Prime Minister hails BRICS' decision to set up development bank

A widely-anticipated cut in interest rates by the Reserve Bank of India (RBI) on Friday is unlikely to get markets too excited. But what the central bank says just might, economists told CNBC. The RBI is tipped to lower its key repo rate by 25 basis ...

Community leaders from the Hub's more economically hard-hit cities hailed a competition launched by the Federal Reserve Bank of Boston last week as a necessary tool to spur cross-sector partnerships and improve the health and well-being of ...

The preliminary medical examination of the 27-year-old man from Kerala, who tried to intrude the Reserve Bank of India headquarters in Fort by opening fire with an air-gun last week, said that he is mentally fit, said the police. The accused was initially ...

A man armed with an air gun allegedly tried to enter the Reserve Bank of India building here on Tuesday and was overpowered by policemen guarding the premises. A shot was fired in the melee, which occurred at the Reserve Bank of India head office at ...

Though bankers have welcomed the cut in the policy rate by the Reserve Bank of India, retail lending rates are unlikely to see a reduction anytime soon. Banks, it appears, will wait a while, and watch how things pan out in the coming days before ...

RESERVE Bank of Zimbabwe (RBZ) governor Gideon Gono has warned that indigenisation compliance deals reached with foreign financial institutions without the approval of the central bank were effectively null and void. Foreign banks mainly local ...

Gold reacted positively following a Federal Reserve statement released Wednesday, in which the central bank announced that it will adhere to its monetary stimulus policies. The Fed stated that despite recent signs of improvement in the labor market ...

Mumbai : The Reserve Bank on Thursday said the government's cash balance with it will cross Rs 1 trillion-mark this fiscal, with the Finance Ministry likely to save an additional Rs 5,000 crore through the remaining part of this financial year. "The ...

When movie stars become unbankable, they're no longer a slam dunk at the box office. When investments become unbankable, they're relegated to the Wall Street's junk pile. For ordinary Americans deemed unbankable — those who don't have a ...