Reserve Bank Of India

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New bank norms soon

Sep 17, 2014 at 10:17 | Source: Calcutta Telegraph News

Mumbai, Sept. 16: The Reserve Bank of India (RBI) will come up with detailed guidelines on universal bank licences to be available on tap during this fiscal, deputy governor R Gandhi said here today. The regulator will also come out with the final n...

RBI Governor Raghuram Rajan warns against lowering guard on foreign capital flow

Sep 17, 2014 at 10:17 | Source: Economic Times

MUMBAI: Reserve Bank of India Governor Raghuram Rajan has said the country must limit its reliance on foreign debt because it cannot be taken for granted. "We managed to bring down the current account deficit substantially, we are limiting our relian...

Why RBI Governor Raghuram Rajan may be right about a crash

Sep 17, 2014 at 10:17 | Source: Economic Times

By Soumya Kanti Ghosh In a series of recent interviews, Reserve Bank of India governor Raghuram Rajan warned of a 'crash' should there be sudden reversal in risk perception already distorted by unconventional monetary policies in the West. The ration...

Indian media: Drop in inflation boost for PM Modi

Sep 16, 2014 at 11:47 | Source: BBC

Papers see a drop in India's inflation rate as a good sign for Prime Minister Narendra Modi's economic revival plan. India's main gauge of inflation, the Wholesale Price Index, fell to a near five-year low of 3.7% in August from 5.19% ...

RBI Governnor Raghuram Rajan rules out cutting rates as WPI inflation falls to 3.74%

Sep 16, 2014 at 10:05 | Source: Economic Times

MUMBAI: Reserve Bank of India governor Raghuram Rajan gave the clearest possible signal that he'll keep interest rates unchanged at the month-end monetary policy announcement, just as the government announced wholesale inflation slowed the most in al...

Tata novelty focus for small-town ATMs

Sep 15, 2014 at 07:52 | Source: Calcutta Telegraph News

Mumbai, Sept. 14: The Tata group is pressing ahead with its plan to roll out 15,000 white label ATMs in the country over the next couple of years even though the installation of such money-dispensing machines is facing a host of challenges. The Tata...

Jolt to recovery run Factory growth sluggish, retail inflation sticky

Sep 13, 2014 at 10:57 | Source: Calcutta Telegraph News

New Delhi, Sept. 12: The growth in industry output hit a four-month low of 0.5 per cent in July and retail inflation remained high, dashing hopes of a quick economic revival and a rate cut by the Reserve Bank of India. Factory output, as measured by...

Tighter wilful default rules

Sep 10, 2014 at 06:07 | Source: Calcutta Telegraph News

Mumbai, Sept. 9: The Reserve Bank of India today tightened norms pertaining to wilful defaulters by stating that if a non-group company failed to honour the guarantee furnished on behalf of the defaulting entity, it would also be treated as a wilful...

India has the potential to grow at 8-9% under Narendra Modi, says Kevin Gibson, CIO, Eastspring Investments

Sep 09, 2014 at 08:47 | Source: Economic Times

Kevin Gibson, chief investment officer at Eastspring Investments, the Asia asset management arm of Prudential plc, said he would like to see India growing at its potential growth rate of 8-9 per cent by the end of Prime Minister Narendra Modi's curr...

Government, RBI to devise monetary framework for central bank: Raghuram Rajan

Sep 07, 2014 at 17:07 | Source: Economic Times

NEW YORK: The government and the Reserve Bank of India will this year negotiate to formulate a monetary framework for the central bank that lays more emphasis on inflation, the bank's Governor Raghuram Rajan has said. "This year the government and t...

Raghuram Rajan says monetary stimulus may backfire, provoke forex savings

Sep 07, 2014 at 10:45 | Source: Economic Times

BOSTON: Aggressive monetary policy by developed economies may hurt global growth by pushing emerging markets to pile up foreign-exchange reserves instead of spending, Reserve Bank of India governor Raghuram Rajan said. Rajan, a regular critic of the ...

HPL promoters float patch-up formula

Sep 07, 2014 at 10:27 | Source: Calcutta Telegraph News

Calcutta, Sept. 6: A resolution of the Haldia Petrochemicals’ ownership imbroglio now looks imminent with the promoters formally informing the company’s board about the impending deal between The Chatterjee Group and the West Bengal Indu...

RBI may tweak priority lending rules to suit foreign banks: Raghuram Rajan

Sep 06, 2014 at 06:00 | Source: Economic Times

KOLKATA: Reserve Bank of India is thinking of tweaking the priority sector lending rules to suit foreign banks while it plans to make non-banking finance companies more robust, governor Raghuram Rajan said in Boston on Thursday. Rajan, who has compl...

Amazon India comes under ED lens for possible violations of FDI rules

Sep 05, 2014 at 19:52 | Source: Economic Times

The world's largest online retailer Amazon has come under the lens of the Enforcement Directorate for possible violations of India's FDI rules for online retail, at least two people familiar with the development, told ET NOW. This comes at a time wh...

Uber: It is irrational to oppose what is better for everyone

Sep 04, 2014 at 12:36 | Source: Economic Times

SAN FRANCISCO: It's arguably the hottest startup in all of Silicon Valley, valued at an eye-popping $18 billion. But regulatory troubles globally have come in as speed-breakers for Uber, the much-storied taxi-hailing smartphone app. In India, which i...

Narendra Modi decides that FIPB will remain under finance ministry

Sep 04, 2014 at 10:42 | Source: Economic Times

NEW DELHI: Prime Minister Narendra Modi has stepped in to end a turf battle between the department of industrial policy and promotion (DIPP) and the finance ministry on the issue of control over foreign investment approvals. He has decided that the F...

UBI dubs Mallya wilful defaulter

Sep 02, 2014 at 09:32 | Source: Calcutta Telegraph News

Calcutta, Sept. 1: The United Bank of India (UBI) today became the first public sector lender to declare Vijay Mallya, chairman of debt-laden Kingfisher Airlines, as a wilful defaulter. “We have declared Vijay Mallya and three other directors o...

Nippon to partner Reliance Cap in bank bid

Sep 02, 2014 at 09:32 | Source: Calcutta Telegraph News

Mumbai, Sept. 1: Reliance Capital is taking yet another shot at entering the banking sector. The Anil D Ambani company today said that Nippon, its Japanese partner in life insurance and mutual fund ventures, will participate in setting up of the pro...

Nippon, Reliance Group launch India funds for Japan investors

Sep 01, 2014 at 16:12 | Source: Economic Times

TOKYO/MUMBAI: With Prime Minister Narendra Modi seeking greater investment flow from Japan into India, financial services giant Nippon Life today announced two dedicated funds in partnership with Anil Ambani-led Reliance Group to facilitate Japanese ...

United Bank of India first bank to declare KFA and Vijay Mallya as wilful defaulter

Sep 01, 2014 at 16:12 | Source: Economic Times

United Bank of India has become the first bank to declare Kingfisher Airlines, it's promoter Vijay Mallya as well as three directors on the board of KFA as wilful defaulters. According to a source close to the development, " the action comes after KF...

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