RBI knives overall growth to 6.7% but says worst behind us
The Goods and Services Tax has led to some uncertainty in the manufacturing sector, which is likely to delay revival of investment activity, it said.
Oct 04, 2017, 22:16 PM IST
New foreign portfolio investment norms from April: RBI
The new norms will facilitate the process of investment and hedging by Foreign Portfolio Investors (FPIs), keeping in view the macro-prudential parameters, said the statement on developmental and regulatory policies by the Reserve Bank of India (RBI).
Oct 04, 2017, 21:12 PM IST
RBI likely to keep policy rate on hold till fiscal-end: Report
According to the report, both CPI and WPI inflation have bottomed out and retail inflation is inching towards 4.7 per cent and wholesale towards 3.6 per cent by March 2018.
Sep 17, 2017, 15:00 PM IST
Growth, inflation to trend higher in next 6-12 months: Nomura
Most MPC members voted for a rate cut in August owing to low inflation momentum and signs of weaker growth.
Aug 17, 2017, 14:19 PM IST
GST won't put any pressure on GDP growth, says Rangarajan
Referring to a recent study, he said the total cost of projects initiated by the corporate sector has come down to Rs 0.95 lakh crore (Rs 95,000 crore) in 2015-16 from Rs 5.6 lakh crore in 2009-10.
Aug 11, 2017, 17:28 PM IST
Ensure safety of customers' lockers: RBI to banks
The Reserve Bank has asked banks to ensure customers' lockers remain safe and there is "no negligence" that could render banks liable to claims by locker holders.
Aug 08, 2017, 15:15 PM IST
Equity mutual funds see record Rs 12,727 crore inflow in July
The strong inflows have pushed the asset base of equity mutual funds (MFs) by more than 6 percent to Rs 6.3 lakh crore at the end of July from Rs 5.91 lakh crore in the preceding month.
Aug 07, 2017, 15:43 PM IST
Insolvency cases: SS Mundra says firms free to move higher courts
He also said that RBI is looking at the provisioning norms for the cases that have been or will be referred to IBC for resolution.
Jul 26, 2017, 16:31 PM IST
MPC members to get Rs 1.5 lakh per meet,disclose assets every year
The members appointed by the government would "receive a remuneration of Rs 1,50,000 for devoting time and work for each meeting of the committee. Which they attend and other expenses relating to air travel, local transportation and accommodation as may be decided by the central board from time to time," as per the regulations.
Jul 23, 2017, 15:35 PM IST
RBI to lease currency verification systems to weed out fakes
As per the tender document, the currency notes of all denominations received at regional office of the RBI would have to be processed at a minimum speed of 30 notes per second.
Jul 23, 2017, 12:13 PM IST
FPI holding: Federal Bank, Sintex Plastics under RBI watch
The boards of both the companies have passed resolutions to hike the limit of foreign investment to up to 74 percent, RBI said.
Jul 18, 2017, 22:29 PM IST
RBI pushes 'Make in India' for currency security features
RBI cancelled two tenders issued earlier for supply of security features and fibre for currency notes in order to incorporate 'Make in India' as an essential requirement.
Jul 17, 2017, 18:41 PM IST
Non-executive chairman can be part of bank's audit committee: RBI
Earlier, any one of the non-executive/non-official directors was supposed to chair the audit committee of the board of the directors of a public sector bank.
Jul 13, 2017, 22:33 PM IST
Low inflation: CEA wants careful look at data by policy makers
The historically low level of retail inflation at 1.54 percent in June reflects the firm and ongoing consolidation of macro-economic stability, Chief Economic Adviser Arvind Subramanian said on Wednesday, suggesting that all policy makers look at data "very, very carefully".
Jul 12, 2017, 20:21 PM IST
Banks may have to take 60% haircut on 12 largest NPAs: Crisil
The strong steps taken by Reserve Bank to resolve NPAs are likely to raise provisioning by a whopping 25 per cent this year as lenders will take up to 60 percent hair cut while resolving these accounts.
Jun 26, 2017, 16:46 PM IST
NPA resolution: PMO to review progress on June 19
The Prime Minister's Office has called a meeting of senior officials of the ministries of finance and corporate affairs on Monday to review the progress in resolution of NPAs in the light of recent action taken by the Reserve Bank on stressed assets.
Jun 16, 2017, 18:51 PM IST
RBI Governor Urjit Patel calls on Jaitley before monetary policy review
Ahead of the next monetary policy review, Reserve Bank Governor Urjit Patel on Friday called on Finance Minister Arun Jaitley and believed to have discussed various macro-economic issues.
Jun 02, 2017, 18:10 PM IST
Despite RBI caution, 2,500 Indians investing in Bitcoins daily
The company said it launched operations in 2015 to simplify bitcoin trade along with providing a seamless experience to Indian audience.
May 17, 2017, 18:42 PM IST
April WPI inflation slips to 3.85% as food prices cool
The index basket of the new series has a total of 697 items, including 117 for primary articles, 16 for fuel and power and 564 for manufactured products.
May 12, 2017, 18:30 PM IST
CPI inflation seen at 4.8% in FY18, fears exaggerated: Report
Since December 2016, WPI inflation is more than CPI inflation, the report said, adding this trend is expected to continue till the fourth quarter of this fiscal.
Apr 18, 2017, 13:56 PM IST
