RBI keeps repo rate unchanged at 6.75%, CRR at 4%
The Reserve Bank of India kept its repo rate unchanged at 6.75 percent and the cash reserve ratio (CRR) of scheduled banks unchanged at 4.0 per cent in the …
RBI to issue Rs 5 coin on golden jubilee of 1965 Indo-Pak war
The Reserve Bank of India will shortly put into circulation Rs 5 coins to commemorate golden jubilee of Indo-Pak War 1965. “The coins will be legal …
RBI to pay back over Rs.1,270 crore to Telangana
The Reserve Bank of India (RBI) is set to transfer back Rs.1,274.21 crore to Telangana with the union finance ministry advising it to reverse the deductions …
RBI sets rupee reference rate at 63.8943 against dollar
The Reserve Bank of India on wednesday fixed the reference rate of rupee at 63.8943 against the US dollar and 70.6288 for the euro as against 64.0270 and …
Utility bills valid proof of address to open account: RBI
Bills forcc postpaid mobile service, piped gas and water supply can now be submitted as proof of address for opening account with banks or other financial …
RBI allows banks to takeover ownership of stressed firm
RBI on Monday allowed banks to take control of debt-laden companies by converting loans into equity, if a debt restructuring fails to revive them within a …
RBI monetary policy review today, interest rates likely to be cut as inflation eases
The Reserve Bank of India is set to cut interest rates on Tuesday for the third time in 2015 as inflation has eased enough to allow the central bank to provide …
Deccan Grameena Bank now called Telangana Grameena Bank: RBI
The Reserve Bank said the name of Deccan Grameena Bank has been changed to Telangana Grameena Bank. The name of Deccan Grameena Bank has been changed to …
RBI Official Calls for Caution on Foreign Investor Debt Limits
India needs to proceed cautiously in fully opening up its debt markets to foreign investors, given the need to first tackle issues such as the large …
Andhra Pradesh to introduce web-based financial management system
VIJAYAWADA: Andhra Pradesh plans to introduce a comprehensive web-based paperless financial management system from July 1, a senior official announced. The …