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  • Banks seek a pause in rate hike in the face of slowdown in demand Monday, July 18, 2011 @ 4:37PMBanks seek a pause in rate hike in the face of slowdown in demandBanks seek a pause in rate hike in the face of slowdown in demand
  • ING Vysya's net rises 36% in Q1, beats forecast Monday, July 18, 2011 @ 8:49AMPrivate sector lender ING Vysya Bank on Monday posted a forecast-beating 36% jump in net profit for the June quarter led by higher lending growth, fee income and better asset quality.
  • Headline inflation rises to 9.44% in June Thursday, July 14, 2011 @ 4:36AMThe Hindu A file photo of a LPG bottling plant. Headline inflation rose to 9.44 per cent in June on the back of rising prices of fuel and manufactured products.
  • The Mehsana Urban Co-operative Bank Ltd penalised Thursday, July 14, 2011 @ 4:27AMMumbai, Jul 13 : The Reserve Bank of India has imposed a monetary penalty of Rs one lakh only on The Mehsana Urban Co-operative Bank Ltd, Mehsana, for violating different rules and regulations.
  • ‘Govt, RBI working in tandem to bring down inflation to a comfortable level' Thursday, July 14, 2011 @ 4:21AMExpressing concern over rising inflation, the Finance Minister, Mr Pranab Mukherjee, has said both the Government and the central bank are working in tandem to bring it down to a comfortable level.
  • India Stocks Extend Gain as Inflation Climbs Less Than Forecast Thursday, July 14, 2011 @ 4:18AMIndia’s benchmark stock index surged for the second day after the monthly inflation rate climbed less than forecast.
  • India's Inflation Quickens; Another Rate Rise Expected Thursday, July 14, 2011 @ 2:12AMIndian inflation quickened in June, driven by higher prices of manufactured goods and fuel, adding pressure on the central bank to raise rates at its policy review later this month despite signs of slowing growth in Asia's third-largest economy.
  • May IIP growth below expectations at 5.6% y-o-y Tuesday, July 12, 2011 @ 1:11AMIndustrial output grew 7.8 per cent in the 2010/11 fiscal year that ended in March, slower than 10.5 per cent clocked in the previous fiscal year.
  • Draft Microfinance Bill gives RBI total control Wednesday, July 6, 2011 @ 7:37PMDraft Microfinance Bill gives RBI total controlDraft Microfinance Bill gives RBI total control
  • Investment fetters on banks Wednesday, July 6, 2011 @ 5:13PMMumbai, July 6: The Reserve Bank of India today capped banks’ investment in the equity capital of non-financial services companies at 10 per cent of the equity capital even as it asked lenders to desist from exercising control or significant influence over such entities.
  • RBI outlines limits on banks equity investments Wednesday, July 6, 2011 @ 4:20PMThe Reserve Bank of India on Wednesday set prudential limits for banks' equity investments in other companies and subsidiaries.
  • Draft bill sets R5 lakh floor for microfinancers Wednesday, July 6, 2011 @ 4:19PMMicrofinance institutions, which will be regulated by the Reserve Bank of India, must have net owned funds, created out of contributions to capital, reserves or grants or donations received by it, of at least R5 lakh, the Micro Finance Institutions Bill, 2011 released by the finance ministry on Tuesday said.
  • The fall & fall of LIC Mutual fund Wednesday, July 6, 2011 @ 1:38PMOnly 18 months ago, it was the sixth largest fund house, with a corpus of Rs 51,501 crore. Today, LIC Nomura Mutual Fund has lost 80 per cent of this sum and fallen to 16th rank on the list of fund houses, according to the latest figures of the Association of Mutual Funds in India.
  • SC sets up SIT to probe black money Monday, July 4, 2011 @ 3:14PM"If the state is soft to a large extent, especially in terms of the unholy nexus between law makers, law keepers, and law breakers, the moral authority, and also the moral incentives, to exercise suitable control over the economy and the society would vanish", says a SC Bench of Justices Reddy & Nijjar.
  • M&A deals involving Indian cos halve to USD 7.7 bn in Jun qtr Sunday, July 3, 2011 @ 12:22AMNew Delhi, July 3 (PTI) With high inflation and weak stock market playing spoilsport, total value of M&A deals involving Indian companies more than halved to USD 7.7 billion in the June quarter, says global consultancy firm Ernst & Young.The last three months witnessed 212 M&A deals with a disclosed deal value of USD 7.7 billion."This deal value is approximately 55.3 per cent lower than the ...
  • Speculation flares on central bank top job Wednesday, June 29, 2011 @ 3:56PMWith Reserve Bank of India Governor Duvvuri Subbarao’s three-year term due to end in September, speculation is heating up over who will replace him if, as many in the market and government predict, his term is not extended.
  • Low visibility 25 paise coins to be history from Thursday Wednesday, June 29, 2011 @ 8:17AMMumbai, June 29 (PTI) The 25 paise coin, which has been fading out of the pocket change in the recent years because of low acceptability, will finally become history from tomorrow.The coin, along with those with lower denominations, will be demonetised or cease to be legal tender.Today was the last day to exchange such coins with banks or the Reserve Bank of India."Coins of denomination of 25 ...
