Non-inflationary growth down at 7.5 pct - RBI chief
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
June inflation at 7.25% year-on-year, below forecast
India's headline inflation slowed to its lowest level in five months in June, helped by slower increases in fuel prices, adding to pressure on the RBI from business leaders to cut interest rates to help revive the lacklustre economy.
RBI for debt recast of textile units on a case-by-case basis
Rejecting across the board restructuring of loans for the cash-starved textile sector, the Reserve Bank has asked banks to consider debt recast for the industry on a case-by-case basis.
Inflation likely hit 2012 high in June: Reuters Poll
Soaring food costs likely pushed Indian inflation to its highest level for 2012 in June, a Reuters poll showed, suggesting the Reserve Bank of India (RBI) will remain hawkish on monetary policy.
The
RBI concerned over slow deposit growth: IBA head
The Reserve Bank of India has expressed concern over slow deposit growth in a meeting with bankers, Alok Misra, chairman of the Indian Banks Association, said on Monday.
Bankers met the RBI Deputy Go
RBI launches website to explain detection of fake currency
Seeking to spread awareness among public about fake notes, the Reserve Bank has launched a website explaining ways to detect counterfeit notes.
With a tagline 'Pehchano Paise Ki Boli, Kyunki Pai
RBI for customer-friendly savings bank deposit rate policies
The Reserve Bank wants larger banks to come out with customer-friendly interest rate policies following the deregulation of savings bank rate like their smaller counterparts in the private sector.
June services PMI expands for 8th month at slower pace
India's services sector in June expanded for the eighth straight month although at a slower clip, but new orders picked up and firms hired workers at the fastest pace in a year, a business survey show
RBI focussing on maintaining liquidity in comfort zone
The Reserve Bank is continuously focussing on maintaining liquidity conditions within the comfort zone, Deputy Governor Subhir Gokharn said on Wednesday.
"Whatever is causing liquidity stress, whethe
RBI will focus on progress of monsoon: Gokharn
The Reserve Bank of India would pay more attention to the progress of the south west monsoon as it goes into its 'policy date', RBI Deputy Governor Subir Gokharn said on Wednesday.
Observing that