The Reserve Bank of India (RBI) on Monday said that the growth in the Indian economy is likely to remain below potential in FY 2013 as newer risks to growth have arisen from slowing global trade, domestic supply bottlenecks of industrial inputs, coal and electricity and less than satisfactory monsoon so far.

There is a very slim chance of the Reserve Bank cutting interest rates in the forthcoming monetary policy meeting scheduled on July 31, HDFC Chairman Deepak Parekh on Thursday said.

"Unless the Rese

In a bid to help low and medium income households to own their own dwellings, the government is likely to announce one per cent of interest subsidy on housing loans up to Rs15 lakh with cost of the ho

Mumbai, Oct. 29: A RBI appointed sub-committee will examine the recovery mechanism of microfinance institutions and their interest rate practices, amid criticism of these lenders charging exorbitant i