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The Reserve Bank on Thursday lowered retail inflation target for the first half of current fiscal to 4.7-5.1 per cent on sharp moderation in food price rise and likelihood of a normal monsoon.Business
RBI lowers inflation target for first half of FY19 to 4.7-5.1 pc

RBI had projected inflation in the 5.1-5.6 per cent range in the first half of 2018-19.

5 April 2018 3:35 PM IST

The Reserve Bank of India on Thursday kept the key policy rate unchanged at 6 per cent for the fourth consecutive time.Business
RBI maintains status quo; keeps repo rate unchanged at 6 per cent

The Reserve Bank of India on Thursday kept the key policy rate unchanged.

5 April 2018 3:09 PM IST

Reserve Bank of India keeps the repo rate and reverse repo rate unchanged.Business
RBI keeps key policy rate unchanged at 6 per cent

Growth has been recovering and output gap is closing.

5 April 2018 2:45 PM IST

The RBI move comes at a time when banks already battling near-record levels of soured loans are staring at an increase in stressed assets after a rule change announced in February.Business
State-run bank shares rally after RBI eases bankruptcy provision needs

The banks will need to achieve 50 per cent provision cover for those loans by end-June.

5 April 2018 12:23 PM IST

Indian services sector activity returned to its growth track in March, driven by greater inflows of new work.Business
Services sector back on growth track, job-creation at 7-yr high

Indian services sector activity returned to its growth track in March.

5 April 2018 12:01 PM IST

Market indices opened sharply higher on Thursday, with the Sensex rising 383.96 points to 33,403.03 and the Nifty gaining 124.10 points at 10,252.50.Business
Sensex surges 400 pts ahead of RBI policy, Nifty gains 124 points

The market breadth remained strong.

5 April 2018 10:20 AM IST

The I-T department will launch full-fledged assessment proceedings from January next year against those assessees who have deposited \suspicious\ amounts of money in banks post-demonetisation, but have not filed their income tax returns till now. (Photo: AFP/Representational)India
Nepal to return Rs 950 cr in demonetised cash to improve ties with...

Nepal and India have yet to agree on how to exchange the old Indian bank notes held by individuals and informal sectors.

4 April 2018 8:43 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.Business
LoU ban to impact financial flexibility of importers

The central bank stopped banks from issuing the two instruments for trade credits for imports into India.

4 April 2018 7:32 PM IST

The Monetary Policy Committee (MPC), headed by RBI Governor Urjit Patel, started its 2-day meeting on Wednesday.Business
RBI's Monetary Policy Committee begins discussions, decision on key...

RBI on Thursday will make public the resolution of the MPC.

4 April 2018 4:08 PM IST

Public sector banks (PSBs) wrote off Rs 2.41 lakh crore worth of loans between April 2014 and September 2017, the Rajya Sabha was informed on Tuesday.Business
PSBs wrote off Rs 2.41 lakh crore loans in over 3 years

The Rajya Sabha was informed on Tuesday.

3 April 2018 7:42 PM IST

Bank stocks on Tuesday gained up to 5 per cent.Business
Bank stocks climb up to 5 per cent on RBI move

The move is expected to optically cushion profitability in the near term.

3 April 2018 1:51 PM IST

The Reserve Bank of India (RBI) late on Monday dropped Axis Bank from a list of banks it has cleared to import gold and silver in the current financial year that began April 1.Business
RBI drops Axis Bank from list of bullion importers

It was unclear why Axis, one of India's leading importers of bullion, did not feature in the list.

3 April 2018 12:57 PM IST

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