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FICCI President Rashesh Shah suggested that a rate cut be facilitated in the coming quarters to spur demand and investments.

India's economy big worry for PM Modi, needs stimulus: FICCI

The economy grew 6.6 per cent in the three months to December - the slowest pace in five quarters.

28 May 2019 2:44 PM IST

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

RBI to create specialised supervisory and regulatory cadre

A decision to this effect was taken at a meeting of the Central Board here under the Chairmanship of RBI Governor...

21 May 2019 7:33 PM IST

NITI Aayog Vice chairman Arvind Panagariya

Panagariya recommends aggressive privatisation of public sector...

Among the longer-term reforms, Panagariya recommended reform of labour laws.

21 May 2019 11:50 AM IST

Former Reserve Bank of India governor Bimal Jalan

Better implementation of reforms by next govt needed to ensure job...

The government, Bimal Jalan said, should also take up administrative reforms that are complicated but essential.

20 May 2019 7:57 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's vision document on payment systems to spur digital economy:...

The RBI has said it will implement the approach outlined in the document during the period 2019 - 2021.

19 May 2019 2:04 PM IST

Instead, gold was replaced by the dollar standard, with the proviso that dollars could be exchanged for gold.

Forex reserves up by USD 1.36 bn to USD 420.05 bn

In the previous week, the reserves had increased by USD 171.9 million to USD 418.687 billion.

17 May 2019 7:29 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.

Shadow banks must appoint risk officers: RBI

Banks with more than 50 billion rupees (USD 714 million) in assets must appoint a chief risk officer.

17 May 2019 9:29 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 releases 'Vision 2021' for payment systems for 'cash-lite' society

The Reserve Bank of India will implement the approach outlined in this Vision during the period 2019 - 2021.

16 May 2019 8:29 AM IST

The stock markets will be steered by RBI policy, macroeconomic data points and global trends this week, say experts.

Next government seen relying on RBI rate cuts to spur growth

The two finance ministry officials said the government expects at least another 50 bps cut by August.

15 May 2019 3:38 PM IST

Reserve Bank of India (RBI) deputy governor R Gandhi.

Ex-RBI Deputy Governor appointed as additional director on Yes Bank...

The appointment is for a period of two years with effect from May 14, 2019 to May 13, 2021 or till further orders.

15 May 2019 10:27 AM IST

The credit cost for the banking sector, which was 4.8 per cent in Q4FY18, has reduced to 2.75 per cent to 3 per cent in Q4FY19, going by the bank results declared so far.

Provisioning key theme of bank results in 4th quarter

Credit cost for the banking sector, which was 4.8 per cent in Q4FY18, has come down to 2.75 per cent to 3 per cent in...

15 May 2019 1:55 AM IST

The share price of SBI slumped 3.79 per cent to close at Rs 304.45 as the quarterly numbers were below what the market participants had anticipated.

RBI needs to go for larger rate cut in June: SBI report

RBI had cut the key short-term lending rate (repo) by 25 basis points each in its last two policy reviews.

14 May 2019 8:26 PM IST