31 Oct 2020
Nirmala Sitharaman wanted me out of FinMin, says Ex-Finance Secretary
Former Finance Secretary Subhash Chandra Garg on Saturday blamed Finance Minister Nirmala Sitharaman for his sudden transfer from the Ministry.
27 Aug 2019
#NewsBytesExplainer: Why is RBI giving Rs. 1.76L crore to government
Amid an economic slowdown in the country, Reserve Bank of India (RBI) stepped in to bail out Prime Minister Narendra Modi's government.
24 Jun 2019
RBI's Deputy Governor Viral Acharya quits before term ends: Report
Viral Acharya, the Deputy Governor of Reserve Bank of India (RBI), has tendered his resignation, Business Standard reported on Monday.
07 Feb 2019
RBI cuts repo rate by 25bps; loans/EMIs to get cheaper
Taking a major policy U-turn, the RBI's six-member Monetary Policy Committee (MPC) headed by newly-appointed Governor Shaktikanta Das lowered the repo rate by 25 basis points to 6.25%.
01 Jan 2019
Ram Mandir to Urjit Patel: Highlights from PM Modi's interview
As 2018 turned to 2019, Prime Minister Narendra Modi kickstarted the new year with an exclusive interview with news agency ANI.
19 Dec 2018
Didn't fear press: 'Silent PM' Manmohan Singh's jibe at Modi
In an apparent swipe at his successor, Narendra Modi, Dr. Manmohan Singh on Tuesday said he was called the 'silent Prime Minister' but he never shied away from talking to the press.
14 Dec 2018
Operational independence of central banks important: IMF director
The International Monetary Fund (IMF) yesterday said that "operational independence" of central banks like the Reserve Bank of India (RBI) was important for carrying out their responsibilities.
13 Dec 2018
Sensex rises over 200 points, Nifty reclaims 10,800 mark
The equity benchmark BSE Sensex today rose 263.70 points, or 0.74%, to 36,042.77 in early trade, a day after Shaktikanta Das took charge as the new Governor of RBI and promised to take all stakeholders along on key policy issues to maintain growth while keeping inflation under check.
12 Dec 2018
Shaktikanta Das takes charge as new RBI Governor
A day after he was appointed as the new Governor of the Reserve Bank of India (RBI), Shaktikanta Das, on Wednesday, took charge of the central bank.
11 Dec 2018
SC dismisses PIL against Finance Minister Arun Jaitley
The Supreme Court today refused to recall its order by which it had imposed a fine of Rs. 50,000 on a lawyer for filing a PIL against Finance Minister Arun Jaitley, raising allegations relating to the capital reserve of the Reserve Bank of India (RBI).
11 Dec 2018
Shaktikanta Das becomes the new RBI governor
On Tuesday, Shaktikanta Das was made the Governor of Reserve Bank of India after Urjit Patel resigned on Monday. He will join office immediately.
11 Dec 2018
Urjit Patel first RBI Governor to officially resign since 1957
Reserve Bank of India (RBI) Governor Urjit Patel's resignation from his post has made him the third RBI Governor to officially resign.
11 Dec 2018
Assembly poll results, Urjit Patel's sudden resignation upset market
Benchmark equity indices opened with heavy losses today, as investors were on edge ahead of the final assembly election results from five states, amid plummeting rupee after RBI Governor Urjit Patel's unexpected resignation.
10 Dec 2018
Urjit Patel resigns as Governor of Reserve Bank of India
Reserve Bank of India Governor, Urjit Patel, has stepped down from the position with immediate effect amid rift with the government on various issues.
02 Dec 2018
RBI likely to keep interest rate unchanged on December 5
The Reserve Bank is likely to maintain status quo on interest rate in the upcoming monetary policy review on December 5 despite moderation in economic growth and easing inflation, suggested experts.
19 Nov 2018
The falling rupee: Sheds 9 paise against US dollar
The rupee depreciated by 9p to 72.02 against the USD in early-trade today at the interbank foreign exchange.
19 Nov 2018
RBI board meeting: Key issues to be discussed
Amid tensions between the government and the Reserve Bank of India (RBI), the RBI, board, on Monday, started a meeting to try and work out its differences with the government pertaining to policy.
10 Nov 2018
India's economic growth held back due to demonetization, GST: Rajan
Goods and Services Tax (GST) and demonetization are the two major headwinds that held back India's economic growth last year, the 23rd and former Reserve Bank of India Governor, Raghuram Rajan, said yesterday.
09 Nov 2018
RBI disagreed with Centre's claims on demonetization: Report
Before giving its approval to Centre for demonetization on November 8, 2016, the Reserve Bank of India rejected claims that it would curb black money and counterfeit notes, IE reports.
31 Oct 2018
RBI vs Modi government: All about the spat, Section 7
The ongoing spat between the Reserve Bank of India (RBI) and the Modi government is public knowledge by now.
