Last Updated: Monday, August 31, 2015, 23:04
Finance Ministry Monday asked RBI to reverse the Rs 1,274.21 crore income tax deductions it had made from the account of Telangana government saying the action was not in consonance with the "Principle of Cooperative Federalism".
Last Updated: Monday, August 31, 2015, 21:22
RBI Monday identified state-owned SBI and private sector ICICI Bank as systemically important banks and subjected them to higher levels of supervision to prevent disruption to financial services in event of any failure.
Last Updated: Monday, August 31, 2015, 19:04
A senior Reserve Bank official Wednesday said state-run lenders should use the capital received from the government to grow their credit books rather than clear their large pile of bad assets.
Last Updated: Saturday, August 29, 2015, 14:21
Hinting at the fourth interest rate cut this year, RBI Governor Raghuram Rajan has said he is not done with lowering rates and the central problem for the entire world remains slowing economic growth.
Last Updated: Saturday, August 29, 2015, 12:03
RBI Governor Raghuram Rajan has hinted that the central bank could go for a rate cut during its monetary policy review in September.
Last Updated: Friday, August 28, 2015, 19:25
The Reserve Bank on Friday said foreign investors can buy up to 40 percent of the paid-up capital in Godrej Consumer Products Ltd (GCPL) under the portfolio investment scheme (PIS).
Last Updated: Wednesday, August 26, 2015, 20:28
The Reserve Bank Wednesday said it has removed Hathway Cable & Datacom from its caution list and foreign investors can now buy more shares in the company.
Last Updated: Monday, August 24, 2015, 22:29
Reserve Bank Governor Raghuram Rajan Monday cautioned against getting complacent with the strong macro fundamentals of the economy and called for making harder choices in further reforming the structural bottlenecks preventing the economy from achieving its potential growth.
Last Updated: Monday, August 24, 2015, 22:12
As stock markets and rupee dropped like ninepins, government and RBI Monday sought to assuage jittery investors citing strong domestic macroeconomic fundamentals and blamed global turbulence for the "temporary" crash.
Last Updated: Monday, August 24, 2015, 22:09
Reserve Bank Monday said the launch of a module for reporting Foreign Currency Transfer of Shares (FCTRS) is a step forward in the direction of promoting ease of doing business in India.
Last Updated: Sunday, August 23, 2015, 19:21
Indian banking sector is going through challenging times, characterised by low credit, impairment of assets and low profitability, RBI deputy governor H R Khan said Sunday.
Last Updated: Thursday, August 20, 2015, 23:01
RBI Governor Raghuram Rajan Thursday said there is a need for banks to cut their lending rates anticipating the benefits which will be accruing from the central bank's rate cuts.
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