India's economy is likely to grow by 6-6.2 per cent in the current fiscal, lower than 6.5 per cent in 2011-12 which itself was the slowest in nine years, according to a survey of economists and indust

In view of high inflation and deficient monsoon rainfall, the Reserve Bank may find it difficult to cut the key lending rate to boost the economy as is being demanded by the industry.

The Reserve Bank on Monday hinted at holding on to its elevated rates in the quarterly monetary policy review on Tuesday, saying there are increased risks on inflation scenario and lack of action on the fiscal front.

Banking transactions through mobile phones have more than trebled to Rs 286 crore during May on account of a higher number of users with hand-held devices.

The value of such transactions stood at Rs

Bankers expect RBI to cut cash reserve ratio by up to 0.50 per cent in its policy review on July 31 even as drought is staring at the country which could fuel price rise.

Faced with slowing economic growth and a dangerously high balance of payments deficit, about the last thing India needs is food prices pushing inflation higher, but that is just what the weather gods are brewing.

Reserve Bank Deputy Governor K.C. Chakrabarty has called for a 'social and cultural revolution,' especially on the religious front to reduce demand for gold which will, in turn, ease current account

The Reserve Bank of India (RBI) has increased the priority sector lending target for foreign banks with 20 branches or more to 40 per cent from 32 per cent in a phased manner over a maximum period of five years starting April 1, 2013.

India's economy will grow at its slowest pace in a decade in fiscal 2013, with tight monetary policy, political gridlock and a weakening global economy prompting analysts to slash their forecasts, a R

The Reserve Bank is looking into the issue of non-compliance of anti-money laundering norms by the Indian staff of HSBC raised by a US Senate Committee, a senior Finance Ministry official said on Thursday.