Will announce at least one set of bank license by August end, says Raghuram Rajan

Last Updated: Tuesday, June 2, 2015, 11:19

Reserve Bank Governor Raghuram Rajan on Tuesday said that the central bank will soon bring a set of bank license by August this year.

RBI cuts interest rates by 0.25%; EMIs on home, auto loans to come down

Last Updated: Tuesday, June 2, 2015, 08:24

Rajan, who had focused on quelling inflation since taking office in September 2013, lowered the benchmark repo rate to 7.25 percent from 7.50 percent.

This time, RBI may cut rate to spur investment: Bankers

Last Updated: Monday, June 1, 2015, 14:47

"We have surplus liquidity in the system as there has not been much credit offtake. So, repo window does not give banks any advantage as we don't borrow from banks at this point. So, the CRR window helps us bring down cost of funds. We expect and will request 0.5 percent cut in CRR, which would release about Rs 40,000 crore into the system," Bhasin added.

Economy at early stages of recovery, GDP to rise to 8%: Nomura

Last Updated: Sunday, May 31, 2015, 11:02

According to Central Statistics Office (CSO) data released yesterday, the Indian economy grew at 7.3 percent in 2014-15, up from 6.9 percent a year ago, mainly due to improvement in the manufacturing sector.

BNP Paribas sees ideal conditions for 0.25% rate cut on June 2

Last Updated: Thursday, May 28, 2015, 18:36

Stating that conditions are ideal for rate cut, French brokerage BNP Paribas on Thursday said a 0.25 percent reduction can help discussions between the central bank and the Finance Ministry on setting up of inflation targeting panel.

Rajan meets Jaitley ahead of monetary policy next week

Last Updated: Wednesday, May 27, 2015, 18:26

Amid growing demand for rate cut, Reserve Bank Governor Raghuram Rajan on Wednesday met Finance Minister Arun Jaitley and discussed a wide range of issues.

RBI may cut repo rate by 25 bps on June 2: Assocham

Last Updated: Wednesday, May 27, 2015, 18:25

The Reserve Bank is likely to slash the benchmark interest rate by 0.25 percent to stimulate demand, with retail inflation at 4.87 percent in April, much below the apex bank's target of 6 percent by January 2016, according to Assocham.

'Prudent to hold repo rate as upside risks to inflation exist'

Last Updated: Friday, May 22, 2015, 18:08

It might be prudent to hold the policy rate steady for the time being as upside risks to food inflation still persists.

RBI may cut rates by 0.25% in policy review: Care Ratings

Last Updated: Thursday, May 14, 2015, 19:49

The Reserve Bank of India (RBI) may cut interest rates by 0.25 percentage point as inflation is firmly under the desirable limit, credit rating agency Care Ratings said here.