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Economic Affairs Secretary Shaktikanta Das

SC ruling: RBI to come out with fresh circular on resolution of bad...

Supreme Court had on Tuesday quashed RBI circular that pertains to provisions for referring the defaulter to NCLT.

4 April 2019 1:06 PM IST

GDP stands for Gross Domestic Product.

RBI lowers GDP growth forecast to 7.2 per cent for 2019-20

Higher financial flows to the commercial sector augur well for economic activity, says RBI.

4 April 2019 1:02 PM IST

Banning of letters of undertaking (LoUs) and letters of comfort (LoCs) by the RBI as trade finance instruments is likely to reduce financial flexibility of importers, a Fitch group company said on Wednesday.

Overall credit growth not broadbased, to MSMEs it's muted: Shaktikanta...

Das said the RBI will continue to watch macroeconomic factors and will act timely on the same.

4 April 2019 12:42 PM IST

The retail inflation which is based on the Consumer Price Index (CPI) was 2.33 per cent in November and 5.21 per cent in December 2017.

RBI cuts inflation forecast to 2.9-3 pc for H1 FY20

In its previous policy outcome in February, the RBI had projected retail inflation between 3.2-3.4 per cent for the...

4 April 2019 12:38 PM IST

Shaktikanta Das

RBI cuts key rate by 25 bps to 6 pc to boost economic activitiy

The Monetary Policy Committee (MPC) also decided to maintain the neutral monetary policy stance.

4 April 2019 11:53 AM IST

On Tuesday, the Indian rupee closed the session on a flat note at 69.83 a dollar.

Politics and policy easing to hurt Indian rupee: report

The rupee was the worst performing Asian currency last year.

4 April 2019 10:16 AM IST

Govt, RBI will have to bring new rules: Kant on SC order on NPA...

The ruling came on a petition filed by 34 power companies which alone owe Rs 2.3 lakh crore to banks.

3 April 2019 2:22 PM IST

Senior Congress leader P Chidambaram said that flawed structure and implementation has made GST a bad word among businesspersons, traders, exporters and common citizens. (Photo: Twitter/ANI)

'Wrong policies' of BJP govt broke back of companies: Chidambaram

The apex court also quashed all IBC proceedings initiated by banks under the RBI circular against defaulters.

3 April 2019 10:57 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)

Supreme Court quashes RBI's February 12 circular on one-day default

The court also held that reference under IBC has to be on case-specific basis and with authorisation of the central...

3 April 2019 12:23 AM IST

Under the companys plan, Answers will lower its debt by $471 million, according to documents filed in Manhattans US Bankruptcy Court.

SC order on RBI circular negative for banks, may defer debt resolution

Moody's said the resolution of stressed loans impacted by the circular will be further delayed.

2 April 2019 7:42 PM IST

Supreme Court of India. (Photo: Representational Image)

SC quashing RBI circular to give relief to power cos but delay...

"It's early to say but if banks voluntarily still invoke IBC - the impact will be minimal," said Cyril Shroff of Cyril...

2 April 2019 5:43 PM IST

Reserve Bank of India (RBI) on Thursday directed all payment system operators in India to store data within the country.

RBI begins 3-day meet on monetary policy amidst rate cut hopes

A back-to-back cut in interest rate would provide relief to borrowers in the election season, experts say.

2 April 2019 5:05 PM IST