No differences between RBI, govt on MPC: RBI

Last Updated: Saturday, August 8, 2015, 18:00

He also said that RBI would like to see, among other things, as to how banks pass on the benefit of earlier rate cuts to customers before it goes in for another cut.

RBI Guv needs autonomy on rates, not veto: Raghuram Rajan

Last Updated: Tuesday, August 4, 2015, 18:36

The Governor batted strongly for RBI's autonomy and said the government has never interfered with the central bank's call even though the statutes give it the power.

Rajan favours removing RBI Guv veto power on deciding rates

Last Updated: Tuesday, August 4, 2015, 13:15

He further said that while the details of the monetary policy committee (MPC) will have to be ironed out, "there are no differences between RBI and the government" on this matter.

No difference with govt on monetary policy panel: Rajan

Last Updated: Tuesday, August 4, 2015, 11:42

Rajan said that veto power with RBI governor in proposed monetary policy panel will mean no change from current rate setting practice.

No decision on curtailing RBI Guv power on rates: FinMin

Last Updated: Monday, August 3, 2015, 22:42

As the move to strip RBI Governor of veto power on deciding interest rates faced backlash, the government Monday said no decision on curtailing powers of the central bank has yet been taken.

Govt on backfoot over proposal to curtail RBI Guv's power

Last Updated: Monday, August 3, 2015, 17:18

Going on the backfoot over a draft Bill proposing curtailing powers of RBI Governor on interest rate, the government Monday said it is not right to conclude that it wants to curtail the central bank's powers.

Pressure rising on RBI to cut rate tomorrow

Last Updated: Monday, August 3, 2015, 14:56

Most bankers and experts believe that the possibility of an interest rate cut by the Reserve Bank on August 4 is very low as retail inflation remains high.

RBI likely to cut rate by 0.25% tomorrow: Moody's Analytics

Last Updated: Monday, August 3, 2015, 12:16

The research firm also said recent global developments also suggest limits to inflation pressure, with the tumbling of global commodity prices, particularly crude oil, on the back of the Iran nuclear deal.

Govt signals retreat over plans to clip RBI wings

Last Updated: Monday, July 27, 2015, 16:06

The draft legislation, published on Thursday for public comments, calls for creation of a rate-setting panel, and permits the government to appoint more than half of its members.

PSU banks need higher capitalisation for dealing with NPAs

Last Updated: Monday, July 6, 2015, 15:37

"Need higher capitalisation in PSU banks for balance sheet growth, dealing with NPAs. Need capital infusion for three things -- to meet Basel III, better provisioning and improving banks business," he said here.

FII limit in G-secs to be revised twice annually: Rajan

Last Updated: Thursday, July 2, 2015, 18:49

Promising a steady increase in FII investment limit in government bonds, RBI Governor Raghuram Rajan on Thursday said the ceiling will be revised twice a year and efforts are being made to make such investment easier.

Global economy recovering; nowhere near depression: Rajan

Last Updated: Thursday, July 2, 2015, 16:28

Global economy is in a recovery mode which is still weak, but the overall situation is "not anywhere" like the depression of 1930s, Reserve Bank Governor Raghuram Rajan said on Thursday.