01 Oct 2015
New Delhi: Reserve Bank Governor Raghuram Rajan yesterday described Prime Minister Narendra Modi as being "ahead of us" but said his visits abroad need to be backed up with "action on the ground".
30 Sep 2015
Mumbai: Stakeholders across the spectrum were surprised by the higher-than-expected rate cut of 50 basis points announced yesterday by Reserve Bank of India Governor Raghuram Rajan but the classical banker himself declined he was being overtly generous.
30 Sep 2015
Chennai/New Delhi: Microsoft yesterday launched its public cloud services from newly inaugurated local data centres in two states -- Tamil Nadu and Maharashtra -- which will aid business and organisations to fuel inclusive growth and spur innovation.
29 Sep 2015
Mumbai: Reserve Bank Governor Raghuram Rajan today sprang a surprise by effecting a more-than-expected interest rate cut of half a percent to boost the economy and bring down cost of home, consumer and industry loans, a decision that was matched by market leader SBI slashing lending rate by 0.4 percent.
18 Sep 2015
Mumbai: Under pressure to cut interest rates to lower cost of capital, RBI Governor Raghuram Rajan today said keeping inflation low is the key task for sustainable economic growth of the country.
29 Sep 2015
Mumbai: Home and corporate loans will cost less as the Reserve Bank today lowered the key interest rate by 0.50 percent, the biggest cut in over three years to bolster the economy.
15 Sep 2015
Mumbai: With growing concerns over bad loans, the Reserve Bank is looking at the possibility of limiting the number of lenders in a consortium for better oversight of credit, Deputy Governor R Gandhi said today.
19 Sep 2015
Mumbai: Coming down hard on quick fixes like 'jugaad' way of working, Reserve Bank Governor Raghuram Rajan yesterday did some plain speak, saying the key to sustainable growth is strong institutional mechanisms that allow businesses to flourish.
26 Aug 2015
London: A day after a rout in Chinese stocks triggered the biggest ever carnage in Indian markets, RBI Governor Raghuram Rajan yesterday said China is a big country and every adverse development has impacts, even as he warned against overburdening central banks to fix struggling economies.
24 Aug 2015
Mumbai: On a day when the rupee and stock market went down, Reserve Bank of India (RBI) Governor Raghuram Rajan today said India has sufficient foreign exchange reserves to prevent volatility in the currency market.