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Finance Ministry

PMO asks FinMin to conduct detailed study on issuance of overseas...

India's sovereign external debt-to-GDP level is among the lowest globally at less than 5 per cent.

26 July 2019 9:11 AM IST

Governor Shaktikanta Das

RBI to cut rates again in August as doves prevail: Report

India is now forecast to grow in the range of 6.3 per cent to 7.2 per cent each quarter through to end-March 2021.

25 July 2019 11:48 AM IST

One of the most important sectors from which bank generate its income is through the Home Loan department.

How SBI, ICICI Bank cut MCLR will affect your home loans EMIs? read

A cut of 5-10 bps will not take down home loan interest rate instantly for the existing home loan borrower.

24 July 2019 1:21 PM IST

Deputy governor Viral Acharya today said the switch to GDP is mainly to conform to international standards.

RBI rejigs portfolios of deputy governors following Acharya's exit

The RBI, headed by Governor Shaktikanta Das, has four deputy governors.

24 July 2019 10:18 AM IST

Digital finance also offers major technological and infrastructure challenges. Sparse populations, inconsistent network coverage, insufficient capital for building new business models and customers lack of trust and comfort with technology can stand in the way of success, particularly in remote or undeserved communities.

India is making rapid strides in digital finance

In contrast to digital financial systems, physical channels are prohibitive for even low-income populations.

24 July 2019 1:55 AM IST

Outspoken Dy Governor Viral Acharya ends his RBI stint

Acharya will be most remembered for speaking his mind on protecting the autonomy of the RBI.

23 July 2019 8:03 PM IST

Deputy governor Viral Acharya today said the switch to GDP is mainly to conform to international standards.

Rise in government borrowing can weigh on corporate sector: Acharya

Acharya is leaving the central bank on Tuesday, six months before the scheduled end of his term in office, citing...

23 July 2019 9:15 AM IST

Taking cognisance of the risks associated in dealing with bitcoin and other such VCs, the RBI decided that, with immediate effect, entities regulated by it shall not deal with or provide services to any individual or business entities dealing with or settling VCs.

Inter-ministerial group suggests ban on cryptocurrencies in India

The panel also suggested a draft legislation -- Banning of Cryptocurrency & Regulation of Official Digital Currency...

22 July 2019 7:17 PM IST

Shaktikanta Das on Tuesday was appointed as the new governor of the Reserve Bank of India, a day after his predecessor Urjit Patel resigned. (Photo: File | PTI)

Das says change in stance as good as additional 25-basis-point rate...

RBI has cut rates by 75 bps since the start of 2019, banks have only eased their key lending rate by 15-20 bps.

22 July 2019 2:26 PM IST

Shaktikanta Das

Shaktikanta Das meets PSB heads, reiterates call for faster...

At the June policy announcement, Das had said banks had passed on only 21 bps of the 50 bps rate cuts.

20 July 2019 10:54 AM IST

Forex reserves may hit the USD 400-billion mark by the week to September 8, 2017, says a report. Photo: PTI

First time in a month, forex reserves fall by USD 1.11 billion

The country's reserve position with the fund also declined by USD 1.5 million to USD 3.345 billion.

20 July 2019 9:46 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.

Jalan panel finalises report on RBI capital; surplus transfer to govt...

The panel has finalised its report and no further meeting will take place, sources said after the meeting concluded...

17 July 2019 2:18 PM IST