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Raghuram Rajan had cautioned the government that short-term costs of a radical ban of high-value currency notes would outweigh the long-term benefits. (Photo: AP) (Photo: PTI)

India

Ex-RBI chief Rajan says had warned govt of demonetisation: report

Rajan also said that demonetisation had a disruptive impact on the economy.

3 Sept 2017 8:34 PM IST

As per the data released by the Reserve Bank of India on Wednesday, about Rs 15.28 lakh crore worth of demonetised notes of Rs 500 and Rs 1,000 made its way back to them by way of deposits by public. (Photo: Wikipedia)

Life

Demonetisation: A hit or a miss?

We get celebrities to give their take on a current issue each week and lend their perspective to a much-discussed topic.

3 Sept 2017 12:14 AM IST

Business

GDP growth at 5 pc under old series; analysts cut FY18 estimates

GDP growth in the first quarter of 2017-18 was lower than 6.1 per cent.

1 Sept 2017 6:17 PM IST

Union Minister for Finance, Defence and Corporate Affairs, Arun Jaitley briefs a press conference after a Cabinet meeting in New Delhi. (Photo: AP)

Opinion

RBI's note ban report: Who'll be accountable?

Finance minister Arun Jaitley's jubilation certainly indicates that he's not on the same page as the RBI's figures.

1 Sept 2017 12:08 AM IST

$With multiple agencies probing the alleged Rs 13,000-crore fraud at state-run Punjab National Bank, the Reserve Bank of India (RBI) says it has conducted its scrutiny and the matter is currently under examination for \enforcement action\.$ India

RBI-Centre clash, govt reportedly upset with bank for making rift...

RBI Deputy Governor Viral Acharya warned that undermining a central bank's independence could be 'potentially...

30 Oct 2018 10:19 AM IST

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.

Opinion

Govt cannot use RBI as piggy-bank

The government is also peeved that the banks have become less forbearing in tackling non-performing assets.

30 Oct 2018 4:57 AM IST

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

Business

RBI employees association seek central bank's autonomy: Viral Acharya

Govts that do not respect central bank's independence would sooner or later incur the wrath of the financial markets.

29 Oct 2018 2:27 PM IST

Opinion

RBI should be autonomous

The government also had its differences with RBI governor Raghuram Rajan and that was why, it is said, he was not given...

23 Oct 2018 12:03 AM IST

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

Business

Reserve Bank of India highlights inflation spike risk, signal rate...

Five of six MPC members had voted for keeping rates on hold at 6.50 per cent, surprising most economists.

22 Oct 2018 9:03 AM IST

$Midsize private sector lender Yes Bank is aiming to evolve itself into a \technology company in the business of banking\ and has accordingly announced a rejig of its senior management.$ Business

RBI directs Yes Bank to appoint successor to Rana Kapoor by February 1

Reserve Bank has refused to give an extension to Yes Bank MD and CEO Rana Kapoor.

17 Oct 2018 5:12 PM IST

Technology

RBI lays out rules to make mobile wallet payments seamless

Digital wallet companies, if they so desire, can now use a state-backed payments network.

17 Oct 2018 7:24 AM IST

Business

RBI sticks to October 15 deadline for data localisation in public...

The central bank in April gave six months time to global payment companies to store transaction data of Indian customers...

14 Oct 2018 1:05 PM IST