RBI

SBI-Brookfield create Fund to tackle India's bad loan problem

The Brookfield-SBI fund may entice other banks to join the corpus or create new funds to invest in the India's stressed assets.

Jul 20, 2016

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Sovereign Gold Bond Scheme: Things to know about the fourth issue that opens on July 18

The fourth tranche (issue) of the Sovereign Gold Bond Scheme will open on July 18, the RBI said on Thursday.

Jul 15, 2016

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RBI panel to assess opportunities, risks from new-age fintech services

The panel will review the scope of technological platforms, their disrupting innovations, market penetration and consumer experiences on adopting these fintech.

Jul 14, 2016

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Arvind Panagariya: A look at Niti Aayog vice-chairman's profile and his views on Modi govt policies

Niti Aayog vice-chairman Arvind Panagariya is tipped to be appointed as RBI governor Raghuram Rajan's successor.

Jul 13, 2016

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High retail inflation diminishes India's rate cut hopes

With prices of sugar, pulses and vegetables seeing double-digit annual increase, food inflation accelerated to 7.79 percent in June.

Jul 12, 2016

Flyers from India can now buy duty-free goods up to Rs. 25,000

The move comes after request by travellers to increase the limit on purchase of goods at airports.

Jul 11, 2016

Phiroz Vandrevala steps down as TCS non-exec director

However, Phiroz Vandrevala, who has worked with TCS since 1982, will continue to head Diligenta, the IT company's UK-based BPO arm.

Jul 10, 2016

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Stressed loans at Indian banks may rise to 8.5% by March 2017, warns RBI

Under a severe stress situation, total bad loans could rise to 9.3 percent in March 2017, the RBI said in its Financial Stability Report.

Jun 28, 2016

Brexit needs greater watch for economies to see larger challenges: Assocham

The charged up political environment could damage the world economy much more than just a few sectoral gains or losses.

Jun 28, 2016

Urjit Patel, Subir Gokarn, Arundhati Bhattarcharya, Rakesh Mohan in race to replace Rajan: Report

While Bhattarcharya heads State Bank of India, Patel is the deputy governor at RBI, a post that Mohan and Gokarn have held earlier.

Jun 27, 2016

Early to gauge Brexit implication on world economy, says RBI Chief

Brexit may have some initial repercussion on the country, but India is relatively on a stronger path, feels Raghuram Rajan.

Jun 25, 2016

India's forex reserves hit record high of $363.83 billion amid market turmoil

Analsyts said FX reserves rose mainly on currency valuations.

Jun 24, 2016

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Brexit: India's market regulators, stock exchanges prop up surveillance to curtail excessive volatility

While the RBI said it maintained a "close vigil" on the referendum's outcome, stock exchanges tightened their vigilance mechanism to curtail any excessive volatility in the markets.

Jun 22, 2016

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India Inc cautious about profit levels, investment prospects: FICCI survey

India's overall business confidence index, however, increased with regard to the outlook on sales, exports and employment.

Jun 20, 2016

Richest Hindu temple Tirupati Balaji to earn Rs. 2,600 crore in revenue this year

The temple trust is expected to receive about Rs. 1,000 crore in offerings by devotees, Rs. 600 crore from sale of tickets and Rs. 800 crore from interest receipts.

Jun 17, 2016

RBI governor faces ghosts of rupee's past

Analysts warn the rupee continues to look vulnerable ahead of September, when dollar term deposits that India raised from citizens abroad in 2013 start to mature.

Jun 16, 2016

India's May retail inflation hits near 2-year high on surging food prices

Retail inflation for the month of May stood at 5.76 percent mainly on account of double-digit increases in food prices.

Jun 13, 2016

Panel to recommend a RBI chief; Govt to apply discretion

The appointment of the Reserve Bank of India governor will follow a panel's recommendation, though government can apply its discretion.

Jun 11, 2016

How RBI Governor Raghuram Rajan views the global economy

Rajan said outlook on emerging market economies remains challenging on account of geo-political tensions and high volatility in financial markets.

Jun 7, 2016

RBI Monetary policy: Rajan holds rate but inflation reference suggests hawkish policy

The unchanged rate signals the prospect of another cut later this year if monsoon rains dampen upward pressure