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Urjit Patel, governor, RBI

Urjit Patel completes two years as RBI Governor

Patel has been steadfast in maintaining the central bank's independence and in handling the bad loan cases.

3 Sept 2018 9:05 PM IST

Reserve Bank of India

Currency crisis: The rupee dilemma

With no signs of global issues easing up, the experts believe that the rupee may slide further.

9 Sept 2018 6:17 AM IST

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

RBI intervenes to support rupee at 72

That emboldened rupee bears and sent the currency to a record low of 72.11 to the dollar on Thursday.

8 Sept 2018 2:04 AM IST

Rupee has depreciated around 13% in the calend er year accompanied by rising crude oil prices.

India's Rs 1Lakh-crore extra pinch

Weakness in rupee is likely to hit foreign debt obligations, oil imports.

8 Sept 2018 2:03 AM IST

A rural woman after exchanging 500 and 1000 rupee currency notes in a SBBJ branch at Beawar, Rajasthan. (Photo: PTI)

Reserve Bank of India tweak norms for exchange of defective currency

Public can exchange banks mutilated or defective notes at RBI offices and designated bank branches across the country.

7 Sept 2018 6:36 PM IST

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

Current account deficit eases marginally to 2.4 pc of GDP in Q1...

In value terms, the CAD was higher at USD 15.8 billion in April-June this year.

7 Sept 2018 6:15 PM IST

Union Bank of India Ltd reported on Thursday a 25.83 billion-rupee net loss for its fourth quarter.

RBI fines Union Bank Rs 1 crore for delay in fraud detection,...

However, the bank said that the amount of the penalty is not material considering the size of the bank.

7 Sept 2018 3:16 PM IST

Reserve Bank of India keeps the repo rate and reverse repo rate unchanged.

RBI defends 72 rupee per dollar mark strongly: dealers

After briefly slipping to 72.04 to the dollar in early trade, the Indian rupee stayed above the 72 mark for most of the...

7 Sept 2018 1:56 PM IST

Rural banking has been a great hurdle race ever since the government nationalised major commercial banks and mandated them to focus their thrust on villages.

The price of social banking

The IRDP alone accounted for 40 per cent of the losses incurred by commercial banks in rural lending in India.

6 Sept 2018 6:20 AM IST

Indias widening current account deficit coupled with normalisation of loose policy in developed nations and soaring crude oil prices may weaken rupee towards Rs 67/$1 in the fiscal years that begun from April 1.

Indian cos foreign investment decline 36 pc to USD 1.39 bn in July

In June 2018, domestic firms invested in USD 2.07 billion in their ventures located out of India.

4 Sept 2018 5:19 PM IST

Indias retail inflation cooled to a two-year low in November after demonetisation. (Photo: AP/File)

Retail inflation cools to 11-month low of 3.69 per cent in August

The inflation based on Consumer Price Index (CPI) stood at 4.17 per cent in July and 3.28 per cent in August 2017.

12 Sept 2018 6:02 PM IST

With the rupee resuming its fall after a brief period of consolidation, forex participants are not ruling out of the possibility of the rupee weakening further to breach the 70 level mark. (Photo: AP)

'Govt, RBI to do everything to check rupee slide to unreasonable...

The rupee collapsed to a lifetime low of 72.91 against the dollar.

12 Sept 2018 4:13 PM IST