Mumbai: Asserting that the level of bad loans is not alarming, Governor Raghuram Rajan today said the Reserve Bank has come out with a discussion paper on stressed asset management to prevent any further threat
New Delhi: In a severe indictment, commodity market regulator FMC has said Jignesh Shah and his firm FTIL are not ‘fit and proper' to run any exchange in the country and charged him of being
Mumbai: Reserve Bank Governor Raghuram Rajan today said the central bank is contented with reduction in the volatility of the rupee.“We are happy with the reduction in volatility and that was our aim right through.
New Delhi: Following are the highlights of RBI's mid-quarter review of monetary policy:* RBI keeps key policy rate, cash reserve ratio unchanged* Repo rate unchanged at 7.75 pc; cash reserve ratio unchanged at 4 pc*
New Delhi: The Reserve Bank of India on Wednesday chose to keep its key policy rates unchanged in the mid-quarter monetary policy review.On Wednesday, the RBI kept its policy repo rate unchanged at 7.75 per
New Delhi: With food prices showing no signs of abatement, the Reserve Bank is likely to hike its key policy rate by 0.25 percent Wednesday, the third straight increase under Governor Raghuram Rajan as part
Mumbai: Management guru Nitin Nohria today asked Indian businesses to seize the opportunity provided by mandatory corporate social responsibility (CSR) spending, but warned people will become “extraordinarily cynical” if the provision is misused by companies.The
Mumbai: To contain rising bad loans, which is likely to touch Rs 3 trillion mark this fiscal, RBI today proposed a slew of measures, including incentives to banks for tackling an account timely and penalising
New Delhi: The outcome of the WTO meeting held recently at Bali will not impact the country's food security programme, Commerce and Industry Minister Anand Sharma informed Parliament today.“...nothing in the aforesaid agreement impinges on
Mumbai: The rupee gained for the first time in four days today, appreciating 39 paise to 61.73 against the dollar, amid indications the RBI had stepped in to support the local currency after a spate
New Delhi: Overseas investors have poured in over Rs 8,500 crore (about USD 1.4 billion) in the equity market this month amid expectations the BJP's victories in state assembly polls have brightened the party's prospects
New Delhi: The RBI's mid quarter review of monetary policy and the US Federal Reserve's meeting that could decide on tapering its economic stimulus would be the key driving factors for stock markets this week,
Mumbai/Kolkata: Leading stock exchange BSE is planning to launch interest rate derivatives and equity derivatives with advance systems by January. Announcing this plan, BSE Managing Director and CEO Ashishkumar Chauhan also said bourse's primary objective
Mumbai: Armed with new powers to act against fraudsters and market manipulators, Sebi Chairman U K Sinha says the regulator has already begun utilising them in a big way and a process has been initiated
Mumbai: Growing for a fifth consecutive week, India's forex reserves added $4.41 billion to $295.71 billion in the week ended December 6 on account of a rise in foreign currency assets, the Reserve Bank of
Mumbai: Finance Minister P Chidambaram has said he does not think India will get a government with "solid majority" after the 2014 Lok Sabha elections. "But if does, then it would be a turning point to
Mumbai: Pitching for high level of probity, Finance Minister P Chidambaram today said Indian capital markets are facing many concerns including low level of retail participation, which needed to be addressed urgently."It is important that
Mumbai: Finance Minister P Chidambaram today pitched for limiting the Reserve Bank's mandate to monetary policy formulation and banking regulation, and for delegating its other functions to government or other regulators. "It (RBI) is the
Mumbai: Japanese brokerage Nomura today said the Reserve Bank committee on monetary policy framework may declare ensuring price stability as the prime objective of the central banks' policy.“We expect the committee to recommend a move
Mumbai: The Reserve Bank today opened a special a two-day borrowing window for banks under the marginal standing facility (MSF) to help meet the rising fund need from corporates for advance tax payments. “As the
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