Tag archives for RBI - Page 2
RBI rate cut to drive growth, banks must follow suit, says India Inc
India Inc on Tuesday said the Reserve Bank's move to cut interest rate by is "pro-growth" and exhorted banks to transmit the lower interest rate to borrowers to revive demand…
Maruti shares up over 2% on RBI move
MUMBAI: Shares of Maruti Suzuki rose by over 2 per cent today as the Reserve Bank of India allowed foreign investors to pump in up to 40 per cent of…
RBI gives just over Rs 7,278 crore to Central Bank of Sri Lanka
Sri Lanka Central Bank has received billion dollars from the Reserve Bank of India under the currency swap agreement between the two reserve banks. Consequent to the signing of a…
Property prices must fall: Rajan reads out riot act to real estate wallahs
Raghuram Rajan, the governor of the Reserve Bank of India (RBI), merely stated the obvious when he said today (20 August 2015): "It would be a "great help" if realty…
Devaluing currency a dangerous trend: RBI governor Raghuram Rajan
Reserve Bank of India governor Raghuram Rajan on Thursday cautioned against moves by different countries to depreciate their currencies, saying it was dangerous for the global economy. Speaking at a…
Bharti Airtel, Tech Mahindra Gain After Bagging Payment Bank Licence
Shares of Bharti Airtel and Tech Mahindra rose on Thursday after the companies bagged licences for payment banks. Leading mobile phone network operators Bharti Airtel, Vodafone India and IT services…
Reserve Bank to transfer Rs 65,896 crore surplus to Centre
The Reserve Bank of India will transfer its surplus profit of Rs 65,896 crore to the Centre, which is about 25% more than the amount given last year. "The Central…
RBI keeps repo rate unchanged at 7.25%; CRR unchanged
MUMBAI: Reserve Bank of India Governor Raghuram Rajan kept interest rates unchanged as expected but raised hopes of a reduction before the end of the year if the monsoon maintains…
RBI keeps key policy rates unchanged
MUMBAI: The Reserve Bank of India on Tuesday kept the key policy rates unchanged even as it retained the growth target for 2015-16 at per cent. The repo rate has…
RBI Likely to Cut Rate by 0.25% on Tuesday: Moody’s Analytics
New Delhi: Research firm Moody's Analytics on Monday said the Reserve Bank is likely to cut the benchmark rate by per cent in its monetary policy review on Tuesday as…
IDFC gets RBI nod for starting banking operations
NEW DELHI: Infrastructure financing firm IDFC Ltd today said the Reserve Bank of India (RBI) has granted banking licence to IDFC Bank for undertaking banking business in the country. "The…
Banks can factor export receivables to cheer cash flow: RBI
The Reserve Bank on Thursday allowed banks to factor export receivables on a non-recourse basis, so as to enable exporters to improve their cash flow and meet their working capital…