The Reserve Bank of India (RBI) left interest rates unchanged for the second time since June, in line with expectations, while cutting its growth forecast and lifting its inflation outlook as economic conditions deteriorate.

An Andhra Pradesh law, said to be the root cause of the collapse of microfinance in India and the state in particular, has no jurisdiction over microfinance institutions registered as Non-Banking Fina

Contrary to demands for rate cuts raised vociferously in certain quarters, an overwhelming majority of corporates and financial institutions do not expect any changes in the repo and CRR in the next w

India's non-inflationary growth rate has fallen to around 7.5 percent from 8 percent in the post-Lehman crisis period, RBI chief Duvvuri Subbarao said on Tuesday.

Assessing India's potential growth r

Reserve Bank Governor D. Subbarao said the inflation numbers on both the wholesale and retail front are way above the central bank's comfort level.

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

The Reserve Bank of India has started a web portal to spread awareness about counterfeit currency notes and ways to identify them.

The website, www.paisaboltahai.rbi.org.in, graphically demonstrates

Tamil Nadu has set a good example for other states by showing that diversification in industries is the best way to manage risk in sluggish economic situations, said RBI deputy governor Dr Subir Gokar

Banks and institutions cannot ‘behave in an irresponsible manner’ and expect the Reserve Bank alone to ensure smooth functioning of the financial markets, RBI Deputy Governor K.C. Chakrabarty said on

Bankers have expressed concern over closure of branches in agency areas on “grounds of security”.
Raising this issue at the SLBC meet on Tuesday, Andhra Bank CMD and SLBC president B.A. Prabhakar sa