Mumbai: Reserve Bank of India Governor Raghuram Rajan today said shifting the regulation of bond trading from the central bank would have an adverse impact on the government bond market.“My personal view is that moving
New Delhi: Describing the RBI's status quo policy as a calibrated approach to strike a balance between growth and inflation, Finance Minister Arun Jaitley today said the government on its part will address the problem
Mumbai: The decisive election victory for the Narendra Modi-led National Democratic Alliance has created a conducive environment for policy actions and should help in economic recovery, Reserve Bank of India Governor Raghuram Rajan said today.Lead
Mumbai: All new ATMs to be installed by commercial banks from July 2014 onwards would provide audible instructions and Braille keypads to customers, RBI said today.The RBI's directive today came on its prior advice to
New Delhi: The Reserve Bank of India (RBI) has eased rules for loans to exporters. As per the new guidelines, exporters can now get long-term loans from banks for up to 10 years to service
Mumbai: To deepen the nascent corporate bond market, the RBI today proposed allowing banks to provide partial credit enhancements to the debt instrument. The central bank has released a draft circular on allowing partial credit
New Delhi: Describing the BJP's election victory as an “astonishing triumph of Narendra Modi”, noted economist Jagdish Bhagwati on Monday (May 19) advised him to retain Raghuram Rajan as RBI Governor and to hold monthly
Shimla: Plastic currency notes would be launched in the country in 2015 after field trials, Reserve Bank Governor Raghuram Rajan said today.“Plastic notes are coming. Tender bids have come for one billion notes. In five
Mumbai: Nearly 10-15 per cent of funding requirements of large corporates should be met through the corporate bonds market, a senior RBI official said here today. With the help of suitable policies, there has been
New Delhi: Asserting independence of the central bank, Reserve Bank Governor Raghuram Rajan today said it is he who determines the monetary policy and the government can fire him if it wanted.“I determine the monetary
Mumbai: Following the Reserve Bank's move to allow minors to open and operate accounts, the State Bank of India, the nation's largest lender, today said it will start a special scheme for children shortly. “We
New Delhi: Children older than 10 years can now open a savings bank account without the help of their parents or guardians.As per a recent directive by the Reserve Bank of India (RBI), banks were
Mumbai: The Reserve Bank of India (RBI) will shortly issue banknotes of Rs.1,000 and Rs.20 denomination incorporating rupee symbol and bearing the signature of governor Raghuram Rajan.According to a statement released by the RBI Tuesday,
Mumbai: The Reserve Bank of India on Thursday fully sold the $3.31 billion worth of bonds on offer at its biggest auction ever, sparking strong gains in debt markets. The 10-year benchmark bond yield fell
Mumbai: Reserve Bank Governor Raghuram Rajan today said a very accommodative monetary policy can lead to more problems for an economy rather than help sustain growth.“A first step to prescribing the right medicine is to
Mumbai: In a reformist move, the Reserve Bank today allowed importers of rough diamond to send advance remittances to any company apart from the nine notified mining companies.“With a view to liberalising the procedure further
Mumbai: The Reserve Bank today capped the ways and means advances limit for the central government in the first half of the new financial year (FY 2015) at Rs 35,000 crore per week.The Reserve Bank
New Delhi: EMIs for housing and car loans are likely to remain unchanged after the Reserve Bank today maintained the status quo on the key policy rate (repo), as was widely expected, and said there
Mumbai: The rupee has ended the fiscal with a loss of over 10 per cent against the US dollar, clawing back from its lifetime low hit in August and becoming one of the best performing
New Delhi: The Reserve Bank today met a select group of public sector and foreign banks ahead of the forthcoming bi-monthly policy meet early next week.The central bank usually holds the customary pre-policy discussions ahead
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