RBI says pulses` shortage driving food prices up

After tightening monetary policy to combat inflation, the RBI has expressed concern at rising prices of protein-based items, blaming them on shortage of pulses.

Rs10 polymer bank notes to be circulated by yr-end

Days of soiled, washed, partially torn and mutilated bank notes are numbered.

Patna HC issues notices to RBI, SBI and Centre

The Patna High Court today issued
notices to RBI, SBI and the central government to file their
respective replies on a PIL complaining "opressive and
capricious acts" of insurance companies in connivance with

Rate hike on cards as RBI reviews policy today

India`s central bank is likely to increase for a fourth time this year key policy and interest rates at its quarterly monetary policy review Tuesday to rein in high inflation, as economic growth is now on a firmer track.

Banks can open mobile branches sans RBI nod

The Reserve Bank Friday allowed commercial banks to open mobile branches without its approval in areas with less than 50,000 population.

Where have Rs 10 coins gone?

More than a year after its launch and amid Reserve Bank`s claim that it had circulated 8 crore pieces of the ten-rupee coin, one wonders where the currency is?

RBI issues fresh guidelines on credit cards

The RBI Friday warned banks and financial institutions to strictly follow its guidelines on credit cards regarding transparency in charging interest rates and levying other fees on customers or face penal action.

No overwriting on cheques after December 1: RBI

The RBI directive to banks, asking
them not to honour cheques with overwriting, will come into
effect from December 1 instead of the earlier scheduled date
of July 1, the apex bank said in its latest circular.

RBI steps in to rein inflation

RBI hiked key short term rates & CRR by 25 bps each to tame inflation, but lenders said interest rates won`t be hiked.

RBI hike expected, but will it tame inflation?

The RBI has increased the interest rates to tame inflation. But is it enough?

RBI likely to hike rates today

RBI is likely to increase the key rates Tuesday as it presents its annual monetary policy.

The great RBI tightrope-walk

The RBI Governor, D Subbarao, will announce the central bank’s annual monetary policy on April 20, but will he rise up to the expectations?

RBI against making of garlands of currency notes: Centre

The government today informed
the Lok Sabha that RBI has advised people not to use garlands
of notes to honour personalities, though there is nothing in
law to prevent such misuse.

Finmin expects RBI to raise rates further

The Reserve Bank is likely to further tighten its monetary policy in its April 20 policy review to tame rising inflation, Financial Services Secretary R Gopalan said.

SBI won`t raise lending rates: Chairman

State Bank of India won`t raise its lending rates despite a hike in key policy rates by the central bank, its chairman said Saturday.

RBI ups short-term rates by 25 bps

RBI raised its key short-term lending & borrowing rates as part of its money policy to combat inflation.

Ex-RBI dy Guv joins Yale; says no Indian varsity offered job

Former RBI deputy governor
Rakesh Mohan, who has been appointed as a faculty in the
prestigious Yale University, today said he was not offered a
teaching job by any Indian university.

Co-operative bank failures tally hits 32 in 2009

As many as 32 co-operative banks in the country folded up last year forcing the depositors to invoke insurance guarantee to recover part of their losses.

RBI doesn`t have info on credit-card defaults charges

The Reserve Bank of India (RBI) does not have any information about "heavy penalties" and "extra-ordinary interest rates" imposed by banks on credit card defaults.

RBI declares J&K as unbanked state

The Reserve Bank on Monday categorised
Jammu & Kashmir as an unbanked state, which means that the
state does not have sufficient banking facility.