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Finance Minister Arun Jaitley on Saturday expressed hope that the Reserve Bank will keep in mind the decline in retail inflation while deciding on interest rates at its policy review meeting on October 4. "I expect when the policy review takes place next month then RBI, and hopefully if MPC is constituted by then

RBI Governor Urjit Patel on Wednesday cut the economic growth forecast to 6.9% for the current fiscal from 7.1% estimated earlier, even as he said the

Aditya Birla Group on Tuesday announced it has received the banking license from the Reserve Bank of India (RBI) to operate its join

For the maximum privilege of the non-account holders, the RBI has stamped on a new set up of the payment system. According to this system, funds can be transferred via Automated Teller Machines (ATMs) from the back account holders' account to those having no account in bank. Taking a positive step towards financial inclusion using technologies, the RBI governor Raghuram Rajan informed at the Nasscom summit on Wednesday, "Essentially, the sender can have the money withdrawn from his account through an ATM transaction. The intermediary processes the payment, and sends a code to the recipient on his mobile that allows him to withdraw the money from any nearby bank's ATM."

According to Richard Gibbs of Macquarie Securities reduced crude prices goes in favour of the Indian economy and gives RBI a scope for monetary accommodation Richard Gibbs Global HD, Macquarie More about the Expert Richard Gibbs, Global Head of Macquarie Securities is upbeat on India because he thinks there is room for structural expansion and the demand is much better than anywhere else in the world. According to him reduced crude prices goes in favour of the Indian economy and gives RBI a scope for monetary accommodation. It is also likely to produce some tailwind for the global economy. "It certainly provides latitude on the trade side but also in terms of the inflation side for the economy as well." The house remains a buyer on India. What is the sense you are getting. Are we now facing a fairly big challenge to global growth and therefore are risk assets going to head lower? A: I think the International Monetary Fund (IMF) is articulating that fairly well as we move into the IMF World Bank annual meeting in the next few days. It really is a case where the US is I suppose the best if you see IMF's parlance and that's for investors who have been searching for growth is a disappointment. So, now I suspect we are going to have people turning back towards in search for yield and that has become difficult as well with the expansion in quantitative easing measures around the world but most particularly by the European Central Bank of course. At the end of the day lower crude prices are probably growth positive and the issue there is whether they pertaining further disinflationary pressure/deflationary pressure in the major economies. Certainly for an economy like India, cooling in crude prices is a positive. It certainly provides latitude on the trade side but also in terms of the inflation side for the economy as well. It's a bit of a two-edged sword as I suppose in that sense but overall lower crude prices are likely to produce some tailwind for the global eco

Reserve Bank of India Governor D. Subbarao said Thursday the European debt crisis is not expected to impact big on India, yet the central Indian bank is keeping a watch.

Cautioning against protectionism, RBI Governor Urjit Patel has said where would giant American corporations like Apple, Cisco and IBM be if they had not so

As growth of country's industrial production slipped to 3.1% in the month of April, India Inc reiterated its demand for a cut in interest rate by the Reserve Bank of India (RBI), stating that it was imperative to bolster growth as well as consumer demand.

Reserve Bank of India (RBI) rejected the proposed merger between Chennai based Lakshmi Vilas Bank (LVB) and Gurugram based Indiabulls Housing Finance Limited (IBHFL).

RBI launches New Digital Currency in India, in 2022, with an aim to provide an alternative to physical cash & develop the next-generation financial system of India.

Trade body FIEO has urged the nation's central bank to allow Iranian banks to open their branches in India, which would help in facilitating trade. Speaking to the media, FIEO Director General Ajay Sahai said

Reserve Bank Governor Urjit Patel will on December 22 brief the Parliamentary Committee on Finance about the demonetisation process and its impact.

The Reserve Bank of India late Monday admitted that the recent hike in its policy rates would affect growth in the near-term but maintained it would consolidate in the medium-term.

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The Reserve Bank of Indian Thursday said that high inflation is a cause of worry for the central bank and it is willing to take policy actions as per the changing economic environment.

Amid debate on how soon the Reserve Bank of India will raise key policy rates to tame inflation, a report has viewed that the central bank may wait for a few weeks before raising policy rates.

The Reserve Bank of India Friday said it wants the lenders to fix their individual rates for savings deposits, as part of the financial sector reforms.

Amid growing concerns that the Reserve Bank of India's decision to shift to the base rate modal from the current Benchmark Prime Lending Rate (BPLR) from July 1 will make credit costlier for exporters, an industry body Monday urged the country's central bank to continue regulating export credit to ensure that the cost of export credit does not increase under the new system.

Inflationary pressures have intensified beyond the baseline projections of the Reserve Bank of India and there is risk of supply-side pressures translating into a generalised inflationary process," the apex bank said in a report.

अगर आपने 'नो यूअर कस्टरम (KYC)' प्रक्रिया पूरी नहीं की है तो आपका मोबाइल वॉलेट 1 मार्च से बंद हो सकता है। दरअसल, भारतीय रिजर्व बैंक (RBI) ने मोबाइल वॉलेट कंपनियों को अपने सभी ग्राहकों की KYC करने के निर्देश दिए थे। इसके बाद भी अगर कोई ग्राहक या कंपनी KYC नहीं करती है तो उसका मोबाइल वॉलेट बंद हो सकता है।