New Delhi: With most PSU banks remaining reluctant to pass on the benefit of monetary policy easing by RBI, Finance Minister Arun Jaitley today said he expects the lenders to cut interest rates soon."We do
New Delhi: Scotching murmurs of differences between the government and the RBI over regulation of money market, Finance Minister Arun Jaitley today said there is no 'disconnect' between the two and hoped banks would follow
Mumbai: Showering fulsome praise on Reserve Bank of India Governor Raghuram Rajan, International Monetary Fund chief Christine Lagarde on Tuesday said not listening to his prediction of 2008 credit crisis was a big mistake of
Mumbai: RBI Governor Raghuram Rajan's decision to cut rates last week took many top officials by surprise. The contrast between conservative top ranks and Rajan's position could become more conspicuous as the bank is preparing
Washington: Terming Indian economy a "bright spot" on the global economic landscape, IMF on Wednesday raised its growth forecast for the current fiscal to 7.2%, even as it called for steps to revitalise the investment
Mumbai: With the second surprise 25 bps repo rate cut by the Reserve Bank of India (RBI) on March 4, the policy rates have reached neutral and the average policy rate over the next three
Mumbai: Reserve Bank Governor Raghuram Rajan has said the target band for retail inflation could tighten much further in the future as the central bank becomes more comfortable with it.“Going forward, we will seek to
Mumbai: The second unscheduled cut on Wednesday - within two months - in the repo rate at which the Reserve Bank of India (RBI) lends to commercial banks was not as unexpected as the first
New Delhi: Giving a boost to affordable housing, the RBI on Thursday eased the norms for home loans for up to Rs 10 lakh by allowing banks to include stamp duty and registration charges to
Mumbai: In a gesture rarely found among newsmakers, RBI Governor Raghuram Rajan today said “sorry” for a “misleading” comment that he never made with regard to the central bank's stance on interest rates.Addressing students of
New Delhi: In a surprise move on March 4, the Reserve Bank of India cut the repo rate by 25 basis points to bring it down to 7.5 per cent. Consequently, the reverse repo rate
New Delhi: Within days of presentation of the Budget, the Reserve Bank today surprised markets by reducing the benchmark interest rate by 0.25 per cent to 7.5 per cent on the back of softening inflation
Bengaluru: Reserve Bank Governor Raghuram Rajan today said the central bank was looking into improving the quality of education loans despite high levels of defaults.Rajan, who delivered the Sri Vithal N Chandavarkar Memorial Lecture at
Chandigarh: Reserve Bank of India today said it will shortly issue Rs 10 denomination banknotes in the Mahatma Gandhi Series-2005.“It will incorporate rupee symbol on the obverse and the reverse, with inset letter ‘N' in
Mumbai: Reserve Bank of India (RBI) governor Raghuram Rajan, speaking at the Ideas Festival, Goa, said that strong government may not necessarily mean an effective government. He cautioned the people against strong governments without any democratic
Panaji: Student debt should not go the way of the farmer debt crisis in India and the student loan facility needs holistic changes, Reserve Bank of India (RBI) Governor Raghuram Rajan said on Friday.Speaking during
New Delhi: The ongoing slowdown in inflation momentum has given room for the Reserve Bank to adopt a more accommodative monetary policy and cut policy rates by 50 basis points in the first half of
New Delhi: India's foreign exchange reserves surged by USD 5.84 billion to touch a fresh life-time high of USD 327.88 billion in the week ended January 30, the Reserve Bank said on Friday.The previous record
Mumbai: Putting hope in the country's economic growth, Reserve Bank of India Governor Raghuram Rajan said that “India should not settle for anything less than a double digit growth in the medium term after progressing
Mumbai: Reserve Bank of India Governor Raghuram Rajan has said that bad loans in the India's banking sector have not put the banks at risk of a crisis. He said most of the problems are
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