Taking further measures to reduce the burden on the already weakened rupee, RBI reduced the limit for remittances made by individuals to $75,000 from $200,000 per financial year...
As per the RBI, the limit on Foreign Direct Investment (FDI) in Asset Reconstruction Companies (ARCs) has been increased to 74% from 49%, another measure to attract capital inflows to...
As per Reserve Bank of India (RBI) Governor D. Subbarao, banking as well as Non-Banking Financial Companies (NBFCs) must be under a unified regulation of the central bank...
There was a sharp increase in complaints relating to Internet related bank frauds. The total number of complaints increased marginally from 3,486 in 2011-12 to 3,494 in 2012-13....
As per the Reserve Bank of India, the country’s foreign exchange reserves lowered by an immense USD 2.995 billion to USD 277.167 billion. Foreign currency assets which are a major...
RBI has clarified that it could not espouse a policy of tolerating higher inflation in order to promote growth because such a stance would not yield the desired...
Taking further measures to control the liquidity in order to boost the position of rupee which has been on a decline for past some time, the RBI has...
Raghuram Govind Rajan (50), who is currently the Chief Economic Adviser to the Govt. of India, has been appointed as Governor of the Reserve Bank of India (RBI)...
RBI Governor D Subbarao has defended the central bank’s stance on choosing inflation over growth, saying that when the “inflation threshold limit is crossed, it becomes difficult to...
The GDP growth for the current fiscal has been fixed lower by the Reserve Bank of India’s professional forecaster’s survey. From the earlier estimation of 6% it has now been...
