cashless payment system
Mumbai, Aug 25: The Reserve Bank of India (RBI) has taken measures to promote the use of cashless payment instruments in the country, a senior official said today.
"The RBI has be....
- 72,000 more villages to get banking services by 2012
Agartala, Feb 6: The Reserve Bank of India (RBI) has asked all the commercial banks to take banking services, in any form, to 72,000 uncovered Indian villages by 2012, a top bank official said ....
- Central bank's rate hikes may not tame inflation: Economists
Kolkata, Jan 27: With supply side constraints the main reason for the spike in the prices of essential items, the latest hikes in short-term lending and borrowing rates by the Reserve Bank of I....
- Highlights of third quarter review of monetary policy
New Delhi, Jan 25: The Reserve Bank of India today hiked its short-term lending and borrowing rates by 25 basis points in its third quarter review of monetary policy 2010-11. Following are the ....
- RBI may hike key interest rate by 25-50 basis points
Gandhinagar, Jan 13: India's central bank is likely to raise key interest rate by 25-50 basis points when it reviews the monetary policy later this month, said the chairman of the country&#....
- RBI launches survey to gauge industry growth outlook
Mumbai, Jan 2: The Reserve Bank of India (RBI) has launched a new round of survey to gauge the growth prospects of public and private sector companies during the January-March quarter.
....
- India's central bank marginally eases monetary policy
Mumbai, Dec 16: With inflation on the decline, India's central bank today eased its monetary policy marginally by lowering the amount commercial banks have to retain as cash, gold or govern....
- RBI rate hike may impact industrial growth
New Delhi, Nov 2: The Reserve Bank of India (RBI) move to raise interest rates for the sixth time this year will have a negative impact on interest sensitive sectors like consumer durables, aut....
- RBI tightens norms for home loans, rates may go up
Mumbai, Nov 2: The Reserve Bank of India (RBI) today tightened the norms for home loans, asking banks to cap the loan amount at 80 percent of the cost of the house to check possible defaults an....
- Highlights of Q2 review of India's monetary policy
Mumbai, Nov 2: Following are the highlights of the second quarter review of the monetary policy conducted by the Reserve Bank of India (RBI) today, which focuses on reining in inflationary expe....
- RBI hikes key interest rates by 25 basis points
Mumbai, Nov 2: The Reserve Bank of India (RBI) today hiked its short-term borrowing and lending rates by 25 basis points, continuing with its tight monetary policy stance to tame inflation, but....
- RBI may raise rates to curb inflation: Pranab Mukherjee
New Delhi, Nov 1: Finance minister Pranab Mukherjee today hinted that The Reserve Bank of India (RBI) may increase key interest rates further to contain inflation.
"RBI monitory p....
- RBI to balance growth, inflation in monetary review: Pranab
Jangipur (West Bengal), Nov 1: The Reserve Bank of India (RBI) will try to strike a balance between the need for growth and the necessity to contain inflation at its monetary policy review next....
- India's central bank to review monetary policy on Tuesday
Mumbai, Oct 29: The Reserve Bank of India (RBI) will conduct its quarterly review of the monetary policy for this fiscal Tuesday amid hopes that policy rates, already hiked five times in 2010, ....
- Adopt Malaysian Islamic banking model: PM advises RBI
Kuala Lumpur, Oct 27: Prime Minister Manmohan Singh directed RBI (Reserve Bank of India) to study the Islamic banking system that operates in Malaysia, and incorporate such a structure in the I....
- Highlights of mid-quarter review of India's monetary policy
Mumbai, Sep 16: Following are the highlights of the mid-quarter review of the monetary policy conducted by the Reserve Bank of India (RBI) today, which focuses on reining in inflationary expect....
- RBI suggests action against fake lotteries, prize money
Aizawl, Aug 18: The Reserve Bank of India (RBI) has asked the state governments to crack down on fake lotteries and people offering fictitious prize money through SMS, email and letters, RBI of....
- Action will show impact on inflation in 6-12 months: RBI
Mumbai, Aug 12: The Reserve Bank of India's move on rates and liquidity to tame inflation will show its impact over the next 6 to 12 months, RBI Deputy Governor Subir Gokarn has said.
<....
- Food prices to ease with rains, says RBI Deputy Governor
Chennai, Aug 6: The Reserve Bank of India (RBI) has taken measures to tackle inflation and expects food inflation to subside with good monsoon rains, a deputy governor of the central bank said ....
- All Indians 'chasing the monsoon'
Mumbai, July 27: Reserve Bank of India (RBI) Governor D. Subbarao today stressed how important the annual rain showers between June and mid-October were for the country, using the title from Al....
- RBI will now review monetary policy mid-quarter
Mumbai, July 27: The Reserve Bank of India (RBI) today said it would update the monetary policy about 45 days after the quarterly review to respond faster to changing domestic and international....
- Highlights of monetary policy update by India's central bank
Mumbai, July 27: Following are the highlights of the first quarter review of monetary policy for fiscal 2010-11 presented by Reserve Bank of India Governor D. Subbarao to CEOs of commercial ban....
