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About 122 results for "rbi rsquo"

Need to break back of inflation, says RBI Governor Raghuram Rajan
IndiaTV News

RBI chief Rajan warns of another market crash

NEW DELHI : India’s central bank governor, renowned for forecasting the 2008 financial meltdown, has warned that the world economy faces risk of another market crash as asset prices surge. Increasing global financial instability stems from investors ... Himalayan times, 1 month ago
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44 images for rbi rsquo

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RBI not keen on raising inter-bank ATM usage fee

The Reserve Bank of India is reportedly not keen on accepting banks’ demand to increase the interchange fee, the amount one bank charges another if its consumer uses the automated teller machine of the non-home bank. “There is already  a cap on ATM transactions. "If we increase the fee further and based on it the banks also make changes on the amount they want to be passed on to the customer, it can hurt the customer further. As a result, the regulator is not very comfortable ...
 Rediff.com2 weeks ago RBI keeps rates on hold  Himalayan times1 day ago Interim COO at RBI not possible: FinMin  Rediff.com1 month ago Finance ministry rules out COO appointment in RBI  Rediff.com1 month ago
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RBI begins review of Jan Dhan rollout

A week after the official launch of the Prime Minister’s Jan Dhan Yojana, the Reserve Bank of India has begun a review of the financial inclusion mission.A senior RBI official said the regulator was focusing on performance of banks' statewise and in each district. The ambit will also cover the system’s readiness to track the work of business correspondents, a key link between bank and those being covered by the programme.“Besides doing checks, the effort is to find out ...
 Rediff.com3 weeks ago Robust review before PSU bank chiefs are selected  Rediff.com2 weeks ago
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Sharp rate cuts by RBI possible from 2015

Sharp rate cuts are in store in 2015, as the Reserve Bank of India’s commitment to bring down inflation might make room for these, even if the US Federal Reserve starts raising interest rates, experts believe.RBI is committed to bringing down retail inflation to eight per cent by January 2015 and six per cent by January 2016. Though CPI-based inflation rose to 7.96 per cent in July from 7.46 per cent in June, it is seen stabilising in the months ahead.“Lower inflation would enhance ...
 Rediff.com1 month ago
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5 takeaways from RBI's policy review

There are enough dovish signals in the governor’s statement to indicate a pro-growth policy going forward.In line with market expectations, Reserve Bank of India governor Raghuram Rajan on Tuesday left key interest rates unchanged. The repo rate and cash reserve ratio (CRR) remained at 8 per cent and 4 per cent, respectively. However, the RBI cut statutory liquidity ratio (SLR) by 50 basis points to 22 per cent in an attempt to free up resources for banks. Though the governor seems more ...
 Rediff.com1 month ago
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Accept self-attested documents to open account: RBI to banks

The Reserve Bank of India on Tuesday relaxed 'know your customer' norms by allowing self-certification of documents needed for opening bank accounts. "With a view to easing difficulties faced by common people while opening bank accounts and during periodic updating, guidelines on KYC will be further simplified with immediate effect," the central bank said in its monetary policy statement. RBI has asked banks to ‘allow self-certification; accept a certified copy of the document by ...
 Rediff.com1 day ago
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RBI pegs GDP growth to accelerate to 6.3% next fiscal

The Reserve Bank of India on Tuesday said the country's gross domestic product growth, which it estimates to be 5.5 per cent in the current fiscal, will improve to 6.3 per cent in 2015-16. "For 2014-15, real GDP growth is projected to lie between 5 and 6 per cent, with a central estimate of 5.5 per cent. . . for 2015-16, real GDP growth is projected to rise to 6.3 per cent," the central bank said in its Monetary Policy report released on Tuesday. It said the 5.7 per cent growth in the first ...
 Rediff.com1 day ago HSBC sees higher India growth, lower inflation in coming quarters  Rediff.com2 weeks ago India on its way back to 7% growth, 6% inflation: Citigroup  Rediff.com1 month ago
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Markets end lower ahead of RBI policy review

Benchmark shares indices ended tad lower on Monday, amid a volatile trading session, with financials leading the decline ahead of the RBI monetary policy review on Tuesday. The 30-share Sensex ended down 29 points at 26,597 and the 50-share Nifty lost 10 points to close at 7,959. In the broader market, the BSE Mid-cap index ended up 1% and Small-cap index gained 1.5%. The market breadth ended strong on the BSE with 1,855 shares advancing and 1,087 shares declining. Global Markets: Asian ...
 Rediff.com2 days ago Markets decline on caution ahead of the Union Budget  Rediff.com2 months ago
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Key numbers that RBI will consider for its policy stance

The next announcement from the Reserve Bank of India about its monetary policy will be on September 30. In spite of Governor Raghuram Rajan’s repeated concerns about inflation, many think there may still be a loosening of stance.For the first time in several years, credit growth fell below 10 per cent recently, as Table 1 shows; deposit growth, meanwhile, is holding firm several percentage points higher. And, concerns about growth persist. As Table 2 shows, the index of industrial ...
 Rediff.com1 week ago RBI best judge on policy rate, says Jaitley  Rediff.com1 month ago Why RBI is right in maintaining status quo  Rediff.com1 month ago Budget: FM, Rajan in tune on policy  Rediff.com2 months ago
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State Bank of India tops mobile banking chart

The country’s largest lender, State Bank of India (SBI), has emerged as the leader in mobile banking with 50 per cent market share in this segment. “SBI, with 11.5 million registered mobile banking customers, has become the indisputable market leader in this segment and way ahead of the nearest competitor in the market with 50 per cent market share,” the bank said. The bank attributed the numbers to Reserve Bank of India (RBI) data. Currently, the bank's user base for mobile ...
 Rediff.com1 week ago
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