RBI

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

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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

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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

Jun 7, 2016

RBI calls for preventive action in banks against cyber threats

The RBI's new frameworks mandate banks to form cyber security policies to assess, monitor, control and prevent vulnerabilities.

Jun 3, 2016

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Modi government hikes minimum support prices for rice; analysts say food inflation could go up

The decision to raise MSP for rice and other crops for this fiscal's kharif crop season has also been welcomed for its "prudent" nature.

Jun 2, 2016

RBI Governor Raghuram Rajan not seeking 2nd term: Report

Kolkata-based Anandabazar Patrika reported that Rajan has requested the prime minister to relieve him of his duties after his tenure ends in early September.

Jun 1, 2016

Lending by state-run banks falls to 12-year low

Public sector banks' share of credit fell by nearly 4 percent during 2015-16, while private banks saw their market share grow for the same period.

Jun 1, 2016

Bad loans of State Bank of India, Punjab National Bank, Bank of Baroda and ICICI Bank now at a staggering $18.5 billion

The net NPAs of SBI, PNB, Bank of Baroda and ICICI Bank have spiked over 100 percent from $8.56 billion at the end of FY2015.

May 27, 2016

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Foreign investors like Indian equities, shun debt

Net equity position of foreign portfolio investors (FPIs/FIIs) is $2.06 billion while it is negative in debt investments.

May 24, 2016

India's foreign exchange reserves decline $968 million to $361 billion

The reserves fell for the second consecutive week, ended May 13, according to RBI data.

May 20, 2016

IDBI Bank reports Rs. 1,736 crore loss for March quarter

A 159 percent spike in provisioning for bad loans led to the bank reporting a loss as against a net profit in the March 2015 quarter.