RBI

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 the price for the high borrowing of present.

‘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 meant for separatist groups.

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 various phases, beginning January 28.

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 not impose any cap on their remuneration.

RBI `text-bookish` to control inflation: Basu

Chief Economic Adviser to the
F Min Kaushik Basu on Saturday said the RBI
followed conventional methods of raising interest rates to
tame inflation

IHC asks RBI to stop World Cup payment to FIH

Alleging breach of contract IHC has requested RBI to stop payment by the 2010 World Hockey Cup organisers to FIH.

BJP criticises increase in repo rate by RBI

BJP asked the Manmohan Singh government
to instead go for infrastructure development programmes and
manage supply of foodgrains to check inflation.

Bihar is best performing state: RBI study

Contrary to popular belief, a Reserve Bank sponsored study on Friday said Bihar (including Jharkhand) was the best performing state during 1980-2004.

Raising key rates to help contain inflation: Montek

Planning Commission Tuesday endorsed RBI`s hawkish policy of hiking key rates by half a percentage point saying this would contain inflation.

Repo to be reference rate for monetary policy: RBI

In line with international practice, the RBI Tuesday decided to anchor monetary policy through a single short term lending rate known as repo rate.

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 April 1 onward will be classified as priority sector lending.

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 policy for 2011-12 on Tuesday to arrest the rate of price rise.

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 in its annual credit policy for 2011-12.

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 Bank of India which made drafts of Rs 1.33 crore for
TMC in poll-bound West Bengal.

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 single policy rate to signal the monetary policy stance, to effectively deal with inflation without hurting growth.

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 6.5 percent and reverse repo rate to 5.75 percent from 5.5 percent.

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 national average of 43 percent, RBI Deputy Governor Shyamala Gopinath said here on Saturday.

RBI Governor appears before PAC on 2G issue

RBI Governor D Subbarao, who was
Finance Secretary when the 2G spectrum allocations were made, Thursday appeared before Parliament`s Public Accounts Committee (PAC) and shared "accurate information" on the controversial issue.

Govt will "overcome" difficulties to tame inflation: PM

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