Patra will serve as the deputy governor for three years from the time of his appointment.
14 Jan 2020 12:11 PM
The RBI bought USD 7.46 billion and sold USD 530 million in the market in November.
13 Jan 2020 12:30 PM
Reserve Bank of India approved a 1.76 trillion rupees (USD 24.8 billion) dividend payment to the federal government
11 Jan 2020 10:57 AM
Cash Management Bills are short term bills issued by the central government to meet its immediate cash needs.
10 Jan 2020 1:09 PM
India’s annual consumer inflation rose to 6.20 per cent in December from November’s 5.54 per cent.
09 Jan 2020 1:00 PM
Market participants broadly expect the government to announce a 0.4 per cent-0.6 per cent slippage in fiscal deficit.
04 Jan 2020 12:29 PM
Indian banks have shifted towards the retail market in recent years in response to a rise in soured corporate loans.
25 Dec 2019 10:49 AM
The six-member MPC had kept the repo rate unchanged on December 5 despite moderation in economic growth and easing inflation.
19 Dec 2019 7:37 PM
In the last MPC meeting when we took a pause, I don't know why the market was surprised, said RBI Gov Shaktikanta Das.
16 Dec 2019 11:52 AM
The country's reserve position with the International Monetary Fund also increased by USD 15 million to USD 3.644 billion, the data showed.
14 Dec 2019 11:06 AM
RTGS is meant for large-value instantaneous fund transfers, while NEFT is used for fund transfers of up to Rs 2 lakh.
07 Dec 2019 11:26 AM
The RBI reiterated that it would maintain an accommodative stance as long as necessary to revive economic growth.
07 Dec 2019 10:46 AM
The comments come a year after government tagged Bitcoins and other cryptocurrencies illegal and the RBI banned their trade.
05 Dec 2019 5:48 PM
The sharp decline in growth had many analysts assuming the Reserve Bank will deliver a rate cut on Thursday.
05 Dec 2019 1:34 PM
The central bank also revised GDP growth downwards to 5 per cent for 2019-20 from 6.1 per cent projected in its October policy.
05 Dec 2019 12:08 PM
A division bench of Justice S.C. Dharmadhikari and Justice R.I. Chagala was hearing the PILs and writ petitions filed by the PMC Bank depositors.
05 Dec 2019 1:36 AM
The IHS Markit India Services Business Activity Index improved to 52.7 in November from 49.2 in October.
04 Dec 2019 11:33 AM
The economy is expanding well below the rate needed to generate enough jobs for the millions of young Indians.
03 Dec 2019 2:08 PM
Over 17 lakh shares of DHFL were traded on the NSE, while the BSE saw an exchange of 4.51 lakh shares.
02 Dec 2019 4:37 PM
The Gross Domestic Product (GDP) growth was registered at 7 per cent in the corresponding quarter of 2018-19.
29 Nov 2019 6:07 PM