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RBI governor Urjit Patel

Reserve Bank of India keeps key policy rate unchanged at 6.50 per cent

The central bank also retained the GDP growth projection for FY19 at 7.4 per cent.

5 Dec 2018 2:41 PM IST

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

RBI likely to keep rates unchanged

The RBI is unlikely to change its policy rate in its forthcoming monetary policy meeting next week.

1 Dec 2018 2:24 AM IST

RBI governor Urjit Patel

MPC to meet for three days from June 4

The MPC was set up by amending the Reserve Bank of India Act, 1934, through the Finance Act 2016.

17 May 2018 11:15 AM IST

Raghuram Rajan has written about his experiences in India as RBI governor in his recently launched book I do what I do. (Photo: PTI)

Former RBI boss Raghuram Rajan says won't apply for top BoE job

Rajan has been mentioned by analysts as a possible future BoE governor after Mark Carney.

17 May 2018 8:56 AM IST

State-owned Punjab National Bank (PNB) has hired lawyers to represent itself in the bankruptcy proceedings of the US-based Firestar Diamond.

PNB scam: RBI declines to share copies of inspection reports

The scam, considered to be the biggest ever fraud in India's history, came to light earlier this year.

14 May 2018 9:24 AM IST

Visiting Venezuelan Foreign Minister Jorge Arreaza said in New Delhi on Monday that Venezuela wants trade with India in oil and other commodities such as food and medicines to be conducted in Indian Rupees and not in US Dollars. (Representational image)

RBI printing more notes to build cash reserves

The new currencies would not be released for circulation, but would be kept as reserves.

14 May 2018 9:12 AM IST

RBI has also reported that the general public has withdrawn Rs. 1,03,316 crore from their accounts either over the counter or through ATMs during this period.

RBI to keep policy rates on hold, maintain neutral stance: report

The central bank's next monetary policy review is scheduled for April 5.

26 March 2018 2:59 PM IST

Subhash Chandra Garg has replaced Shaktikanta Das as economic affairs secretary. (Photo: PTI)

Economy to double to USD 5 trillion by 2025; no risk to inflation...

India's GDP in value terms currently stands at USD 2.5 trillion - making it the sixth largest economy in the world.

26 March 2018 1:58 PM IST

Indias GDP growth forecast for the current fiscal to 7 per cent from 7.4 per cent.

Once hot favourite, India bonds lose their charm for foreign investors

Foreign investors have sold a net $1.12 billion in Indian debt, the strongest monthly outflow since December 2016.

26 March 2018 12:25 PM IST

Former RBI governor Raghuram Rajan on Friday said universities need to be safe spaces. (Photo: AP/File)

No one can be shouted down as 'anti-national' in varsities: ex-RBI guv

Rajan was speaking on the sidelines of announcing the launch of Krea University, which will be devoted to liberal arts...

24 March 2018 10:55 AM IST

RBI governor Urjit Patel

Patel headed MPC to decide on first monetary policy of FY19 on April...

Meeting schedule of the MPC for a year should also be published at least one week before the first meeting in that year.

21 March 2018 3:36 PM IST

PNB has suspended 10 officers over the scam and referred the matter to CBI for investigation. (Photo: PTI)

Tighten regulation over banks, shut loopholes

The finance ministry's mandarins appoint the bank chiefs, so they can't be absolved of responsibility when frauds occur.

20 March 2018 12:15 AM IST