- Monetary tightening to continue till inflation comes down: RBI
Mumbai, July 26: The Reserve Bank of India (RBI) today said the tightening of the country's monetary policy would need to continue till inflation was brought down, indicating an upward revi....
- Rate hike on cards at central bank policy review on Tuesday
Mumbai, July 26: India's central bank is likely to increase for a fourth time this year key policy and interest rates at its quarterly monetary policy review on Tuesday to rein in high infl....
- Advisory panel backs RBI monetary policy tightening
New Delhi, July 23: India's central bank should look at tightening the monetary policy to tame sustained inflation, now that the country's economic growth trajectory looked firmer, the ....
- Action needed against illegal non-banking firms: RBI
Aizawl, July 15: The Reserve Bank of India (RBI) has suggested that state governments crack down on unauthorised non-banking firms collecting deposits from people. It also asked people not to d....
- RBI, finance ministry policies converge in the long term
Kolkata, July 4: The Reserve Bank of India today defended its decision to raise key short-term lending and borrowing rates to contain inflation, refuting the argument that the apex bank and the....
- RBI keeping a close watch on European debt crisis
Thiruvananthapuram, May 20: Reserve Bank of India Governor D. Subbarao said today the European debt crisis is not expected to impact big on India, yet the central Indian bank is keeping a watch....
- Separate law needed for Islamic banking in India: RBI
Thiruvananthapuram, May 20: Islamic banking in India is not possible now with the current banking principles based on interest payment, but it can be done though a separate legislation, Reserve....
- Some open market actions by RBI needed to tame rupee: Basu
Kolkata, May 14: Chief economic advisor Kaushik Basu today said the Reserve Bank of India (RBI) should take some open market actions to tame the rupee from appreciating further.
"....
- RBI to publish report on food inflation
Kolkata, May 10: The Reserve bank of India (RBI) will come out with a report on food inflation in a few weeks time, deputy governor of the central bank Subir Gokarn said today.
"T....
- RBI increases cash limit for foreign travel
New Delhi, May 5: People travelling abroad can now carry foreign exchange up to $3,000 or its equivalent amount in other currencies without the Reserve Bank of India's consent.
In....
- India's central bank starts process for new bank licenses
Mumbai, April 20: The Reserve Bank of India (RBI) today began the preparatory process to issue new commercial banking licenses to private sector players as suggested by Finance Minister Pranab ....
- Customer service of commercial banks wanting: Subbarao
Mumbai, April 20: India's central bank today expressed dissatisfaction over the manner in which commercial banks treat their customers, even charging higher rates of interest than permissib....
- RBI hints at rate hike in annual monetary policy
Mumbai, April 19: The Reserve Bank of India (RBI) today hinted at a hike in key interest rates to keep inflation in check while predicting a faster 8.2 percent growth in the current fiscal prov....
- RBI to present annual monetary policy on Tuesday
Mumbai, April 19: The Reserve Bank of India (RBI) will present the annual monetary policy for this fiscal here on Tuesday amid a classical dilemma faced by all central banks to keep the momentu....
- RBI should be careful in changing monetary stance: Montek
New Delhi: The Reserve Bank must be careful while tightening its monetary policy to address concerns over inflation because ensuring high growth is an equally important task, Planning Commissio....
- RBI to introduce added security features for cheques
Mumbai: The RBI (Reserve Bank of India) is set to introduce advanced security features in cheques to counter all kinds of fraudulences and money laundering activities. These feature enhancement....
- RBI asks nationalised banks to reach far-flung areas
Aizawl: The Reserve Bank of India (RBI) has asked nationalised banks to provide banking services in all villages, far-flung areas and human habitations in the country, RBI deputy governor Subir....
- RBI's central board meeting begins in Patna
Patna: The Reserve Bank of India's central board meeting began in the Bihar capital today to discuss various economic issues.
RBI Governor D. Subbarao, along with all top official....
- RBI to target inflation shortly
Chennai: The RBI (Reserve Bank of India) has decided to target inflation within a few months. Governor Duvvuri Subbarao declared this in front of the media here on Monday.
Subbarao al....
- Policy choices becoming 'complex' for Reserve Bank
Mumbai: Choices with regards to policy changes like revision of monetary policy are becoming increasingly "complex" for India's central bank as signs of economic recovery continue t....
- NGOs, retired people to spread banking services in villages
Agartala: The Reserve Bank of India (RBI) will soon engage agents to provide banking services in villages, says RBI deputy governor Usha Thorat.
"To act on behalf of the banks and....
- Indian firms raised over $2 bn from overseas in July
Mumbai: Indian firms raised over $2 billion through external commercial borrowings in July to fund various programmes, including overseas acquisitions and for importing capital goods, the Reser....
- RBI credit policy offers nothing new
Mumbai: After infusing Rs 1,85,000 crore liquidity into the banking system in October, RBI today surprised the market by keeping its key rates unchanged in the mid-term review of annual monetar....
- RBI further liberalises ECB norms
Mumbai: Faced with outflow of foreign capital, Reserve Bank today further relaxed the external commercial borrowing guidelines and allowed companies to bring in funds up to USD 500 million for ....
