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RBI cuts reverse repo rate in bid to spur bank lending

Economy

17 April, 2020

RBI cuts reverse repo rate in bid to spur bank lending

The Reserve Bank of India unexpectedly cut its key deposit rate for the second time in three weeks on Friday ......

Three-month EMI holiday for home, car loans and other highlights from RBI policy

Finance

27 March, 2020

Three-month EMI holiday for home, car loans and other highlights from RBI policy

The Reserve Bank of India on Friday took steps to combat the economic fallout of the COVID-19 pandemic, which has ......

RBI slashes interest rates as coronavirus lockdown hits economy

Economy

27 March, 2020

RBI slashes interest rates as coronavirus lockdown hits economy

The Reserve Bank of India on Friday slashed interest rates by 75 basis points in an emergency move to revive ......

SBI may take up to 49% stake in Yes Bank under RBI bailout plan

Finance

06 March, 2020

SBI may take up to 49% stake in Yes Bank under RBI bailout plan

The Reserve Bank of India (RBI) has outlined a scheme to revive Yes Bank that proposes State Bank of India ......

Yes Bank plunges 60%, panicked depositors rush to withdraw funds

Finance

06 March, 2020

Yes Bank plunges 60%, panicked depositors rush to withdraw funds

Shares in India's Yes Bank Ltd plunged 60% on Friday as panicky depositors rushed to withdraw funds after the central ......

RBI keeps interest rates unchanged to fight inflation

Economy

06 February, 2020

RBI keeps interest rates unchanged to fight inflation

The Reserve Bank of India (RBI) held rates steady on Thursday and retained an accommodative policy stance as it sought ......

Weak growth to pull down rupee, coronavirus fears to impinge: Poll

Markets

06 February, 2020

Weak growth to pull down rupee, coronavirus fears to impinge: Poll

The battered Indian rupee will weaken further against the dollar over the coming year as a significant pickup in economic ......

Govt appoints Michael Patra as RBI deputy governor

Finance

14 January, 2020

Govt appoints Michael Patra as RBI deputy governor

India’s government appointed career central banker Michael Patra as one of the Reserve Bank of India’s four deputy governors for ......

How pricey food items limit scope for RBI to make more rate cuts

Finance

20 December, 2019

How pricey food items limit scope for RBI to make more rate cuts

India’s volatile food prices are yet again posing a sticky inflation problem for its central bank, preventing it from cutting ......

RBI governor reiterates there is more scope to cut rates

Finance

16 December, 2019

RBI governor reiterates there is more scope to cut rates

There is scope in India for cutting interest rates further and the central bank will use it when required after ......