RBI spotted intervening after rupee falls - traders| Reuters
Mar 23, 2016 at 01:30 | Source:
MUMBAI The Reserve Bank of India (RBI) likely sold dollars through state-owned banks in a bid to prevent sharper falls in the rupee after reports of explosions at the Brussels airport hit global markets, three currency traders said on Tuesday.The tra...
India Posts payments bank to launch by March 2017: Prasad
Mar 22, 2016 at 15:59 | Source:
New Delhi: Payments bank of Department of Posts is likely to become operational by March 2017, Communications and IT Minister Ravi Shankar Prasad said today."Very soon by March next year we are going to bring in payments bank of the Postal depar...
Govt cutting PPF, small savings rates is good; now it's RBI's turn
Mar 21, 2016 at 07:03 | Source:
The Narendra Modi government has cut the interest rates on offer on the public provident fund(PPF) and other small savings schemes run by the post office.The new interest rates will come into play from April 1, 2016 and will be in effect until June 3...
SC-appointed SIT to monitor probe into alleged rice export scam
Mar 14, 2016 at 15:23 | Source:
New Delhi: The Supreme Court-appointed Special Investigation Team (SIT) on black money will monitor the probe into the alleged over Rs 1,000-crore scam in export of high-quality Basmati rice to Iran which was fraudulently diverted mid-sea to Dubai.Th...
RBI Gov Rajan wants global rules of conduct for central banks| Reuters
Mar 12, 2016 at 22:15 | Source:
NEW DELHI/MUMBAI Reserve Bank of India governor Raghuram Rajan called on Saturday for global central banks to adopt a system for assessing the wider impact of their actions, including unconventional monetary policies now in use. Rajan proposed that a...
RBI orders probe into alleged frauds commited to meet farmer loan targets
Mar 11, 2016 at 14:03 | Source:
Nagpur:Following a detailed memorandum listing the alleged bank frauds, the Reserve Bank of India (RBI) has ordered a probe into allegations of irregularities committed by public, private and foreign banks to claim achievements of targets in lending ...
India inflation seen cooling in February, gives RBI easing room| Reuters
Mar 10, 2016 at 05:15 | Source:
BENGALURU Indian inflation was expected to cool in February as food prices rose more slowly, a Reuters poll found, which could strengthen calls for more monetary policy easing.The Reserve Bank of India (RBI) has not changed its key interest rate sinc...