05 Oct 2018
In a surprise move, RBI keeps policy rates unchanged
The Reserve Bank opted for a surprising status quo at the bi-monthly review today on expectations of softening price rise, but changed the policy stance to "calibrated tightening" from "neutral".
13 Sep 2018
RBI Governor Urjit Patel to deliver lecture to anti-corruption officers
RBI Governor Urjit Patel is scheduled to deliver a lecture to senior anti-corruption officers working with banks and other public sector organizations next week in New Delhi.
01 Aug 2018
FRDI Bill withdrawn on apprehensions expressed by public: Piyush Goyal
The government has decided to withdraw Financial Resolution and Deposit Insurance (FRDI) Bill following apprehensions expressed by the public with regard to the "bail-in" clause to resolve a failing bank and insurance cover on bank deposits, Finance Minister Piyush Goyal told a Parliamentary Committee.
15 Jun 2018
RBI must monitor banks with off-site surveillance, on-site inspection: Union
Reserve Bank union today requested Governor Urjit Patel to monitor banks through a combination of risk-based supervision, off-site surveillance and on-site inspections of operational systems.
12 Jun 2018
Business Roundup: Here are today's top 5 Business news
Hola! Missed the business headlines of the day? No worries, here's your daily wrap of business news.
04 Jun 2018
Government mulls merging four more state-run banks to reduce losses
The government is mulling a major merger of at least four state-run banks - Bank of Baroda, IDBI Bank Ltd, Central Bank of India and Oriental Bank of Commerce - to give a boost to India's struggling banking sector, HT reports.
22 Apr 2018
India's pace of growth to accelerate in 2018-19: RBI Governor
Asserting that the Indian economy turned in a resilient performance in 2017-18, RBI Governor Urjit Patel has said the country's growth is expected to accelerate in 2018-19.
17 Apr 2018
Parliamentary panel summons RBI Governor to answer queries on bank-scams
A parliamentary panel has called Reserve Bank Governor Urjit Patel on May 17 to answer queries on a spate of banking scams unearthed in the last few months, sources said.
04 Apr 2018
Ahead of RBI policy meet, Sensex rises nearly 100 points
The BSE Sensex rose nearly 100 points in opening trade on Wednesday ahead of Reserve Bank of India's monetary policy review that begins today.
04 Oct 2017
RBI: Repo rate remains unchanged at 6%; GVA growth-estimate slashed
Urjit Patel-led six-member Monetary Policy Committee (MPC) of Reserve Bank of India has kept the repo rate unchanged at 6% as per expectations.
09 Sep 2017
RBI governor's term and tenure must be safeguarded: Rajan
A few days after revealing sensational details about the demonetization exercise, former RBI governor Raghuram Rajan has said the central bank head's "term and turf" have to be safeguarded.
28 Aug 2017
99% demonetized Rs. 1,000 notes returned to RBI
The RBI website announced that roughly 99% of the demonetized Rs. 1000 currency notes had returned into the banking system.
26 Aug 2017
Why can't you get new 200-rupee notes from ATMs yet?
Those who had waited eagerly for the new Rs. 200 note to enter circulation may have been disappointed; It is now clear that these notes won't be available at ATMs for at least a week.
18 Aug 2017
Photos of the new purported Rs. 50 note go viral
Images of a purported new Rs. 50 note are doing the rounds on social media. There's no official confirmation of their veracity though.
02 Aug 2017
RBI cuts interest rates, loans to get cheaper
The RBI has cut repo rate by 25 basis points to 6%, the lowest in more than 6.5 years, during its policy review today.
13 Jul 2017
Demonetization: Still counting number of returned notes, says Urjit Patel
RBI Governor Urjit Patel appeared before the Parliamentary Standing Committee on Finance to answer queries regarding demonetization.
24 Jun 2017
Maharashtra government announces Rs. 34,000 crore farm loan waiver
Maharashtra CM Devendra Fadnavis announced that his cabinet had agreed upon a Rs. 34,000 crore crop loan waiver for farmers.
13 Jun 2017
Centre won't pay for farm loan waivers announced by states
Union Finance Minister Arun Jaitley said the Centre won't pay for loan waivers announced by states for farmers.
11 Jun 2017
Maharashtra farmers call off protests following farm loan waiver
Following the Maharashtra government's announcement on farm loan waiver, the farmers have temporarily called off their protest.
08 Jun 2017
RBI Monetary Policy Committee keeps repo rate unchanged at 6.25%
Governor Urjit Patel-led six-member Monetary Policy Committee (MPC) of the Reserve Bank of India kept the repo rate (short-term lending rate) unchanged, while slashed the statutory liquidity ratio (SLR) by 50 basis points to 20% in their second bimonthly monetary policy review.