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Govt respects RBI's autonomy and independence: Finance Ministry

Govt respects RBI's autonomy and independence: Finance Ministry

A day after the employee unions of the Reserve Bank of India expressed their resentment against alleged interference of the government in the central bank`s affairs, the Finance Ministry on Saturday said that it fully respects its autonomy.

Sri Lanka needs to maintain competitive exchange rate: Central Bank

Sri Lanka needs to maintain competitive exchange rate: Central Bank

Sri Lanka needs to maintain a competitive exchange rate that would promote exports and not allow an over-valuation of the rupee that may reduce export competitiveness, the country's Central Bank has said.

RBI cautions against fake notifications, instructions on social media

RBI cautions against fake notifications, instructions on social media

In wake of several notifications and instructions circulated in the name of Reserve Bank of India (RBI) on social media by some unscruplous elements post November 8 demonetisation move, the Central Bank has issued a notice on its website advising people to remain cautious.

RBI allows banks to deposit Rs 500, Rs 1,000 notes in district chests

RBI allows banks to deposit Rs 500, Rs 1,000 notes in district chests

The Reserve Bank of India (RBI) has allowed lenders to park old 500 and 1,000 rupee currency notes in currency chests at the district level in view of mounting deposits due to the ongoing domonetisation drive.

Bank of England Governor Mark Carney likely to leave in 2018: Media

Bank of England Governor Mark Carney likely to leave in 2018: Media

Bank of England Governor Mark Carney is unlikely to take up the option of a three-year extension to his term at the central bank, and may announce his decision as soon as Thursday, British newspapers reported at the weekend.

Fed keeps rates steady: What's next?

Fed keeps rates steady: What's next?

Providing respite to the emerging markets once again, the US Federal Reserve maintained status quo with interest rates on Wednesday. Nevertheless, Fed indicated that the rates can be hiked by the year end if the labour market improves.

Moderating retail inflation raises rate cut hopes: Ind-Ra

Moderating retail inflation raises rate cut hopes: Ind-Ra

The sharp fall in retail inflation in August has increased the chances of monetary easing by the central bank, India Ratings and Research (Ind-Ra) said .

Change of guard at RBI: Patel's tenure begins

Change of guard at RBI: Patel's tenure begins

Mumbai: In a low-key affair, Urjit Patel has begun his innings as Reserve Bank's new Governor with a private off-media 'handover' ceremony -- a marked departure from his predecessor Raghuram Rajan announcing big-bang reforms on his first day itself three years ago.

There is no free lunch: Rajan on special dividend to govt

There is no free lunch: Rajan on special dividend to govt

Outgoing RBI Governor Raghuram Rajan on Saturday rejected the idea of the government taking a special dividend from the central bank for recapitalisation of public sector lenders, saying 'there is no free lunch'.

RBI's ability to say 'no' to govt must be protected: Raghuram Rajan

RBI's ability to say 'no' to govt must be protected: Raghuram Rajan

A day before demitting office, Reserve Bank Governor Raghuram Rajan on Saturday said the RBI's ability to say 'no' to highest echelons of government has to be protected as the country needs a strong and independent central bank.

India needs strong and independent RBI: Raghuram Rajan

India needs strong and independent RBI: Raghuram Rajan

In his last public speech before demitting office, Reserve Bank Governor Raghuram Rajan on Saturday made a vigorous case for a strong and independent central bank that can say 'no' to highest echelons of the government to ensure macroeconomic stability.

 Central bank should enjoy autonomy: Kaushik Basu

Central bank should enjoy autonomy: Kaushik Basu

Stressing upong the fact that a Central bank should enjoy autonomy, World Bank chief economist Kaushik Basu said on Friday that ensuring the same is very important.

Cheque dishonour case: RBI eases norms in events of Rs 1 crore and above

Cheque dishonour case: RBI eases norms in events of Rs 1 crore and above

Easing norms in the cheque dishonour cases of Rs 1 crore and above, Reserve Bank of India on Thursday left the decision to the discretion of the lender on whether to issue fresh chequebooks or not in such issues.

Heavy rain in China kills at least 24, millions evacuated

Heavy rain in China has killed at least 24 people and forced 16 million from their homes, state media reported on Saturday.

Current position of rupee is pretty reasonable: Raghuram Rajan

Current position of rupee is pretty reasonable: Raghuram Rajan

RBI Governor Raghuram Rajan on Monday said the current level of the rupee is "pretty reasonable" and any attempt to devalue it may lead to a surge in inflationary pressures and "offset any benefits".

Raghuram Rajan a 'great' central bank governor: World Bank President

Raghuram Rajan a 'great' central bank governor: World Bank President

Describing Raghuram Rajan as a "great" central bank governor, World Bank President Jim Yong Kim Thursday said he has been told by the Indian leadership that Reserve Bank will continue to have an independent head.

No second term, will return to academia after RBI tenure ends: Raghuram Rajan

No second term, will return to academia after RBI tenure ends: Raghuram Rajan

Reserve Bank of India Governor Raghuram Rajan has said that he will return to academia when his current term ends at the Central Bank on September 4.

Russia cuts key rate for first time in over 10 months

Russia cuts key rate for first time in over 10 months

Russia`s central bank cut its key interest rate by half a percentage point Friday, the first reduction in nearly a year after the ruble recovered thanks to a bounce in oil and fading inflation fears.

India's 10 largest public sector banks

Checkout India's 10 largest public sector banks

Raghuram Rajan unsure about second innings at RBI

Raghuram Rajan unsure about second innings at RBI

Raghuram Rajan's three-year tenure as Reserve Bank of India (RBI) governor ends on September 4. Considering this, various speculations are being made on a daily basis whether Rajan will be awarded a second term by the present government or not.