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There are allegation that from November 15 to November 18, the bank manager had issued 149 demand drafts for amounts less than Rs 50,000 in favour of a Pune-based finance company in violation of RBI guidelines.

Business

RBI likely to increase interest rate: Nomura

RBI MPC minutes suggest hawkish stance to continue.

22 April 2017 3:34 AM IST

RBI Governor Urjit Patel at a press conference after the monetary policy review meeting in Mumbai. (Photo: PTI)

Business

MPC minutes reveal a strong case for rate cut in August: Analysts

Earlier this month, the RBI in its MPC meet had left the key repo rate unchanged at 6.25 per cent.

22 Jun 2017 1:31 PM IST

Business

Repo rate: No premature policy action; Patel says RBI to wait for data

Urjit Patel also underlined the need for resolution of stressed assets of banks and timely recapitalisation of PSU...

22 Jun 2017 12:04 PM IST

Indias GDP growth forecast for the current fiscal to 7 per cent from 7.4 per cent.

Business

India's GDP growth to rise to 7.5 pc in 2018: Morgan Stanley

RBI in its fifth bi-monthly review for current fiscal on Dec 6, kept repo rate unchanged at 6 per cent.

8 Dec 2017 11:59 AM IST

Business

Fed raises interest rates, keeps 2018 policy outlook unchanged

US central bank to raise rates by a quarter of a percentage point to a range of 1.25 per cent to 1.50 per cent.

14 Dec 2017 11:07 AM IST

Arun Jaitley said, the reservation formula for the Patel community is legally and constitutionally untenable. (Photo: PTI)

Business

Q2 growth marks reversal of declining trend: Jaitley

Indian economy bounced back from a 3 year low to expand by 6.3 pc in July-Sept compared to 5.7 pc in April-June.

12 Dec 2017 9:51 AM IST

WPI inflation, which reflects the annual rate of price rise, has risen for the second straight month, notwithstanding the cash crunch following demonetisation.

Business

India November inflation likely exceeded RBI's 4 per cent target

Higher inflation rate is unlikely to push the Reserve Bank of India (RBI) to change its key rate any time soon.

11 Dec 2017 12:58 PM IST

RBI has also reported that the general public has withdrawn Rs. 1,03,316 crore from their accounts either over the counter or through ATMs during this period.

Business

Monsoon to good news for rural demand, RBI may cut rate: BofAML

Despite inflation moderating sharply in April, the Monetary Policy Committee had decided to leave policy rates unchanged...

19 Jun 2017 5:54 PM IST

The government last year relaxed FDI norms in over a dozen sectors

Business

IT hubs to attract FDI in office realty

According to it, the Asia-Pacific region is likely to attract investment to the tune of $611 billion.

28 April 2017 12:37 AM IST

$Regarding the new GST timeline of July 1, the report said \this is in line with our base case that the GST would be implemented between April and September 2017\.$ Business

GST will help lower inflation, claims Hasmukh Adhia

These all taxes take the total incidence of tax on such a good to 32 per cent.

26 April 2017 12:57 AM IST

Business

Will RBI go for a 50 bps rate cut today?

Though a 25 bps cut is highly likely, industry and market hope for a 50 bps rate cut due to demonetisation.

6 Dec 2016 11:15 AM IST

Business

WPI inflation falls to 3.15 per cent in November

Retail inflation dropped last month to 3.63 per cent from 4.20 per cent in October.

14 Dec 2016 12:36 PM IST