In the last MPC meeting when we took a pause, I don't know why the market was surprised, said RBI Gov Shaktikanta Das.
16 Dec 2019 11:52 AM
The country's reserve position with the International Monetary Fund also increased by USD 15 million to USD 3.644 billion, the data showed.
14 Dec 2019 11:06 AM
RTGS is meant for large-value instantaneous fund transfers, while NEFT is used for fund transfers of up to Rs 2 lakh.
07 Dec 2019 11:26 AM
The RBI reiterated that it would maintain an accommodative stance as long as necessary to revive economic growth.
07 Dec 2019 10:46 AM
The comments come a year after government tagged Bitcoins and other cryptocurrencies illegal and the RBI banned their trade.
05 Dec 2019 5:48 PM
The sharp decline in growth had many analysts assuming the Reserve Bank will deliver a rate cut on Thursday.
05 Dec 2019 1:34 PM
The central bank also revised GDP growth downwards to 5 per cent for 2019-20 from 6.1 per cent projected in its October policy.
05 Dec 2019 12:08 PM
A division bench of Justice S.C. Dharmadhikari and Justice R.I. Chagala was hearing the PILs and writ petitions filed by the PMC Bank depositors.
05 Dec 2019 1:36 AM
The IHS Markit India Services Business Activity Index improved to 52.7 in November from 49.2 in October.
04 Dec 2019 11:33 AM
The economy is expanding well below the rate needed to generate enough jobs for the millions of young Indians.
03 Dec 2019 2:08 PM
Over 17 lakh shares of DHFL were traded on the NSE, while the BSE saw an exchange of 4.51 lakh shares.
02 Dec 2019 4:37 PM
The Gross Domestic Product (GDP) growth was registered at 7 per cent in the corresponding quarter of 2018-19.
29 Nov 2019 6:07 PM
The city-headquartered pureplay mortgage lender becomes the first NBFC/HFC to go for bankruptcy resolution.
29 Nov 2019 4:22 PM
RBI superseded DHFL's board and placed company under an administrator in the wake of governance issues and severe liquidity crisis.
22 Nov 2019 3:02 PM
The apex bank also stated that a largescale wrongdoing has been found in the PMC bank.
19 Nov 2019 4:19 PM
On Friday, the ministry notified the framework for dealing with systemically important FSPs, excluding banks.
19 Nov 2019 9:35 AM
GDP growth plummeted to a six-year low of 5 per cent for the June quarter and is expected to come lower for the September quarter.
14 Nov 2019 4:04 PM
RBI purchased USD 6.514 billion and sold USD 900 million in the spot market, according to a recent RBI data.
13 Nov 2019 9:33 AM
India is also significantly lower in Economic Uncertainty Index when compared globally
12 Nov 2019 5:08 PM
The limit has been increased from Rs 1.6 lakh for urban or semi-urban areas to Rs 2 lakh, the RBI said in a circular.
08 Nov 2019 8:28 PM