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Indias GDP slowed down to 5.7 per cent on the back of demonetisation and GST. Photo: AP

RBI should have cut interest rate to boost growth: India Inc

Industry argues rate cut would have propelled demand as interest rates remain unduly high.

4 Oct 2017 6:14 PM IST

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.

RBI signals end to easing cycle, low rate regime

Central bank in its Feb 8 policy meet changed its stance to neutral from accommodative, stunning bond investors.

9 Feb 2017 11:12 AM IST