Apr 28, 2016 at 20:22 | Source: Reuters
Reserve Bank of India Governor Raghuram Rajan went with the majority view of the external members of its monetary policy committee that suggested a repo rate cut at the April review, according to the minutes released on Thursday.
Apr 26, 2016 at 14:40 | Source: PTI
MCLR for overnight lending has been slashed by 0.5 percent to 9.32 percent while it has been lowered by 0.2 percent to 9.72 percent effective May 4, DCB Bank said in a statement.
Apr 22, 2016 at 14:48 | Source: PTI
"The financial situation of Punjab, particularly with respect to liquidity, has remained quite precarious over the past few years... The situation has deteriorated considerably now," the agency said in a note today.
Apr 20, 2016 at 19:00 | Source: PTI
"We are still one of the poorest large countries in the world on a per capita basis and have a long way to go before we reasonably address the concerns of each one of our citizens," Rajan said, adding that the current growth rate needs to be sustained for the next 20 years to ensure a "decent livelihood" for every Indian.
Apr 20, 2016 at 09:18 | Source: PTI
According to the global financial services firm, food inflation is likely to stay benign given that the India Met Department has recently released a forecast of above normal monsoon for 2016.
Apr 19, 2016 at 13:18 | Source: PTI
RBI is closely watching inflation data as well as monsoon rain forecasts for deciding on further interest rate cuts and the monetary policy still remains in the "accommodative mode", Governor Raghuram Rajan said.
Apr 19, 2016 at 11:15 | Source: Reuters
The Reserve Bank of India will continue to use currency intervention to reduce volatility in the country's exchange rates, the bank's governor, Raghuram Rajan, said.
Apr 18, 2016 at 12:36 | Source: PTI
According to the global financial services major Bank of America Merrill Lynch (BofA-ML), a further easing of 25 bps is likely as CPI inflation came in at a below-expected 4.8 percent for March, and February IIP grew an anemic 2 percent.