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The RBI has asked Axis Banks board to re-consider the decision to re-appoint Shikha Sharma as its MD and CEO for a fourth term.

RBI marginally revises upwards inflation forecast

RBI had estimated inflation in the range of 4.7-5.1 per cent in H1; and 4.4 per cent in H2.

6 Jun 2018 3:43 PM IST

The Monetary Policy Committee (MPC), headed by RBI Governor Urjit Patel, started its 2-day meeting on Wednesday.

RBI to announce 2nd bi-monthly Monetary Policy of 2018-19 today

The last rate hike was announced by RBI in January 2014 when the repo rate was increased to 8 per cent.

6 Jun 2018 8:56 AM IST

Reserve Bank Governor Urjit Patel

RBI's interest setting panel continues deliberations for 2nd day

Retail inflation, a key data for RBI, has remained above 4 per cent since November 2017.

5 Jun 2018 3:23 PM IST

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

Reserve Bank of India to hold rates, but June hike now close call

GDP data showed Asia's third-largest economy grew at its fastest pace in nearly two years in the January-March period.

5 Jun 2018 10:29 AM IST

RBI Governor Urjit Patel at a press conference after the monetary policy review meeting in Mumbai. (Photo: PTI)

RBI's interest rate setting panel starts 3-day meet

MPC began 3-day meeting amid speculations that key interest rate may be hiked for the first time after four-and-half...

4 Jun 2018 4:14 PM IST

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

FinMin rejects PNB's Rs 7,000 cr extra capital infusion demand

PNB had received Rs 5,473 crore recap funds last year during the first round of infusion.

4 Jun 2018 9:18 AM IST

Reserve Bank on Thursday tightened the rules to discourage use of virtual currencies like Bitcoins.

Relief for MTC virtual currency holders

According to MTC's revival plan, currency holders will be able to redeem their coins on online shopping portal.

2 Jun 2018 1:05 PM IST

Farmers participate in the race in the belief that participation before ploughing their fields will bring good rain and a better harvest. (Photo: AFP)

Rural demand, farm income set to grow: RBI

Farm sector accounts for about 14 pc of India's $2.6 trillion economy and employs more than half of the country's 1.3 bn...

2 Aug 2018 9:12 AM 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.

RBI retains GDP growth forecast at 7.4 per cent for FY'19

Central has also projected the GDP growth for first quarter of the next financial year at 2019-20 at 7.5 per cent.

1 Aug 2018 3:29 PM IST

A total of eight out of 23 industry groups in the manufacturing sector grew in July 2017 compared to the corresponding month last year.

Mfg sector activity eases in July amid softer increase in output: PMI

This is the 12th consecutive month that the manufacturing PMI remained above the 50-point mark.

1 Aug 2018 11:22 AM IST

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

RBI in a tight spot, is expected to raise rates again

In June, repo rate was raised for the first time in over four years, by 25 basis points to 6.25 per cent.

1 Aug 2018 8:33 AM IST

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

IMF forecasts India's GDP to grow at 7.5 per cent in 2019-20

Current account deficit is projected to widen further to 2.6 pc of GDP on rising oil prices and strong demand for...

9 Aug 2018 9:29 AM IST