Reserve Bank of India
- Business
Inflation to remain high for coming months: Economic review
New Delhi: Alhough domestic consumption and investment demand are expected to continue driving growth, global uncertainty and domestic disruptions may keep inflationary pressures elevated for the coming months, warranting greater vigilance by…
- Business
Reserve Bank issues fresh norms for personal loans
Mumbai: The Reserve Bank on Friday asked banks to provide fixed interest rate option to individual borrowers and directed the lenders to levy only reasonable penalty charges in case of default in…
- India
RBI bars banks from levying penal interest
Mumbai: Concerned over the practice of banks and Non-Banking Financial Companies (NBFCs) using penal interest as a revenue enhancement tool, the Reserve Bank on Friday came out with modified norms, under which…
- India
RBI may continue with the incremental CRR provision
New Delhi: There is a high probability that the Reserve Bank of India (RBI) might continue with the incremental CRR announced on August 10, which is expected to be reviewed on September…
- India
RBI retains repo rate at 6.5 percent
Chennai: As predicted by economists, the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) did not change the repo rate from 6.50 percent. Announcing the decision of the MPC…
- India
RBI won’t revise repo rate, decision to be unanimous: Economists
Chennai: Despite food inflation and existance of continued geo-political and climate risks, the Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) will not change the interest rate from the current 6.5…
- Business
GST collection, devolution a success story in NE: Sitharaman
Guwahati: The North Eastern states have scripted a success story in the collection and devolution of the Goods and Services Tax (GST), Union Minister for Finance and Corporate Affairs Nirmala Sitharaman said…
- Business
J Swaminathan takes charge as RBI Deputy Governor
New Delhi: Top banker J. Swaminathan on Monday took charge as the Deputy Governor of Reserve Bank of India (RBI). The government on June 21 had appointed him to the post of…