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Analysts says CRR cut indicates RBI's concern on growth

Analysts and economists have welcomed the RBI decision to keep the rates unchanged in view of the sticky inflation and increase the liquidity with a marginal CRR cut, saying an interest reduction is a

Diesel hike gives RBI room to cut rates: PMEAC

Welcoming the fuel price hike decision by the government, PMEAC and economists today said the decision provides room for Reserve Bank to ease monetary policy to give thrust on growth.

The hike in di

No easing, just teasing, from RBI chief Subbarao


The Reserve Bank of India (RBI) Governor Duvvuri Subbarao has a penchant for springing surprises.

He often opts for the unexpected when it comes to monetary policy reviews, recently disappointing tho

SBI cuts fixed deposit rates by 0.5-1%


Country's largest bank SBI on Wednesday announced reduction in interest rate on fixed deposits by 0.5 per cent for most of the maturity periods, a move likely to be followed by other lenders.


RBI snubs SBI chief on CRR comments


A top RBI official on Monday snubbed SBI chairman Pratip K. Chaudhuri for his remarks suggesting abolition of Cash Reserve Ratio, bluntly telling him that he has to find 'some other place' if he co

RBI widens StanChart, HSBC probe to other foreign banks


The Reserve Bank has widened its probe into the affairs of British banking giants HSBC and Standard Chartered to a host of other foreign banks for alleged breach of controls against money laundering a

RBI stays hawkish, urges govt to trim expenditure


The Reserve Bank of India (RBI) said on Thursday that fighting inflation remained the cornerstone of its monetary policy, and urged the government to cut expenditure, indicating it was unlikely to act

Declining investments cause of concern: Subbarao


The Reserve Bank of India Governor Duvvuri Subbarao said on Monday domestic factors were responsible for the slowdown in the country's growth momentum, and added declining investments were a cause for

RBI sells USD 2.2 bn in forex mkt in Apr-June qtr

The Reserve Bank sold over USD 2.2 billion from its foreign exchange reserves during the April- June quarter to arrest the continuous slide of rupee.

Of this the central bank sold the maximum quantit

RBI feels risks high, unlikely to cut rates


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.

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I want to begin with a little story that was told to me by a leading executive at Aptech. He was exercising in a gym with a lot of younger people.

Shekhar Kapur’s Bandit Queen didn’t make the cut. Neither did Shaji Karun’s Piravi, which bagged 31 international awards.