A benchmark index for Indian equities, Sensex closed 50 points higher after the nervous trader sentiments due to the central bank's decision to raise cash reserve ratio (CRR) by 75 basis points. 
 
The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at ...

A benchmark index for Indian equities plunged 213 points on Friday morning after the fear of the announcement of restrictive credit policy by the Reserve Bank of India (RBI).   
 
The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 16,253.82 ...

India’s apex bank The Reserve Bank of India (RBI) has advocated for maintaining growth before making any changes to monetary policy. This was communicated by a central bank official recently in a meeting.
 
"RBI has already started the first phase of exit in its October policy, ...

India's central bank the Reserve Bank of India (RBI) has issued directives to asked all banks to take effective steps to ensure that none of their customers have links with any terror group like the Al-Qaida or the Taliban.
 
The Reserve Bank of India (RBI) has asked these banks to scan all ...

In order to push the growth rate in the face of global economic slowdown, the Reserve of India (RBI) on Tuesday (April 21) lowered its key short-term rates by 25 basis points each.  The RBI brought down the repo rate to 4.75 percent and the reserve repo rate to 3.25 percent. The repo rate is ...

The Reserve Bank of India (RBI) has announced cuts in repo rate and reserve repo rate by 50 basis point each. With these reductions, the repo rate has come down to 5 percent from 5.5 percent and reserve repo rate has declined to 3.5 percent from 4 percent. The repo rate is the rate at which ...

In its latest policy measures to revamp the slowing economy, the Reserve Bank of India (RBI) has left all key rates unchanged including the repo, reverse repo and bank rate. In order to ensure liquidity in the financial system, RBI has left the Cash Reserve Ratio (CRR) at the current ...

The Reserve Bank of India (RBI) slashed two key interest rates which will enable to lower the cost of borrowings for commercial banks and help them reduce interest rates for the corporate sector. According to RBI governor, D. Subbarao, the repurchase rate, or the repo rate has been cut by 100 basis ...

In order to infuse liquidity in country's financial market, the Reserve Bank of India (RBI) has announced on November 1, 2008 to go for reduction in key interest rates. The central bank of India has also decided to cut down minimum cash balance. RBI will infuse additional liquidity worth Rs 400 ...

The Reserve of India (RBI) has announced to cut the short term lending rate (repo rate) by 100 basis point to 8 per cent. The recent move is supposed to be a part of a series of measures by RBI to moderate inflation and ensure economic growth. According to finance minister P Chidambaram, the ...

RBI has removed a FEMA regulation which binds FIIs to restrict their investment in the Indian capital market in the ratio of 70:30 between equity and debt. The latest decision is in accordance with SEBI's new decision where the conditions limiting FIIs' allocation of funds between debt and equity ...

The Reserve Bank of India has announced a further cut in the cash reserve ratio (CRR) by 1 per cent. Last week also the RBI had announced a 150 basis points reduction in CRR. This week's cut in CRR by 100 basis points will bring down the rate from 7.5 per cent to 6.5 per cent. As per the new ...

In order to improve liquidity condition in Indian market the Reserve Bank of India (RBI) has reduced cash reserve ratio (CRR) by 100 basis points. As per the new move, the banking system of the country will get about Rs 60,000 crore compared to earlier amount of Rs 20,000 crore. In a ...

RBI relaxing its M-banking (Mobile Banking) has raised its transaction limit to Rs 5,000 per day for fund transfers; purchases up to Rs 10,000 have been allowed. The measure from the RBI has come after numerous requests from its customer. Factually, RBI was left behind in M-banking by ICICI Bank ...

RBI has proposed a guideline for mobile payments which would enable mobile subscribers to credit or debit money from their bank accounts. The proposal from the bank said that the framework would be such so as to enable transfer of funds from account in one bank to another in the same bank or any ...

The Reserve Bank of India (RBI) has raised the limit for advance remittance for import of services from $100,000 to $500,000 without bank guarantee. According to RBI, the liberalized policy is aimed to facilitate payment to overseas companies. The new policy will help the domestic companies to ...

In its effort to meet the challenge of fake currencies RBI will withdraw currency notes printed between years 1996-2000. According to RBI, most of the counterfeit notes of denominations 10, 20, 50 and 100 were of 1996 and 2000 series. The new series of currency will have increased security ...

The RBI has allowed exchange-traded currency futures by putting out guidelines on the same. The guidelines in this regard have been announced. Under these guidelines, three exchanges have applied to the Securities and Exchange Board of India to start the currency futures — the BSE, the NSE, ...

Union Bank of India has won Rajbhasha Shield Competition for the year 2006-07. The award was introduced Reserve Bank of India for promotion of national language Hindi in public sector banks and other financial institutes run by government of India.
 
Union Bank of India is considered one of ...

Reserve Bank of India in order to lower down inflation rate has hiked repo rate by 50 bps and CRR by 25 bps. These are short term measures to curve inflation. Earlier, in last month RBI had hiked repo rate by 50 basis points to 8.5 per cent. Inflation has been a big issue for RBI and government of ...

Reserve Bank of India has forecast that India’s fiscal deficit will fall in the financial year 2009. RBI says the reduction would be in the tune of 0.4 -0.6% in 2008 -2009, and has added that the cash balances of the government have remained in surplus up to July 18.
 
The release from ...

The Reserve Bank of India (RBI) raised its repo rate by 0.25 percent on Wednesday from 7.75 percent to 8 percent. The RBI hiked it short term lending rate, a move that is likely to force banks to increase interest rates and help check inflation. The RBI officials also claimed that the decision has ...

Following the example of the China UnionPay card, the Reserve Bank of India too is planning to introduce an IndiaPay credit card during the second half of 2009. RB Barman, who is the RBI executive director, recently remarked that India which is inspired by the success of China UnionPay card will ...

The Reserve Bank of India (RBI) has declared its new credit policy for the year 2008-09. The announcement was made in a meeting during with the chief executives of the major commercial banks of the country. Here are the highlights of the new credit policy of the RBI:
 

Bank rate, Repo ...

The apex financial body of the country, Reserve Bank of India (RBI) on Thursday, April 24, 2008, issued certain guidelines for banks’ recovery agents, failing to adhere to which may result in banning the operations of the concerned bank. It may further lead to more stringent actions or ...