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Two chit fund group officials arrested in Agartala

Two officials of a chit fund group were arrested, documents seized and the office closed down follow...

Act against cos which raised money through ponzi schemes: BJP

A ponzi scheme is a fraudulent investment operation that gives returns to its investors from their o...

Multiple agencies crackdown on Ponzi schemes, Saradha Group

Investigating wings Sebi, RBI, IT Department and Enforcement Directorate cracked down on Ponzi schem...

Raje demands apology from RBI governor

BJP Rajasthan president Vasundhara Raje on Monday demanded apology from RBI Governor D Subbarao for ...

Youth fires at RBI headquarters in Mumbai, held

A 27-year-old youth was arrested on Tuesday for trying to forced his way into the fortified headquar...

Subbrao urges Govt to spend more on productive purposes

Highlighting the need for govt spending, RBI Gov D Subbarao said future generations should not pay t...

U’khand CM for norm relaxation for opening bank branches

Uttarakhand Chief Minister Vijay Bahuguna sought relaxation in RBI norms for opening of bank branche...

‘Take RBI help in checking terror funding’

The Govt has asked the J&K Police and ED to seek help from the RBI in monitoring transfer of funds m...

Cash flow in poll-bound states: EC writes to RBI

Five states - Uttar Pradesh, Punjab, Manipur, Goa and Uttarakhand - are going to Assembly polls in v...

No excessive salary for Foreign banks CEO’s: RBI

The RBI said CEOs and staff of private and foreign banks cannot draw excessive salary, but it did ...

RBI `text-bookish` to control inflation: Basu

Chief Economic Adviser to the F Min Kaushik Basu on Saturday said the RBI followed conventional me...

BJP criticises increase in repo rate by RBI

BJP asked the Manmohan Singh government to instead go for infrastructure development programmes and...

Bihar is best performing state: RBI study

Contrary to popular belief, a Reserve Bank sponsored study on Friday said Bihar (including Jharkhand...

Housing prices may go up by 5-10%

Housing prices may rise by 5-10 percent in the next 3-6 months as the cost of funds for developers i...

Now pay upto Rs 50,0000 using cell phones

Relaxing the norms for making payments using mobile phones, known as m-wallet, the Reserve Bank toda...

Leading economists welcome RBI measures

Leading economists have welcomed the measures initiated by the Reserve Bank of India Tuesday in rein...

Raising key rates to help contain inflation: Montek

Planning Commission Tuesday endorsed RBI`s hawkish policy of hiking key rates by half a percentage p...

Repo to be reference rate for monetary policy: RBI

In line with international practice, the RBI Tuesday decided to anchor monetary policy through a sin...

Bank loan to MFIs is priority sector lending: RBI

The Reserve Bank today said that loans extended by banks to micro-finance institutions (MFIs) from A...

Tight monetary policy necessary to tame inflation: Pranab

Monetary tightening was required to contain commodity prices, FM said.

RBI raises key policy rates by 0.50% to tame inflation

Faced with stubborn inflation, RBI raised key policy rates by 50 basis points in its annual credit p...

Increase in interest rates could derail country`s growth: SBI

Public sector State Bank of India on Monday said an increase in interest rates could lead to "derai...

Monetary tightening can`t do much about inflation

Higher rates may affect the industrial output which is already lagging.

Managing inflationary pressure biggest challenge: Rangarajan

Managing inflationary pressure-- particularly in foodgrain prices -- is the biggest challenge before...

Economic growth on track, high oil prices a risk: Finance ministry official

India`s economy will grow around 9 percent in the fiscal year that started in April if global crude ...

Headline inflation to average 8.6% in 2011-12: Nomura

India`s headline inflation is likely to remain high this year too, registering an average of 8.6 per...

Food inflation rises to 8.76% on April 16

Food inflation inched up marginally to 8.76 percent for the week ended April 16 on the back of risin...

RBI draft favours freeing of savings banks interest rate

The Reserve Bank said that deregulation of the interest rate on savings banks accounts would benefit...

EC issues letters to RBI, TMC for drafts worth Rs 1.33 crore

The Election Commission has asked the RBI to inquire into the conduct of Allahabad Bank and United ...

RBI`s monetary tightening to adversely affect growth: India Inc

India Inc on Thursday said the continuous monetary tightening by the Reserve Bank will affect "adver...

RBI step to hike key rates in `right` direction: Montek

The Planning Commission on Thursday said the Reserve Bank has taken the "right" step in hiking key p...

Home, auto loans to cost more as RBI tightens policy: Bankers

Home, auto and corporate loans are likely to become expensive in the next fiscal following the RBI`s...

Further rate hike by RBI may hurt growth: Experts

Analysts feel the RBI should not opt for another hike in the calendar year.

Hike in key rates to help moderate prices: Pranab

This is for the eighth time that RBI has raised the key rates since March 2010.

Sensex falls 209 points as RBI hikes key rates

Sensex was red as banking, IT, auto, realty and auto stocks led the fall.

RBI likely to raise policy rates by 25 bps to tame inflation

Faced with stubborn inflation, RBI is likely to raised key policy rates by at least 25 basis points ...

RBI panel for one policy rate to tame inflation, promote growth

A Reserve Bank working group today suggested that the short-term lending rate (repo) be made the sin...

Industrial output growth slows to 3.7% in January

Industrial growth during the Apr-Jan period this fiscal stood at 8.3%.

Inflation in India driven by supply pressures: RBI

Food inflation is largely driven by supply side pressures, RBI Governor said.

Why RBI can cut no ice

It is a strange coincidence that RBI’s last quarterly monetary policy review this fiscal and EGoM me...

RBI needs to rethink on monetary tightening

Slow industrial growth and widening fiscal deficit are prompting the policy makers to take a re-look...

Inflation rises marginally to 8.31 % in February

Inflation rose marginally to 8.31 percent for the month ended February from 8.23 percent in the prev...

Monetary Policy: RBI’s tightrope walk

RBI, in its constant effort to fight inflation, might thus push the repo rate to 6.75 percent from 6...

95% households in NE do not have access to banking

Altogether 95 percent households in North East do not have access to banking services against the na...

RBI Governor appears before PAC on 2G issue

RBI Governor D Subbarao, who was Finance Secretary when the 2G spectrum allocations were made, Thur...

2G: RBI Governor to appear before PAC

Continuing with its examination into the 2G spectrum allocation, Parliament`s Public Accounts Commit...

Multi-pronged policy to address unemployment crisis: Omar

Interacting with the Centre`s job panel headed by former RBI Governor C Rangarajan, Omar said the st...

Govt will "overcome" difficulties to tame inflation: PM

The Reserve Bank of India has been following tight monetary policy to anchor inflationary expectati...

RBI says pulses` shortage driving food prices up

After tightening monetary policy to combat inflation, the RBI has expressed concern at rising prices...

Rs10 polymer bank notes to be circulated by yr-end

Days of soiled, washed, partially torn and mutilated bank notes are numbered.

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