22 Jan 2014
Patna: HDFC Bank on Wednesday organized 10 coin exchange melas (fairs) across Patna in line with the Reserve Bank of India’s ‘Clean Note Policy’.
04 Oct 2016
New Delhi: RBI Governor Urjit Patel on Tuesday announced a sharp cut in repo rates by 25 bps to 6.25% and made no changes in the Cash Reserve Ratio (CRR) at 4%.
02 Feb 2016
Mumbai: The Reserve Bank of India today announced its sixth bi-monthly monetary policy review. RBI Governor Raghuram Rajan left the key policy rate unchanged but indicated at accommodative stance saying with 'inflation moving closer to the target' there would be more room for rate cut to support growth. Following are the highlights of the monetary policy statement:
07 Jun 2016
New Delhi: With inflation rearing its head again and global crude oil prices inching up, the Reserve Bank is likely to maintain the status quo on interest rates today at its bi-monthly monetary policy review for the current fiscal, say experts.
22 Aug 2016
Mumbai: The appointment of Urjit Patel as the next Reserve Bank of India's governor signals policy continuity, although there is no immediate impact on sovereign ratings, credit rating agencies said on Sunday.
08 Aug 2016
Mumbai: Raghuram Rajan will on Tuesday conduct what will be his last monetary policy update for the Reserve Bank of India (RBI) and also, perhaps, the last that a central bank governor can henceforth undertake independently.
03 Mar 2016
Washington: Amid widespread expectations that RBI may further cut interest rates, the International Monetary Fund has said the Central Bank may require a 'tight monetary stance for longer'.
28 Jun 2016
New Delhi: In a sweeping change, government yesterday enforced a law for setting up a broad-based, 6-member committee that is likely to decide on interest rate at the next monetary policy in August, with RBI Governor having a casting vote in case of a tie.
30 Jun 2016
New Delhi: Reserve Bank of India (RBI) Governor Raghuram Rajan met Union Finance Minister Arun Jaitley today, following the government this week notifying the rules for setting up the RBI's Monetary Policy Committee (MPC) to decide on interest rates.
09 Nov 2016
New Delhi: PM Modi's announcement about demonetising Rs 1000 and Rs 500 currency notes has been hailed as a 'bold step'. But it has also created a wave of confusion among people.