RBI Probe In 2016 Found No Proof Of ‘Quid Pro Quo’ In Videocon Loans
The Reserve Bank of India had found no proof of any “quid pro quo” or reciprocal benefits being extended by ICICI Bank to the Videocon group, when it conducted a detailed probe nearly two years ago, according More...
Currency circulation in India at 99% of pre-demonetisation level: RBI data
The demonetisation move on 8 December 2016 sucked out 86% of the currency in circulation. Photo: AP Mumbai: Currency in circulation in India stood at Rs17.78 trillion as on 16 February, reaching 98.94% of the More...
Banks Set To Raise Lending Rates, Pre-Empting RBI, Says Report
New Delhi/Mumbai: India’s struggling economy is facing a new challenge: banks are raising interest rates even though the Reserve bank of India (RBI) is leaving its rates unchanged, as risks such as surging More...
RBI Announces New System To Settle Bad Loans
The RBI said that all prior schemes will be withdrawn with immediate effect HIGHLIGHTS RBI sought to push more large loan defaulters toward bankruptcy courts New rules aimed at creating harmonized, simplified More...
Rupee falls 14 paise to 64.52 as RBI keeps rates unchanged, raises inflation forecast
The rupee weakened further by 14 paise to close at 64.52 against the US dollar after the Reserve Bank decided to keep rates unchanged and raised the inflation forecast on Wednesday. Besides, heavy capital outflows More...
RBI likely to cut rates in December 6 policy review: Report
The Reserve Bank is likely to cut rates at its December 6 policy review meet as retail inflation remains muted and the October number is expected to be about 3.3%, says a report. “We continue to expect the RBI More...
RBI Says Linking Aadhaar Number To Bank Accounts Mandatory
Mumbai: The Reserve Bank of India (RBI) on Saturday dismissed media reports that it was not necessary to link national identity card numbers, known as Aadhaar numbers, to bank accounts. It said in a statement the More...
RBI lowers growth forecast to 6.7%, holds repo rate citing risk to inflation
Home and auto loan rates are unlikely to change, after the Reserve Bank of India (RBI) left its key policy rate unchanged on Wednesday, citing higher risks to inflation. The central bank slashed its growth forecast More...
RBI To Keep Rates On Hold In October, Cut Growth Forecast: Poll
Bengaluru: The Reserve Bank of India will hold policy steady at its October 4 meeting, and well past next year, amid weak economic growth and signs inflation may soon overshoot its target, a Reuters poll found. Asia’s More...
RBI to print new Rs 100 currency notes?
The Reserve Bank of India (RBI) is reportedly going to start printing new Rs 100 notes in April next year, as part of its plan to redesign and upgrade the ones in circulation. The existing notes, which will remain More...