RBI

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Delhi High Court seeks Centre, RBI's response on surcharge levied on card payments

The notices were issued in response to a plea seeking removal of surcharge and convenience fee, with response sought by August 19.

May 17, 2016

Swamy writes to PM Modi to sack RBI governor Raghuram Rajan

Subramanian Swamy, in his letter to the prime minister, called Rajan "a disruptor of the Indian economy."

May 17, 2016

Raghuram Rajan evinces interest in 2nd term, says there is 'always more to do'

The governor recently said that he had not heard from the government on extension of his term at the central bank.

May 13, 2016

RBI modifies shareholding norms for Indian private banks

Promoters (natural persons) can now hold 15 percent as against 10 percent earlier, according to the amended guidelines issued by the RBI.

May 13, 2016

India's retail inflation snaps easing trend, interest rates seen on hold

Consumer price inflation, which the RBI targets in setting interest rates, rose at a faster-than-expected pace, to 5.39 percent last month.

May 13, 2016

India's bad loans could get worse before better: Report

Increasing provisions by banks to cover for bad loans will hurt profits and stop credit growth, in turn slowing the economy.

May 12, 2016

"We should kick out the RBI governor:" BJP's Subramanian Swamy on Raghuram Rajan

BJP Rajya Sabha MP Subramanian Swamy slammed RBI Governor Raghuram Rajan for his interest rate (repo rate) policy.

May 10, 2016

Fake notes worth Rs. 29.6 crore found in 2015-16

Data released by the finance ministry showed that about 6.3 lakh imitation notes were detected in FY 16, the Hindu reported.

May 9, 2016

Wilful defaulters' list to be made public: RBI governor

Raghuram Rajan said the RBI is working on a mechanism for out-of-court settlement in bad-loan disputes.

May 8, 2016

India's foreign exchange reserves at an all-time high of $363 billion

An increase of $1.52 billion in India's foreign exchange reserves lifted kitty to $363.12 billion, according to RBI's weekly data.

May 6, 2016

RBI includes individuals as eligible promoters for the first time in draft norms for universal bank licences

The Reserve Bank of India (RBI) released the draft guidelines for issuing universal bank licences on continuous ("on tap") basis.

May 5, 2016

India eyes cleanup of bad debt mountain as wary state banks hesitate

India's $121 billion troubled debt pile, over $100 billion of which is on the books of state-owned banks, has come under close scrutiny from prosecutors.

May 5, 2016

State-run banks hit by willful defaulters

The debt owed by willful defaulters rose 138 percent in three years to Rs. 66,190 crore (about $10 billion) by December 2015.

May 3, 2016

India to pay 1.5% interest on $6.5 billion Iran oil dues

Iran requested India to consider compensating it for the losses due to the exchange rate variation.

May 3, 2016

India Inc. raised $4.27 billion in external commercial borrowings during March quarter

The amount raised under the automatic route was $3.73 billion, while the rest was via the approval route, according to RBI data.

Apr 30, 2016

Set up committee to look into PSU banks' write-offs, SC asks govt

A public interest litigation highlighted huge differences in the write-offs reported by banks individually and the RBI.

Apr 26, 2016

J&K minister orders closure of a state corporation formed to facilitate employment for the youth

"It makes no sense to have an organisation doing absolutely nothing," said Jammu & Kashmir Minister for Finance Haseeb Drabu.

Apr 26, 2016

FDI inflows in India topped $51B in April-Feb FY16

India attracted $44.29 billion in foreign direct investments over the same period in 2014-15 and $46.55 billion in 2011-12.

Apr 25, 2016

India's forex reserves hit record high of $360.25 billion

The foreign exchange reserves of India rose $333.7 million in the week ended April 15, according to the RBI data.

Apr 22, 2016

Bandra Kurla Mumbai financial district business district

India dethrones China as world's top FDI destination: Report

India received $63 billion in foreign direct investments in 2015, against China's $56.6 billion, says a report by a Financial Times division.

Apr 22, 2016

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RBI

Delhi High Court seeks Centre, RBI's response on surcharge levied on card payments

Swamy writes to PM Modi to sack RBI governor Raghuram Rajan

Raghuram Rajan evinces interest in 2nd term, says there is 'always more to do'

RBI modifies shareholding norms for Indian private banks

India's retail inflation snaps easing trend, interest rates seen on hold

India's bad loans could get worse before better: Report

"We should kick out the RBI governor:" BJP's Subramanian Swamy on Raghuram Rajan

Fake notes worth Rs. 29.6 crore found in 2015-16

Wilful defaulters' list to be made public: RBI governor

India's foreign exchange reserves at an all-time high of $363 billion

RBI includes individuals as eligible promoters for the first time in draft norms for universal bank licences

India eyes cleanup of bad debt mountain as wary state banks hesitate

State-run banks hit by willful defaulters

India to pay 1.5% interest on $6.5 billion Iran oil dues

India Inc. raised $4.27 billion in external commercial borrowings during March quarter

Set up committee to look into PSU banks' write-offs, SC asks govt

J&K minister orders closure of a state corporation formed to facilitate employment for the youth

FDI inflows in India topped $51B in April-Feb FY16

India's forex reserves hit record high of $360.25 billion

India dethrones China as world's top FDI destination: Report

Time for India to follow suit? France, Germany, Netherlands, US banned use of EVMs [here's why]

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Is exhibiting cleavage mandatory? Malaika Arora opts for low neck sleeveless outfit at event in Vrindavan, leaves netizens furious