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 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.

'RBI may slash interest rates in August on easing inflationary pressure'

'RBI may slash interest rates in August on easing inflationary pressure'

The Reserve Bank is likely to cut key rates by 25 basis points or 0.25 percent in its policy review meeting on August 9, largely owing to benign inflation, low IIP growth and good monsoon forecast, a report says.

RBI intervenes via state-run banks to curb rupee's rise, traders say

RBI intervenes via state-run banks to curb rupee's rise, traders say

The Reserve Bank of India has intervened aggressively to curb the rupee`s strength as it struck three-month highs, two traders said on Thursday, estimating that the central bank had bought around $1 billion since Wednesday.

Banks ask RBI to leave government's surplus cash with them to maintain liquidity in money market

Banks ask RBI to leave government's surplus cash with them to maintain liquidity in money market

lenders have asked the Reserve Bank of India (RBI) to leave surplus cash of the government with them so as to prevent a situation where money market is devoid of ample liquidity

Reserve Bank Governor Raghuram Rajan calls for global rules of conduct for central banks

Reserve Bank Governor Raghuram Rajan calls for global rules of conduct for central banks

Reserve Bank Governor Raghuram Rajan today called for a system for assessing the wider impact of monetary policies of global central banks, including unconventional tools and their spillover effect, and colour codes for rating them

G20 finance ministers warn against Brexit

Ministers from the world`s biggest economies lined up on Saturday to warn against a potential British exit from the European Union.

RBI's festive bonanza

RBI's festive bonanza

Pressure rising on RBI to cut rate tomorrow

Most bankers and experts believe that the possibility of an interest rate cut by the Reserve Bank on August 4 is very low as retail inflation remains high.

Govt signals retreat over plans to clip RBI wings

The draft legislation, published on Thursday for public comments, calls for creation of a rate-setting panel, and permits the government to appoint more than half of its members.

Greek bank shutdown cost economy 3 billion euros: Report

Greek bank shutdown cost economy 3 billion euros: Report

The three-week shutdown of Greek banks has cost the country`s struggling economy some 3.0 billion euros ($3.3 billion) not counting lost tourism revenue, a report said Saturday.

RBI, govt in discussions for recapitalisation of banks: RBI

RBI, govt in discussions for recapitalisation of banks: RBI

The government and the central bank are in discussions over recapitalisation of state-owned banks, Reserve Bank Governor Raghuram Rajan said on Thursday.

Greece last-chance talks enter second day

Greece last-chance talks enter second day

Greek and EU-IMF negotiators were locked in last-chance talks on Sunday to avert a default by Athens that could pave the way for a catastrophic exit by Greece from the euro and sow economic chaos in Europe.