The RBI on March 12 approached the Election Commission seeking its approval for granting bank lincences as the model code of conduct had come in place after the general elections announcement on March 5.
A panel headed by Reserve Bank of India deputy governor Urjit Patel recommended in January moving to an inflation target.
The Reserve Bank of India on Tuesday kept key rates unchanged.
Former Banque de France head Jacques de Larosire was given the Lifetime Achievement Award for his lengthy struggle for monetary order, the magazine said in a statement on Monday.
Rupee has strengthened but is this sustainable.Or are we staring at a slip very soon.
The year 2015 is likely to see lower rates to support growth and the Reserve Bank is expected to cut key policy rates by 0.25 per cent in February's monetary policy review meet, says a Bank of America Merrill Lynch report.
AIBEA said that on April 19 its officer bearers would meet in Punjab to decide the next course of action.
Rajan also expressed hope that a stable government after the Lok Sabha elections will continue the broad fiscal policies of the current regime and India may finally get the Goods and Services Tax, an ambitious indirect tax reform measure.
RBI Governor Raghuram Rajan on Friday said repo rate has been hiked as inflation pressures remain high.
Raghuram Rajan on February 2 left the key interest rate unchanged.
Shares are likely to remain volatile in the week ahead as uncertainty heightens over Syria.
Shares are likely to remain volatile in the week ahead as uncertainty heightens over Syria.
RBI governor highlights the role of fate in his career at a meeting of the IIM-A alumni.
Rajan rules out picking unconventional tools to tame inflation
Reserve Bank Governor Raghuram Rajan on Tuesday again surprised the markets and raised the key policy rate by 0.25 per cent to 8 per cent in a bid to curb inflation, a move that may translate into higher EMIs and push up the cost of borrowing for corporates.
RBI sees marginal improvement in economic growth to 5-6%.
The current account deficit, which is the difference between inflow and outflow of foreign exchange, rose to a record high of 4.8 per cent of GDP in 2012-13, from 2.8 per cent in 2010-11.
RBI Governor Rajan on Wednesday said significant progress made in curbing current account deficit.
The comments assume importance as the traditional position of the central bank has been not to set a forex reserves target.
The RBI wants CPI inflation to ease further to 6 per cent by January 2016.
The RBI is expected to issue only a few bank licences after completing due diligence.
The rupee was at 62.08/12 versus Thursday's close of 61.77/78.
RBI kas hiked short-term lending (repo) rate by 0.25 per cent to 7.5 per cent.
In his first monetary policy review since taking office on September 4, RBI Governor Raghuram Rajan increased the repo rate by 25 basis points to 7.50 per cent.
Undaunted by what non-ideal mortals call pragmatic reality, he rolled up his sleeves on his first day in office and rolled out a series of measures that turned sentiment, as if on a dime.
Reserve Bank of India Governor Raghuram Rajan, who will present his maiden policy on September 20, held discussions on Tuesday with Prime Minister Manmohan Singh and Finance Minister P Chidambaram on the macro-economic situation.
Amid concerns over minorities being targeted in India, former Reserve Bank governor Raghuram Rajan on Thursday cautioned that an 'anti-minority' image for the country can lead to loss of market for Indian products and may also result in foreign governments perceiving the nation as an unreliable partner. India enters the perception battle from a position of strength, the professor at Chicago's Booth School of Business said, alluding to credentials like democracy and secularism, but warned that this battle is "ours to lose". The comments came a day after bulldozers tore down several concrete and temporary structures close to a mosque in Jahangirpuri as part of an anti-encroachment drive, days after the northwest Delhi neighbourhood was rocked by communal violence.
Raghuram Rajan, a former chief economist at the International Monetary Fund, takes charge at the RBI as the country faces its worst economic crunch since a balance of payments crisis two decades ago.
RBI governor and new FM could hog all the limelight.
Consumer price inflation touched a nine-month high of 11.24 per cent last month.
Rajan said the relationship between the RBI and the government has been strong.
He doesn't expect banks to raise interest rates, as they'd not reduced these after the policy rate cuts in May and March.
Raghuram Rajan says he's not beholden to the Finance Ministry nor does he go around with the fear of being fired.
The Sensex fell nearly 2 per cent on Friday after a surprise rate hike by the RBI led to a slide in rate-sensitives like banking and auto shares.
All eyes are on new Reserve Bank Governor Raghuram Rajan who will come out with his maiden monetary policy review on Friday amid conflicting demands for rate cut and an urgent need to contain inflation which soared to 6-month high of 6.1 per cent in August.
Rajan has already warned he does not have a 'magic wand' to deal with India's economic crisis.
RBI has intervened throughout this year to prevent rupee strength although it has also stepped in at times of excessive weakness.
It is the government and its policies and attitude toward FDI that is at the root of the problem.
Benchmark indices end at a three week high but Nifty remains shy of 5,600 level.
New RBI Governor Raghuram Rajan on Wednesday came out with a slew of measures, including more trade settlement in rupees to rescue the battered financial markets and hinted at a shift in focus from inflation control, doggedly pursued by his predecessor, to boosting growth.
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