The Reserve Bank of India (RBI) has decided to impose a penalty of Rs 1 crore on banks if they breach a single norm. If more than one norm is breached, then the fine will be multiples of Rs 1 crore. Earlier, the fine was Rs 5 lakh for a single violation.
A man forcefully tried to enter the Reserve Bank of India building in Mumbai today. When he was stopped by guards, he fired in the air. He was carrying an air gun. He has been detained for questioning.
The Reserve Bank of India (RBI) reduces its repo rate by 0.25 percent. With the reduction of the rates, the private banks might reduce the rates for home as well as car loans.
The Reserve Bank of India (RBI) reduces its repo rate by 0.25 percent. The repo rate is the rate at which the RBI gives private banks loans. With the reduction of the rates, the private banks might reduce the rates for home as well as car loans.
All banks have their eyes on the Reserve Bank of India (RBI), as it will announce its new credit policy today. The interest rates are likely to be reduced by 0.25 percent. This reduction in interest rates will put a smile on the faces of people opting for home...
Reserve Bank of India's (RBI) policy meet is expected to take place in Mumbai on March 19, 2013. The RBI is widely expected to cut the repo rate by 25 basis points, for the second time in 2013, as pressure mounts on it to support the struggling economy. RBI re...
In the wake of a sting operation that reveals money laundering taking place in three renowned private banks across the country, the Reserve Bank of India has issued a show-cause notice to HDFC, ICICI and Axis banks. According to the exposé, blatant violations...
The Reserve Bank of India (RBI) after several years of debating, finally issues the final guidelines for licensing of new private sector banks. Under these guidelines, private and public sector entities will be eligible to set up a bank through a non-operative...
Rising for the fourth consecutive month, retail inflation remained in double digits at 10.79 per cent in January, driven by higher prices of vegetables, edible oil, cereals and protein-based items. The retail inflation had stood at 10.56 per cent in December, ...
After nine months, the Reserve Bank of India (RBI) cuts basis repo rate by 25 points, to help egg on the slow annual growth rate. The CRR has also been slashed down minimally. With this move, it is expected that the interest on home and vehicle loans would com...
After nine months, the Reserve Bank of India (RBI) cuts basis repo rate by 25 points, to help egg on the slow annual growth rate. The CRR has also been slashed down minimally. With this move, it is expected that the interest on home and vehicle loans would com...
After nine months, the Reserve Bank of India (RBI) cuts basis repo rate by 25 points, to help egg on the slow annual growth rate. The CRR has also been slashed down minimally. With this move, it is expected that the interest on home and vehicle loans would com...
The Reserve Bank of India announced its credit policy and slashed its key policy rates. However, it remains cautious about its concerns over inflation. The RBI cut the policy repo rate by 25 basis points and also reduced the cash reserve ratio (CRR), the share...
The Reserve Bank of India might reduce the interests rates which would automatically make loans cheaper. It is not just the RBI but also the Finance Minister, Chidambaram who is in favor of reduction in the loan rates. Th reduction in the interests rates in ho...
The Reserve Bank of India is expected to announce a new credit policy today at 11 AM. The Cash Reserve Ratio will be reduced which would mean a drop in interest rates. The RBI is likely to take these steps to combat the inflation rate. A decrease in the intere...
The Reserve Bank of India released the results of the mid-quarterly review of its monetary policy, leaving the rates unaffected. The repo rate (the rate at which RBI lends to other banks) will remain unchanged at 8%, while the reverse repo rate (the rate at wh...
The Reserve Bank of India will conduct its mid-quarterly review of its its monetary policy today. Repo rates, the rates at which RBI lends to banks, are expected to remain unchanged.
The Sensex does not react positively to RBI's decision to cut only the Cash Reserve Ratio (CRR). After the RBI announced its decision, the Sensex plunged down 200 points. The RBI cut CRR but kept the repo rates unchanged.
Reserve Bank of India slashed cash reserve ratio for banks, but left the interest rates on hold. RBI Governor Duvvuri Subbarao, who announces that CRR was cut by 25 points, says as inflation eases further, there will be an opportunity for monetary policy to ac...
With industrial growth having slowed down, and inflation on the rise, the Reserve Bank of India is likely to cut interest rates in an attempt to lend a stimulus to the industry. A fall of 25-50 basis points in the lending rate is said to be on the cards, which...
Following the flurry of reforms, market watchers expect a turnaround in the equity markets. Forefront Capital's Radhika Gupta and Wealth Circle's Prakash Diwan talk about their top picks across sectors like Metal, Bank and Auto, and the stocks to avoid. More s...
The Reserve Bank of India's (RBI) mid-quarter monetary policy review has brought disappointment to home loan customers as the key policy repo rate has been kept unchanged at 8 per cent. The reduction in banks’ cash reserve ratio (CRR) by 0.25 per cent may be...
In a stunning revelation, an RTI activist from Delhi Subash Agarwal, has obtained information under RTI that reveals the huge quantum of fake currency seized during the last three years.
In a special coverage on the RBI's Credit Policy, guest economists discuss the expectations from the Policy and what its position on rates and inflation means to the Indian economy. The economists include Diwakar Gupta, MD & CFO, SBI; Abraham Chacko, Federal B...
BJP flays the UPA government over the Reserve Bank of India (RBI) proposals which were meant to boost the failing Indian economy saying that the proposed measures were disappointing and that these could nor curb the rupee slide.
The Indian rupee continued to plunge Friday, hitting a fresh record low against the dollar over growing concerns about the global economic outlook and bearish sentiment on India's economy.
Reacting to the Reserve Bank of India's (RBI) policy to keep repo and Cash Reserve Ratio (CRR) rates unchanged, BJP spokesperson Nirmala Sitharaman criticises Centre on mismanagement of economy. She says that the decision by the RBI indicates that there is ser...
Reacting to the Reserve Bank of India's (RBI) policy to keep repo and Cash Reserve Ratio (CRR) rates unchanged, BJP spokesperson Nirmala Sitharaman criticises Centre on mismanagement of economy. She says that the decision by the RBI indicates that there is ser...
Reserve Bank of India (RBI) has kept repo and Cash Reserve Ratio (CRR) unchanged after reviewing its monetary policy. The move is likely to disappoint the industry which was banking on RBI cutting rates to boost growth. The reverse repo rate will also remain u...
With the growth staggering to dismal levels, all eyes are on the Reserve Bank of India (RBI)'s midterm credit policy review to provide an impetus to the failing Indian economy. The RBI governor is expected to announce the midterm credit policy review soon. The...
All eyes are set on the Reserve Bank of India (RBI)'s midterm credit policy review to provide an impetus to the failing Indian economy. The RBI governor is expected to announce the midterm credit policy review soon. The RBI is likely to bring down the key shor...
Indian banks emerged unscathed through the financial crisis of 2008 but current NPAs worth Rs 1,50,000 cr has made the RBI worried. ET Now gives you an insight in to the issue.
The RBI has slashed the cash reserve ratio by 50 basis points to 5.5% effective from January 28, 2012. The move should add Rs 320 billion to the country's cash-strapped banking system.
It is time to decide the investment strategy for 2012. Should we bet on debts or is it time to accumulate equity? Experts share their tips for the year ahead.
In the wake of the crisis of Microfinance in Andhra Pradesh, ET Insight looks in to how the Rs 20k cr microcredit industry in India is revamping itself.
Telltale signs of downturn in the Indian economy is unmistakable. Industrial output has contracted and the Rupee has depreciated by nearly 20%. Have we gone from India Shining to India Shrinking?