  • Market girds for more India H2 borrowing; RBI buys may help Wednesday, June 29, 2011 @ 7:10AMMUMBAI (Reuters) - Investors are growing resigned to the expectation that India will issue more bonds than budgeted in the second half of the year and are focused on how much new paper will be issued and whether market buying by the Reserve Bank of India (RBI) will ease the pain.
  • Fuel price hike not to impact deficit, says FM Wednesday, June 29, 2011 @ 6:13AMExuding confidence that the economy will grow by 8.5 per cent in 2011-12, Finance Minister Pranab Mukherjee on Wednesday said the recent hike in prices of petroleum products will not have much impact on the fiscal deficit.
  • Scoreboard: 6-24 Thursday, June 23, 2011 @ 11:56PMNHL
  • Food price index up 9.13 pct y/y as at June 11 - govt Thursday, June 23, 2011 @ 1:32AMNEW DELHI (Reuters) - India's food price index rose 9.13 percent and the fuel price index climbed 12.84 percent in the year to June 11, government data showed on Thursday.
  • Bring economic reforms back on stream Monday, June 20, 2011 @ 10:25AMThe Reserve Bank of India was on strong grounds when it raised its short-term interest rates by 25 basis points. This will make loans of all kinds costlier.
  • Gopinath retires, says no glass ceiling at RBI Monday, June 20, 2011 @ 9:19AMThe Reserve Bank of India (RBI) Deputy Governor Shyamala Gopinath, who retired today, said her gender was never an issue in her nearly four decades of service during which she successfully saw through many a challenges.
  • More rate hikes in offing Thursday, June 16, 2011 @ 5:12PMMumbai/New Delhi, June 16: Bankers and the pundits on the financial markets expect the Reserve Bank of India to raise interest rates by another 50 basis points before it winds up the current cycle of rate hikes that began in March last year.
  • RBI does as expected, hikes rates by 25 bps Thursday, June 16, 2011 @ 4:56PMTenth hike in 15 months will certainly not be the last if prices do not come down.
  • Reserve Bank hikes key rate to rein in inflation Thursday, June 16, 2011 @ 4:49PMMUMBAI: The Reserve Bank of India (RBI) on Thursday hiked the short-term indicative policy rate (the repo rate) by 25 basis points to 7.5 per cent from 7.25 per cent with immediate effect.
  • Slowdown could hit corporate tax collection: FinMin Thursday, June 16, 2011 @ 1:35PMAmid slowdown in the industrial production which may be further dampened by hike in key policy rates by the Reserve Bank of India (RBI), the Finance Ministry today said corporate tax collection could take a beating in the current fiscal.
  • RBI action will check inflationary expectations: Pranab Thursday, June 16, 2011 @ 1:35PMMr Pranab Mukherjee. The Reserve Bank of India (RBI) move to hike repo rates by 25 basis points was on expected lines, the Finance Minister, Mr Pranab Mukherjee said here on Thursday.
  • Pranab endorses RBI's rate hike Thursday, June 16, 2011 @ 7:04AMThe Reserve Bank of India (RBI) move to hike repo rates by 25 basis points was on expected lines, the Finance Minister, Mr Pranab Mukherjee said here on Thursday.
  • India hikes interest rates by 25 bps, as expected Thursday, June 16, 2011 @ 2:36AMMUMBAI (MarketWatch) -- The Reserve Bank of India on Thursday hiked interest rates by 25 basis points, citing ongoing inflation pressures in the economy. The move was in line with the consensus forecast of economists surveyed by Dow Jones Newswires. However, some expected the central bank might pause, given recent signs of cooling in the economy. But "the monetary policy stance remains firmly ...
  • BSE briefly turns positive; RBI rate hike factored in Thursday, June 16, 2011 @ 2:13AMMUMBAI (Reuters) - The BSE Sensex erased early losses and briefly turned positive on Thursday afternoon, with lenders rising after the RBI raised rates in line with expectations.
  • RBI raises benchmark interest rates by 25 bps to cool inflation Thursday, June 16, 2011 @ 2:11AMRBI on Thursday raised its benchmark rates by 25 basis points to 7.50% and hiked reverse repo rates by 25 bps to 6.50%.
  • RBI to continue with tight monetary policy to check inflation Thursday, June 16, 2011 @ 2:10AMMumbai, June 16 (PTI) The Reserve Bank of India, which hiked interest rates for the tenth time in 15 months on Thursday, said it will continue with its tight monetary policy as inflation is spreading to the non-food segment also, which is a concern."Based on the current and evolving growth and inflation scenario, the Reserve Bank will need to persist with its anti-inflationary stance of monetary ...
  • India ups benchmark interest rates 25 basis points Thursday, June 16, 2011 @ 2:05AMAn Indian youth sits among piles of watermelons at the Gaddiannaram wholesale fruit market on the outskirts of Hyderabad. India's central bank on Thursday raised its key short-term interest rates by ...
