The Reserve Bank and other Indian agencies are seeking details from British financial regulator FSA about two UK-based global banking giants HSBC and Standard Chartered whose outsourcing of key oversi

The return of a pro-market reformer to India's finance ministry has cheered investors and contributed to a market rally, but Palaniappan Chidambaram will need both political deftness and some luck to

The Reserve Bank has asked all CBS (core banking solutions) enabled banks to issue only 'payable at par' or 'multi-city' cheques to their customers to bring about more efficiency in cheque clearing.

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

More economists slashed their economic forecasts for India with Citigroup and CLSA cutting their outlooks for growth to 5.4 per cent and 5.5 per cent respectively in the fiscal year ending March, with

Reserve Bank Governor D. Subbarao on Monday met Finance Minister P. Chidambaram and discussed the macro-economic situation.

This was the first meeting between the RBI Governor and Chidambaram fo

Finance Minister Palaniappan Chidambaram said on Monday he intends to shortly unveil a path of fiscal consolidation, assisted by a panel.

Chidambaram also said clarity and stability in tax laws would

Poor monsoon continues to put pressure on prices of staple vegetables, including tomato and potato, and could further push up retail inflation which is hovering above the double-digit mark.

Rates

India needs to focus more on manufacturing in order to achieve GDP growth more than 6.5 per cent, Reserve Bank of India has said.

The manufacturing sector has the scope for creating jobs for million

India's services sector growth rate saw a slight fall in July but remained in the positive terrain for the ninth month in a row, amid rise in new orders and employment levels holding up, an HSBC surve