RBI cautions against hasty overhaul of financial regulation
The governor of the Reserve Bank Of India (RBI) said on Tuesday the finance ministry and the central bank agreed on the need for a separate public debt management office, but cautioned against moving in haste to overhaul financial regulation.
Jun 02, 2015, 12:36 PM IST
RBI credit policy review: Key highlights
Following are the highlights of RBI's second bi-monthly monetary policy statement for 2015-16:
Jun 02, 2015, 12:01 PM IST
Will announce at least one set of bank license by August end, says Raghuram Rajan
Reserve Bank Governor Raghuram Rajan on Tuesday said that the central bank will soon bring a set of bank license by August this year.
Jun 02, 2015, 11:19 AM IST
RBI cuts interest rates by 0.25%; EMIs on home, auto loans to come down
Rajan, who had focused on quelling inflation since taking office in September 2013, lowered the benchmark repo rate to 7.25 percent from 7.50 percent.
Jun 02, 2015, 08:24 AM IST
This time, RBI may cut rate to spur investment: Bankers
"We have surplus liquidity in the system as there has not been much credit offtake. So, repo window does not give banks any advantage as we don't borrow from banks at this point. So, the CRR window helps us bring down cost of funds. We expect and will request 0.5 percent cut in CRR, which would release about Rs 40,000 crore into the system," Bhasin added.
Jun 01, 2015, 14:47 PM IST
RBI likely to cut rates for third time this year as inflation eases
India is the fastest-growing major economy in the world, outstripping China, but economists say the data is not consistent with other indicators showing slack in Asia`s third largest economy.
Jun 01, 2015, 13:24 PM IST
India Inc. urges RBI to cut key lending rates
Ahead of the Reserve Bank of India's (RBI) bi-monthly monetary policy review, industry lobby Federation of Indian Chambers of Commerce and Industry (FICCI) on Sunday urged the apex bank to cut key lending rates and ease the monetary policy.
May 31, 2015, 22:51 PM IST
RBI may cut policy rate to spur investment: Bankers
Industry and bankers are hopeful of a rate cut as the government has also been able to rein in fiscal deficit within 4 per cent of GDP in 2014-15 providing room for easing of monetary policy.
May 31, 2015, 12:20 PM IST
Nirmala for rate cut by RBI, affordable credit to industry
Ahead of the RBI's monetary policy review, the government on Saturday "strongly" pushed for interest rate cut saying availability of affordable credit was necessary to boost manufacturing.
May 30, 2015, 21:44 PM IST
Government requests RBI to cut interest rates
With the Reserve Bank of India`s second bi-monthly monetary policy review of this fiscal coming up, the government on Saturday strongly urged central bank Governor Raghuram Rajan to cut interest rates.
May 30, 2015, 21:31 PM IST
BNP Paribas sees ideal conditions for 0.25% rate cut on June 2
Stating that conditions are ideal for rate cut, French brokerage BNP Paribas on Thursday said a 0.25 percent reduction can help discussions between the central bank and the Finance Ministry on setting up of inflation targeting panel.
May 28, 2015, 18:36 PM IST
Rajan meets Jaitley ahead of monetary policy next week
Amid growing demand for rate cut, Reserve Bank Governor Raghuram Rajan on Wednesday met Finance Minister Arun Jaitley and discussed a wide range of issues.
May 27, 2015, 18:26 PM IST
Hopeful that RBI will cut rates on June 2: Sinha
Asserting that the radical steps taken by Modi government has provided macroeconomic stability in the past one year, Union Minister of state for Finance Jayant Sinha on Tuesday expressed hope that RBI will cut interest rates in its upcoming monetary policy review.
May 26, 2015, 18:51 PM IST
CEA pitches for rate cut by RBI, competitive rupee
Citing low inflation and under control fiscal deficit, Chief Economic Advisor Arvind Subramanian on Tuesday pitched for a rate cut by the Reserve Bank at its monetary policy review meeting next week.
May 26, 2015, 18:32 PM IST
FM Arun Jaitley expects RBI to cut rate
Ahead of RBI's second bi-monthly monetary policy review, Finance Minister Arun Jaitley Sunday said his "expectation" from Governor Raghuram Rajan was the same as general expectation on an interest rate cut.
May 17, 2015, 14:49 PM IST
Sensex rallies 402 points on RBI rate cut hopes, Nifty above 8,300-mark
BSE Sensex jumped by 402 points Monday to close at over two-week high of 27,507.30, led by gains in banking and auto stocks, on hopes of RBI rate cut ahead of inflation and IIP data release.
May 11, 2015, 17:03 PM IST
RBI rate cut: Rajan went against opinion of advisors on policy rate
Reserve Bank Governor Raghuram Rajan kept the policy rate unchanged earlier this month, despite a majority of seven external advisors to the RBI board favouring a cut of up to 0.5 percent, the central bank said Wednesday.
Apr 29, 2015, 23:20 PM IST
No rate reduction by 70 banks despite two cuts by RBI
As many as 70 banks, including 23 public sector lenders, have not passed on the benefits to their consumers from RBI's two rate cuts so far in 2015.
Apr 28, 2015, 18:03 PM IST
SBI cuts lending rate by 0.15% to 9.85%, effective April 10
State Bank of India on Tuesday cut its lending rate by 15 basis points to 9.85 percent effective April 10.
Apr 07, 2015, 18:37 PM IST
Raghuram Rajan, top bankers exchange barbs over interest rates
Severely critical of banks not passing interest rate cut to borrowers, Rajan said the liquidity position was strong and there was no reason for banks not to cut lending rates.
Apr 07, 2015, 17:08 PM IST
