Search For "reserve bank"
Limited room for rate cut if inflation target is to be achieved: SBI repor
Updated : 8 years, 5 months ago IST
New Delhi [India], Sept 27 (ANI): The State Bank of India (SBI) in its report authored by Dr. Soumya Kanti Ghosh, Group Chief Economic Adviser stated that if the Reserve Bank of India (RBI) moves towards the four percent inflation target in January 2018 as was suggested earlier, there would
Read More
Using 'sophisticated' CVPS machines to tally demonetised notes, affirms RB
Updated : 8 years, 6 months ago IST
New Delhi [India], Sept. 10 (ANI): The Reserve Bank of India (RBI) has refuted reports of it not using 'counting machines' for tallying the total number of demonetised notes of Rs 500 and Rs. 1,000 in any of its offices, saying that Currency Verification and Processing (CVPS) machines are be
Read More
PM Modi converted black money of 'thieves' into white: Rahul
Updated : 8 years, 6 months ago IST
Parbhani (Maharashtra) [India] September 08 9ANI): Congress Vice President Rahul Gandhi on Friday alleged that Prime Minister Narendra Modi converted black money of every thief into white money through demonetisation.
Read More
FICCI for substantial slash in policy rates by RBI
Updated : 8 years, 6 months ago IST
New Delhi [India], August 11 (ANI): The Federation of Indian Chambers of Commerce and Industry (FICCI) urged for the need to enable a further cut down of policy rates by the Reserve Bank of India (RBI), to spur demand and help ease the pressure on corporate balance sheets.
Read More
Top bankers laud RBI's rate cut, says step will reinforce confidence
Updated : 8 years, 6 months ago IST
New Delhi [India], August 2 (ANI): MD and CEO ICICI Bank, Chanda Kochhar on Wednesday said that the rate cut by the Reserve Bank of India (RBI) is a positive step, which will react to incoming data in a calibrated manner to reinforce the confidence amongst global investors.
Read More
RBI's rate cut decision to act as investment booster: FICCI
Updated : 8 years, 6 months ago IST
New Delhi [India], August 2 (ANI): FICCI President Pankaj Patel on Wednesday welcomed Reserve Bank of India's (RBI) move to cut 25 basis points (bps) in repo rate calling it an investment booster.
Read More
Deregulation will benefit real estate development, says Surendra Hirananda
Updated : 8 years, 6 months ago IST
New Delhi [India], August 2 (ANI): Chairman and MD of House of Hiranandani Surendra Hiranandani on Wednesday commented on the Reserve Bank of India's (RBI) rate cut of 25 basis points (bps) upholding that deregulation will lead to the success of government initiatives regarding real est
Read More
RBI will improve transparency in credit markets going forward, says Viral
Updated : 8 years, 6 months ago IST
New Delhi [India], Aug 2 (ANI): Addressing the twin balance sheet problems, which remains on the Reserve Bank of India's (RBI) top agenda, Deputy Governor Viral Acharya on Wednesday said that the bank will initiate three steps to improve the financial intermediation in the economy going
Read More
RBI repo rate reduction appropriate for sustainable growth : DEA Secy
Updated : 8 years, 6 months ago IST
New Delhi [India], August 2 (ANI): The Secretary, Department of Economic Affairs (DEA) Subhash Chandra Garg on Wednesday asserted that the Government welcomes the rate cut of 25 basis points (bps) by the Reserve Bank of India (RBI).
Read More
Working with Centre to ease stressed corporate borrowings: RBI Governor
Updated : 8 years, 6 months ago IST
Mumbai (Maharashtra) [India], August 2 (ANI): Reserve Bank of India (RBI) Governor Urjit Patel on Wednesday highlighted that it is working in close coordination with the Centre to ease out corporate borrowings and recapitalise public sector banks within the fiscal deficit targets.
Read More
Sensex falls over 100 points amid RBI announcing rate cut by 25 bps
Updated : 8 years, 6 months ago IST
New Delhi [India], Aug 2 (ANI): After the Reserve Bank of India (RBI) on Wednesday announced reduction in the reverse repo rate by 25 basis points (bps), volatility gripped the benchmark indices as the Sensex dipped down 106.82 points at 32468.35, while the Nifty was down 38.5 points at 1007
Read More
RBI cuts repo rate by 25 basis points to 6 percent
Updated : 8 years, 6 months ago IST
New Delhi [India], Aug 2 (ANI): The Reserve Bank of India (RBI) on Wednesday announced a reduction in the reverse repo rate by 25 basis points (bps) under the liquidity adjustment facility (LAF), bringing it down from 6.25 percent to six percent, effective immediately.
Read More