- RBI cuts repo rate to 8 per cent
Mumbai: Taking further action to curb the existing financial situation in the country the apex bank Reserve Bank today cut short-term lending (repo) rate by 100 basis points to 8 per cent. Cut ....
- Watching closely; more measures if needed: RBI
Panaji: Reserve Bank is keeping a close vigil on the liquidity conditions in the country's banking system and will take more measures if needed, Governor D Subbarao said yesterday. "We have tak....
- RBI cuts CRR by 1 pc, releases additional Rs 40K cr
Mumbai: The Reserve Bank today further cut by one per cent, the amount of mandatory cash that banks need to park with it - a move that would unlock Rs 40,000 crore into the financial system and....
- Liquidity situation comfortable: RBI
New Delhi: Reserve Bank of India (RBI) Governor D Subbarao on Tuesday said that the liquidity situation was comfortable. "The liquidity situation is comfortable. Everything is under control," S....
- Poor response prompts RBI to extend loan for MFs
Mumbai: Lukewarm response from banks to the special short-term lending (repo) facility today prompted the Reserve Bank to extend the scheme till Rs 20,000 crore is fully subscribed for on-lendi....
- More measures to infuse liquidity on anvil, says FM
New Delhi: The Reserve Bank and government today agreed to take fresh measures immediately to infuse liquidity into the system, says Finance Minister P Chidambaram. "Government and RBI are agre....
- India's central bank moves to free another $200 bn
Mumbai: A day after asking commercial banks not to withhold credit to the corporate sector, especially small firms, the Reserve Bank of India (RBI) on Tuesday said another Rs 200 billion ($4.18....
- Subbarao to meet PM to discuss liquidity crisis
New Delhi: RBI Governor D Subbarao is scheduled to meet Prime Minister Manmohan Singh later this evening, Finance Minster P Chidambaram said today. "Governor RBI has returned to Mumbai. He has ....
- RBI may delay liberalisation policy for foreign banks
New Delhi: The global financial crisis may force the Reserve Bank to delay the road-map for further liberalising the banking sector by six to eight months from the scheduled date of April, 2009....
- RBI cuts CRR by additional 1 pc, FM for more liquidity
Mumbai: Taking swift action to inject about Rs 60,000 crore into the cash-strapped system, the Reserve Bank today announced additional one per cent cut in mandatory requirements for banks to ke....
- RBI cuts CRR by 50 basis points
Mumbai: The Reserve Bank of India has slashed by 0.50 per cent Cash Reserve Ratio, the rate of mandatory deposits that banks need to keep with it to ease the tight liquidity position, a move th....
- RBI reduces cash reserve ratio to 8.5 per cent
New Delhi: The Reserve Bank of India (RBI) today reduced the cash reserve ratio by 50 basis points to 8.5 per cent, bringing cheer to financial circles. The central bank said the decision was t....
- On RBI complain, CBI files fraud case
New Delhi: After having received a complaint filed by Reserve Bank of India (RBI), the bank securities and fraud cell of Central Bureau of Investigation (CBI) filed a fraudulent case on Tuesday....
- Hike in interest rates unlikely: Goldman Sachs
New Delhi: With tightening in liquidity condition and expected decline in the inflation by early 2009, there is only a remote possibility of further hike in interest rate by the Reserve Bank, t....
- Strong case for relaxing curbs on overseas borrowings
New Delhi: The government may consider relaxing external commercial borrowing (ECB) norms by this month-end to help India Inc access funds overseas. However, the ECB policy should not be linked....
- RBI rushes to contain US crisis-induced volatility
Mumbai: In a bid to alleviate 'transient pressures' triggered by melt-down of some of world's largest financial institutions, the Reserve Bank on Tuesday said that it will continue to sell doll....
- RBI asks Lehman Brothers' arms not to remit money
Mumbai: The Reserve Bank on Tuesday asked US investment bank Lehman Brothers' NBFC and primary dealer arms not to remit money in forex without its approval. The central bank also stopped the Le....
- RBI asks Lehman not to operate without approval
Mumbai: The Reserve Bank of India (RBI) announced late on Tuesday evening that it has asked Lehman Brothers' Indian primary dealership and non banking financial arm not to undertake any transac....
- RBI proposes to cap outstation cheque charges
Mumbai: Reserve Bank of India on Thursday proposed to put a ceiling on charges for collection of outstation cheques ranging from Rs 25 to Rs 100 depending upon the value, a move that will benef....
- RBI Reference rate for US dollar and Euro
Mumbai: The Reserve Bank of India (RBI) today fixed the Reference rate for the US currency at Rs 45.44 per dollar and the single European unit at Rs 63.48 per euro from Rs 45.12 per dollar and ....
- Duvvuri Subbarao named next Reserve Bank Governor
New Delhi: Finance Secretary Duvvuri Subbarao has been named as the next Governor of the central Reserve Bank of India (RBI). An alumnus of the Massachusetts Institute of Technology, Subbarao w....
- RBI phasing out old Rs 1,000, Rs 500 notes
New Delhi: The Reserve Bank is phasing out old currency notes in the denomination of Rs 1,000 and Rs 500 of 1996 series and replacing them with new ones with added security features. RBI spoke....
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