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RBI surplus falls 14.75% in FY14; transfers entire sum to govt

Last Updated: Thursday, August 21, 2014, 17:49

The Reserve Bank on Thursday said its surplus (profit) for the FY'14 fiscal declined 14.75 percent to Rs 52,679 crore as its interest income from investments in foreign sovereign bonds declined during the year even as its investments increased.

Govt to raise 5% interest subvention scheme by 5-fold for poor

Last Updated: Wednesday, August 20, 2014, 18:55

In a move to make finance cheaper for weaker sections of the society, the government will soon be massively expanding the eligibility cap for the 5 percent interest subvention scheme to Rs 5 lakh from the current Rs 1 lakh, a top official said on Wednesday.

Bank of England divided on need for rate rise

Last Updated: Wednesday, August 20, 2014, 15:34

The BoE`s main lending rate has stood at 0.50 percent since March 2009.

Britain`s economy `halfway` to recovery: bank chief

Last Updated: Sunday, August 17, 2014, 04:44

In an interview with The Sunday Times, Carney declared that the economy was now undergoing genuine expansion following the economic crisis of 2008.

High interest rates will help in long-run: Rajan

Last Updated: Wednesday, August 13, 2014, 23:31

The Reserve Bank's elevated rate structure may be painful in the short run, but will help in the long-term by containing inflation, Governor Raghuram Rajan said on Wednesday.

CCI to demand 1.5% penal interest for delay in fines

Last Updated: Tuesday, August 12, 2014, 12:35

CCI is mandated to keep a tab on unfair business practices across sectors and is authorised to impose fines on those found to have engaged in anti-competitive activities.

RBI hopes FX reserves will cushion rupee volatility

Last Updated: Tuesday, August 12, 2014, 08:44

"I have no doubt that when interest rates start picking up in industrial countries, we will be tested. We will be tested by capital outflows," Rajan said.

ECB holds key rate steady at 0.15%

Last Updated: Thursday, August 07, 2014, 17:33

The European Central Bank (ECB) held its key interest rates unchanged at its regular policy meeting on Thursday.

European stock markets stumble before rate calls

Last Updated: Thursday, August 07, 2014, 17:09

London`s benchmark FTSE 100 index fell 0.14 percent to stand at 6,627.07 points approaching midday in the British capital.

ECB set to hold fire on rates, eyes risks from Ukraine conflict

Last Updated: Thursday, August 07, 2014, 10:21

The ECB cut interest rates to record lows in June.

`Acche din` for borrowers will take some time: Raghuram Rajan

Last Updated: Wednesday, August 06, 2014, 19:08

Rajan feels that India is well positioned to take advantage of global scenario and rate cycle right now.

RBI won't keep interest rates high longer than needed: Rajan

Last Updated: Tuesday, August 05, 2014, 19:51

Reserve Bank Governor Raghuram Rajan on Tuesday further cemented anti-inflationary stance saying price stability is the best insurance for high and sustainable growth, but also assured a low interest rate regime if all goes well on the macro, inflation and the external fronts.