19 Dec 2014
New Delhi: In a scathing criticism of the RBI, covering the tenure of previous two governors, the mid-year economic analysis on Friday said that monetary policy lost its credibility between 2007 and 2013.
11 Dec 2014
New Delhi: State-run Bank of Maharashtra on Thursday announced a cut of 0.15 percentage point in its minimum lending rate or base rate to 10.25 percent, a move which will make its housing and auto loan cheaper.
16 Dec 2014
New Delhi: Private power utility Tata Power on Tuesday announced commissioning of the remaining 8 MW of the 32 MW wind farm at Girijashankarwadi in Maharashtra. "With this commissioning, Tata Power’s total wind generation capacity stands at 470.6 MW," the company said in a statement. The wind farm is expected to generate approximately 62 million units (MUs) per year which will be procured by Tata Power-Distribution towards fulfilment of its Renewable Purchase Obligations (RPO).
15 Dec 2014
Mumbai: To revive stalled plans and help banks tide over mounting bad loans, the RBI on Monday eased norms for structuring of existing long-term project loans to infrastructure and core industries.
15 Dec 2014
New Delhi: The Reserve Bank of India is likely to cut policy rates by 50 basis points starting from the second quarter of 2015, as base effects for industrial production and inflation normalise over the coming months, a report says.
13 Dec 2014
New Delhi: Unfazed by criticism that central bank is keeping interest rates high, RBI Governor Raghuram Rajan said the role of regulators is not to boost the Sensex.
08 Dec 2014
New Delhi: To make online transactions easier, the Reserve Bank will soon come out with single authentication payment norms for low value e-commerce transactions without any compromise on security.
10 Dec 2014
Mumbai: Maharashtra has the highest share -- over 16 per cent -- in the motor insurance premium (own damage category) of about Rs 17,098 crore collected as of 2012-13 in the country, whereas Gujarat tops in terms of annual growth rate, an Assocham study said.
12 Dec 2014
New Delhi: Public sector lender Bank of Maharashtra will raise up to Rs 1,000 crore by issuing Basel III-compliant Tier-I bonds.
08 Dec 2014
New Delhi: The Reserve Bank on Monday said US-based controversial cab operator Uber is complying with the Central bank norm with regard to payment systems.