RBI has, in its draft guidelines, made it more difficult for banks to restructure loans. (See: What is loan restructuring?) Suggested in the guidelines are: ...
Inflation based on the Wholesale Price Index (WPI) fell to a low 7.24% in November. However, remember that these are preliminary figures and subject to ...
In a notification, RBI has mandated that Banks with core banking systems (that is, most banks) must offer cheques that will be payable at par (that is, not ...
RBI released a macroeconomic and monetary development statement today. Significant is one piece in their "outlook". VII.23 Domestic growth declined ...
(From my article at Yahoo) Growth is slowing. At the 5.3% official growth rate, India has grown the slowest in the March quarter in 8 years. Even that is ...
The Reserve Bank of India (RBI) today changed nothing, which nowadays is a big event in the markets. In the mid-quarter policy review, RBI has said a lot of ...
From The Hindu: In an effort to resolve a long-standing payment crisis, the Reserve Bank of India has given permission to the Central Bank of Iran to open ...
RBI has raised interest rates by 0.25%, taking the repo rate to 8.5% and the reverse repo to 7.5%. The repo rate is what banks pay to borrow overnight from the ...
The latest RBI macroeconomic survey (Oct 2011) precedes their announcement on monetary policy today. Key parts in their outlook: Growth risks have increased on ...
RBI moves rates up in it’s mid quarter review by 25 bps (0.25%) to 8.25%. This is a continuing anti-inflation stance that RBI has, which means raising rates ...
