Search For "monetary policy"
RBI introduces Ombudsman Scheme for NBFCs
Updated : 8 years ago IST
New Delhi [India], Feb 23 (ANI): As announced in its Monetary Policy Statement on February 7, India's central bank, Reserve Bank of India (RBI), on Friday launched the Ombudsman Scheme for Non-Banking Financial Companies (NBFCs).
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Closing bell: Sensex ends 113.23 pts lower, Nifty at 10,476.70
Updated : 8 years, 1 month ago IST
Mumbai (Maharashtra) [India], Feb 7 (ANI): Following the announcement of the Reserve Bank of India's (RBI) sixth bi-monthly monetary policy statement, market indices traded lower on Wednesday evening.
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RBI keeps repo rate, reverse repo rate unchanged
Updated : 8 years, 1 month ago IST
Mumbai (Maharashtra) [India], Feb 7 (ANI): The Reserve Bank of India (RBI) on Wednesday kept the repo rate and reverse repo rate unchanged at 6 percent and 5.75 percent respectively.
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RBI to announce its Monetary Policy today
Updated : 8 years, 1 month ago IST
New Delhi [India], Feb 7 (ANI): The Reserve Bank of India (RBI) on Wednesday will announce its decisions on the rate cuts after its Monetary Policy Committee (MPC) meeting, which will be the first after Union Budget 2018-19.
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RBI likely to keep policy rates on hold
Updated : 8 years, 1 month ago IST
Mumbai (Maharashtra) [India], Feb 6 (ANI): In the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) meeting, which will be held today in Mumbai, the apex bank is expected to keep policy rates on hold for this week.
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RBI need not react to bond yields, MSP for interest rate review: ASSOCHAM
Updated : 8 years, 1 month ago IST
New Delhi [India], Feb 4 (ANI): The Reserve Bank of India (RBI) should not over-react to the high yield pressures of the bond market, along with the government promising a substantial revision in the Minimum Support Price (MSP) for farmers and refrain from going in for any hike in the benchm
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Retail inflation in November sees uptick to 4.88 percent
Updated : 8 years, 3 months ago IST
New Delhi [India], Dec 12 (ANI): India's retail inflation on Tuesday grew at 4.88 percent in November, citing an increase in foods and oil prices.
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RBI caps merchant discount rates to boost debit card transactions
Updated : 8 years, 3 months ago IST
Mumbai (Maharashtra) [India], Dec 6 (ANI): In a bid to boost transactions using debit cards, and digitisation on the whole, the Reserve Bank of India (RBI) on Wednesday has capped merchant discount rate (MDR) and will create a framework for asset-light acceptance infrastructure.
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Banking system liquidity moving towards neutrality: RBI Dy Gov
Updated : 8 years, 3 months ago IST
Mumbai (Maharashtra) [India], Dec 6 (ANI): Reserve Bank of India (RBI) Deputy Governor Viral Acharya on Wednesday highlighted that as far as the present condition is concerned, the banking system liquidity is moving towards neutrality.
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Looming inflation may hamper interest rate cuts
Updated : 8 years, 3 months ago IST
New Delhi [India], Nov 25 (ANI): Inflation is expected to remain a key concern both for the government and Reserve Bank of India (RBI), thus reducing hopes of a cut in interest rates, the ASSOCHAM said.
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Moody's upgrade well deserved for India's fiscal path: Chanda Kochhar
Updated : 8 years, 3 months ago IST
New Delhi [India], Nov 17 (ANI): Hailing the upgrade made by US-based Moody's over India's sovereign credit rating, ICICI Bank CEO and MD Chanda Kochhar on Friday said that the decision will help in cementing the stability and sustainability of Indian economy's fiscal path.
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RBI disappoints by keeping its rates unchanged: FICCI
Updated : 8 years, 5 months ago IST
New Delhi [India], Oct 4 (ANI): Commenting on the monetary policy announced today President FICCI, Pankaj Patel has said that FICCI is disappointed that the MPC has chosen to hold the repo rate and not reduce it. FICCI had sought a 100 bps reduction in interest rate.
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