  • $11.46 bn services exports in April, imports $6.88 bn: RBI Wednesday, June 15, 2011 @ 1:33PMIndia's services exports in April stood at $11.46 billion, while imports were valued at $6.88 billion, the Reserve Bank of India (RBI) today said.
  • USD 11.46 bn services exports in Apr, imports 6.88 bn: RBI Wednesday, June 15, 2011 @ 9:50AMNew Delhi, Jun 15 (PTI) India''s services exports in April stood at USD 11.46 billion, while imports were valued at USD 6.88 billion, the RBI today said.This is for the first time monthly figures are being made available. In a press statement, the central bank said now the aggregate data on trade in services will be released on a monthly basis after a gap of about 45 days."As a follow up of the ...
  • Sensex falls sharply, rate hike feared Wednesday, June 15, 2011 @ 5:21AMIndian equities markets were in the red Wednesday afternoon with traders fearing another rate hike by the country's central bank when it takes up the mid-quarter monetary policy review on June 16.
  • Reserve Bank of India likely to continue its baby steps Wednesday, June 15, 2011 @ 4:24AMBangalore, Jun 15: The Reserve Bank of India is likely to continue its hawkish stance and look towards combating inflation as against nursing the growth momentum in view of the hightened concerns of galloping inflation of over nine per cent.
  • Price surge in May sets stage for interest rate hike Wednesday, June 15, 2011 @ 3:35AMHeadline inflation climbed sharply in May, topping market estimates and bolstering expectations of a 25 basis point rate hike later this week. The annual Wholesale Price Index rose 9.06 per cent during the latest reported month, well above April's provisional estimate of 8.66 per cent.
  • POLL - RBI seen raising repo rate by 25 bps on June 16 Wednesday, June 15, 2011 @ 2:55AMMUMBAI (Reuters) - The Reserve Bank of India (RBI) is expected to raise its repo rate by a total of 75 basis points for the rest of 2011, including a 25 basis point increase on Thursday, unchanged from forecasts in a May 3 poll, a Reuters poll found on Tuesday.
  • RBI hints at another rate hike Tuesday, June 14, 2011 @ 2:56PMMUMBAI: The Reserve Bank of India on Tuesday said inflation would continue to face upward pressure in the months ahead, indicating that it could further raise the key interest rate to check rising prices in its mid-quarterly policy review on Thursday.
  • Monetary policy actions may pull down growth: RBI Tuesday, June 14, 2011 @ 2:56PMMUMBAI: The Reserve Bank of India (RBI) on Tuesday admitted that its own tight monetary policy, besides rising crude oil prices and uncertain global environment, poses a threat to India's growth momentum in the current fiscal.
  • Reserve Bank nod must for NBFCs to open subsidiaries abroad Tuesday, June 14, 2011 @ 2:56PMMUMBAI: With an aim to regulate the credit system to the advantage of the country, the Reserve Bank of India (RBI) on Tuesday said non-banking finance companies (NBFCs) cannot open subsidiaries or enter into joint ventures abroad without its permission.
  • Caught in apolicy bind Tuesday, June 14, 2011 @ 1:49PMIf the RBI thought the last fiscal was a trying one with its set of intertwining parameters such as growth that is not fast enough, soaring inflation and exuberant policy makers, it has yet to reckon with the current year's dilemmas.
  • India's May inflation at 9.06pct Tuesday, June 14, 2011 @ 2:58AMNEW DELHI : India 's wholesale price index (WPI) rose an annual 9.06 percent in May, driven by higher manufactured goods prices, government data showed on Tuesday.
  • India needs to tame inflation for 9 pc growth: Report Tuesday, June 14, 2011 @ 1:42AMIndia needs to tame inflation to achieve 9 per cent economic growth in the medium term, the prime minister's economic adviser said on Tuesday.
  • There is no liquidity shortage Monday, June 13, 2011 @ 1:49PMIs there a shortage of liquidity in the system, as suggested by newspaper headlines? The problem is that we do not have an official definition of liquidity.
  • Central banks best positioned to maintain financial stability: Subbarao Friday, June 10, 2011 @ 11:49AMThe central bank is the single entity best positioned to ensure financial stability and manage a financial crisis, though other financial regulators and the Government have a role in maintaining financial stability, according to Dr Duvvuri Subbarao, Governor, Reserve Bank of India.
  • Rupee treads water; global markets eyed for cues Friday, June 10, 2011 @ 8:52AMMUMBAI (Reuters) - The rupee was little changed on Friday as the negative impact of weak local shares and a volatile euro was offset by robust corporate dollar inflows, but importer dollar demand capped gains.
  • Subbarao favours autonomy to achieve medium-term goal Friday, June 10, 2011 @ 7:33AMFavouring greater autonomy, Reserve Bank of India (RBI) Governor D Subbarao today said greater freedom would help central banks to focus on price stability in the medium term.