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RBI approves proposal of HDFC for holding 9.9 pc stake in Bandhan Bank

The share swap ratio for the merger will be 568 shares of Bandhan Bank for every 1,000 shares of Gruh Finance.

24 April 2019 8:47 AM IST

The needless controversy between the government and the RBI is a direct consequence of economists without any practical experience in administering policies at a high level being inducted to executive positions.

RBI sets high cut-off at forex swap auction, forward rates jump

The cut-off levels, much higher than the market ones, showed the excess dollar liquidity in the system, dealers said.

24 April 2019 8:36 AM IST

The Indian rupee is totally correlated to the crude prices and as long as the crude remains above $70, the rupee will hold weak.

Rupee drops 32 paise, may stay weak if crude spikes

Central bank to remain on guard to weed out any volatility as elections are going on.

23 April 2019 1:49 AM IST

The Supreme Court also referred to the National Crime Records Bureau Data stating every six hour a woman is raped in the country. (Photo: File | ANI)

PIL in SC seeks to stop loan write-off for political gains

The Supreme Court has been moved for a direction to RBI and other commercial banks not to allow such write off for...

19 April 2019 4:11 AM IST

The Reserve Bank of India on Thursday kept the key policy rate unchanged at 6 per cent for the fourth consecutive time.

Weakening domestic growth impulses prompted RBI for rate cut: Minutes...

Four of the six MPC members had voted in favour of a 25 basis points reduction in the repo rate.

18 April 2019 7:25 PM IST

RBI has moved the NCLAT seeking modification of its order that restrained banks from declaring accounts of IL&FS and its group companies as NPAs.

Banks have to mark IL&FS accounts as NPAs after default: RBI to NCLAT

NCLAT also took on record the information provided by IL&FS about the four amber listed group companies.

17 April 2019 8:53 AM IST

The needless controversy between the government and the RBI is a direct consequence of economists without any practical experience in administering policies at a high level being inducted to executive positions.

RBI says it will issue Rs 50 banknotes signed by Guv Das

All banknotes in the denomination of Rs 50 issued by the Reserve Bank in the past will continue to be legal tender.

17 April 2019 8:31 AM IST

The Reserve Bank of India on Monday fixed the reference rate of the rupee at 64.9287 against the US dollar and 79.6870 for the euro.

Dollar swaps can lower top 500 cos' interest burden by Rs 7000 crore

RBI had on March 26 conducted first of forex swap auctions raising USD 5 billion promising to pay back in rupees in...

16 April 2019 4:28 PM IST

As per the Central Statistics Office (CSO) data inflation in vegetables contracted by 2.19 per cent last month, compared to 7.8 per cent in June.

WPI inflation spikes to 3.18 per cent in March on costlier food, fuel

Inflation in food articles hardened with steep rise in prices of vegetables during March 2019.

15 April 2019 12:26 PM IST

The needless controversy between the government and the RBI is a direct consequence of economists without any practical experience in administering policies at a high level being inducted to executive positions.

RBI net dollar buyer for third straight month in Feb, snaps up USD 825...

The central bank had turned net buyer of dollar for the first time in fiscal 2019 in December 2018, buying USD 607 mn.

14 April 2019 4:28 PM IST

Economic Affairs Secretary Shaktikanta Das

RBI to remain watchful on growth, financial stability: Shaktikanta Das

India's current account deficit is expected to be around 2.5 per cent of GDP in 2018-19.

13 April 2019 11:42 AM IST

Inflation in onion continued to rule high at 42.22 per cent and in potato at 43.25 per cent.

Retail inflation edges up to 2.86 per cent in March on costlier food...

The consumer price index (CPI)-based retail inflation was at 2.57 per cent in February this year.

13 April 2019 9:06 AM IST