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.

Turkey stocks tumble, lira hits record low after election

Turkish shares fell 6 percent in morning trade Monday and the lira plunged to a new record low against the dollar, as investors took fright at new political uncertainty following legislative elections.

Rajan says not more comfortable on inflation now than in April

The central bank cut its policy repo rate by 25 basis points to 7.25 percent on Tuesday, for the third time this year, to boost investments and growth.

China central bank warns of unstable inflation outlook, low prices

China`s central bank warned of deflationary pressure in the world`s second-largest economy on Wednesday as it forecast subdued consumer prices for the year and a challenging growth outlook.

Rate cut likely on or before June 2 policy review: Experts

The Reserve Bank is likely to go for a rate cut on or before the June 2 policy review as the CPI inflation fell to a 4-month low of 4.87 per cent in April and industrial output declined in March, say experts.

BOJ trims inflation forecasts, pushes back target timeframe

Japan is emerging from recession but at a snail`s pace, as companies remain wary of ramping up spending despite record profits and consumers keep their purse strings tight.

More central banks meet, but ability to pilot economies in doubt

Most central banks have been easing policy since the start of the year and are set to do more, but it still isn`t clear whether that new activism, which has pushed stock markets to record highs, will help the global economy much.

Greek Parliament okays controversial cash reserve transfer

Greece's Parliament has adopted a controversial decree ordering all public institutions to hand over their cash reserves to the central bank to help Athens meet its financial obligations.

Greek Parliament okays controversial cash reserve transfer

Greece's Parliament has adopted a controversial decree ordering all public institutions to hand over their cash reserves to the central bank to help Athens meet its financial obligations.

Eurozone recovery `is there` says ECB chief

Economic recovery has arrived in the 19 countries that share the euro, but it is up to governments to ensure it endures, European Central Bank executive board member Benoit Coeure said Thursday.

South Korea`s economy perks up in first quarter

South Korea`s economy picked up momentum in the first quarter due to increased construction and consumer spending, the central bank said Thursday.

Euro central banks lent 110 bn euros to Greek banks: Report

European central banks have lent 110 billion euros to Greek banks, the head of France`s monetary authority said in comments published Monday, warning that any move by Athens to leave the eurozone would be "traumatic."

Central Bank tops list with highest NPAs among PSU banks

According to the data provided by the RBI to the Finance Ministry, Central Bank of India's 21.5 per cent assets are either bad or have been restructured to save them turning non-performing assets (NPAs).

China March flash HSBC PMI contracts to 11-month low

Activity in China`s factory sector dipped to a 11-month low in March as new orders shrank, a private survey showed, signalling persistent weakness in the world`s second-largest economy that will likely fuel calls for more policy easing to support growth.

Bundesbank sees `strong` German growth in first half of 2015

The German economy, Europe`s biggest, will notch up "strong" growth in the first half of 2015, driven by robust exports and buoyant consumer spending, the German central bank or Bundesbank said Monday.