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The RBI has asked Axis Banks board to re-consider the decision to re-appoint Shikha Sharma as its MD and CEO for a fourth term.360 Degree
RBI's journey from rubber stamp to a fairly autonomous body

The RBI was set up as a privately owned and managed entity.

4 Nov 2018 12:00 AM IST

Prime Minister Narendra Modi. (Photo: Twitter | ANI)Business
Why PM Modi wants to increase control over the RBI

Govt has made repeated calls for RBI to hand over more money from the RBI's reserves to help fund its fiscal deficit.

2 Nov 2018 10:42 AM IST

Though Dubai depends less on oil income, fluctuations in crude oil prices have affected all sectors of its economy. The slowdown took its toll on the small and unorganised sectors in the form of unpaid outstanding dues for companies, unpaid wages for workers and large scale job losses.Business
India will pay in rupees for Iran oil post-US sanctions

The Reserve Bank of India (RBI) has given its nod to Iranian Bank Pasargad to set up a branch in Mumbai.

1 Nov 2018 10:48 AM IST

RBI governor Urjit PatelIndia
RBI chief should work with govt or quit: RSS economic wing head

Ashwani Mahajan is chief of the RSS's Swadeshi Jagran Manch (SJM) economic group.

1 Nov 2018 8:10 AM IST

The positive momentum was also reflected in the foreign exchange market with the Rupee rallying to an 18-month high against the US Dollar.Business
Foreign exchange reserves scale new high of USD 414.784 billion

As per data issued by RBI, reserves saw a spike of USD 959.1 million during aforementioned time period.

27 Jan 2018 11:21 AM IST

The capital infusion of public sector banks is a \big bang reform\ that will support credit growth and job creation, says SBI research report. (Photo: PTI)Business
Small finance, payment banks to expand pension scheme outreach

As on January 23, 2018, there are more than 84 lakh subscribers registered under the APY scheme.

27 Jan 2018 10:57 AM IST

DSK developers owe around Rs 200 crore to investors.Metros
Will put you behind bars in no time: Bombay HC to DSK

DSK developers said that they have the money but in USD and so they are waiting approval from the RBI.

26 Jan 2018 6:28 AM IST

Finance Minister Arun Jaitley said the new process would be finalised in the next meeting of the GST Council after a written formulation is circulated to the states. (Photo: Twitter | ANI)Business
Jaitley likely to address Sebi, RBI boards on Feb 10

Finance Ministry to do away with securities transaction tax and abolish dividend tax for growth of capital markets.

22 Jan 2018 9:56 AM IST

Reserve Bank of India, RBI, is a banking regulator. It also calculates and fixes repo rate. (Photo: AFP)Business
Mauritius largest source of FDI in India, says RBI

Ratio of market values of inward to outward direct investment, increased to 4.3 in March 2017 from 3.6 a year ago.

20 Jan 2018 11:46 AM IST

Indias forex reserves have shot up considerably.Business
Forex reserves at new record high of USD 413.825 billion

The country's reserve position with the Fund also increased by USD 9.3 million to USD 2.048 billion.

20 Jan 2018 10:46 AM IST

Rs 10 coins (Photo: PTI)Business
All 14 types of Rs 10 coin valid, legal tender: RBI

RBI has also asked banks to accept coins for transactions and exchange at all their branches.

17 Jan 2018 3:27 PM IST

The RBI has always said monetary policy should be accompanied by fiscal policy if the wheels of the economy are to be greased. (Photo: PTI)Business
Bonds fall after RBI deputy says banks face high interest rate risk

Benchmark 10-year bond yield was at 7.54 per cent, up 10 basis points on the day.

16 Jan 2018 12:39 PM IST

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