Mumbai: Dr Raghuram Rajan swept into office as the 23rd governor of the Reserve Bank of India with a spectacular bunch of high profile, but down-to-earth changes that would be undertaken in the next

Mumbai: Reserve Bank of India Governor Duvvuri Subbarao cancelled an appearance at a Mumbai college on Monday because he was called to a meeting with the finance minister and prime minister, accordin

Showing concerns over hardening inflation, the Reserve Bank on Tuesday left the key interest rate unchanged but reduced cash reserve ratio by 0.25 per cent to infuse additional liquidity that will inj

India will unveil a 'credible and feasible' fiscal consolidation path for the next five years, Finance Minister P. Chidambaram said on Monday, days after a government panel said the economy was on the

Finance Minister P. Chidambaram on Saturday said the UPA government is committed to a well-regulated financial market and help entrepreneurs to raise capital to achieve higher growth.

Chidambaram, wh

Government has asked public sector banks (PSBs) to review the level of activity in rural accounts which were opened under financial inclusion drive.

The state-owned banks were recently asked to ensu

Private lender Yes Bank Ltd received a retail equities broking licence from the RBI stepping up competition in the financial sector for a piece of the country's savings.

Yes Bank expects to launch op

India's biggest lender, State Bank of India, said on Saturday it has cut its benchmark prime lending rate, the interest rate that commercial banks normally charge, by 25 basis points to 14.50 per cent

Reserve Bank deputy governor H.R. Khan on Saturday said there has not been any change in the government borrowing programme for fiscal 2013 as of now.

"As of now, we are going as per the budgeted

The government will take more policy steps in the next one-and-half months to revive growth, Finance Minister P Chidambaram said while appreciating the RBI's initiative to unlock Rs 17,000 crore of