RBI will take a cue from the Fed policy statement.
RBI Governor Raghuram Rajan has said falling oil prices act as a cushion for CAD, adding it is time India does away with restrictions on gold imports
'A concerted attempt is afoot to try and create a new image of an intelligent man who knows what he is talking about and is far from the person that his critics in the media and Opposition have often portrayed him to be,' says Virendra Kapoor.
Noted economist Arvind Subramanian is favoured as the choice for the government's Chief Economic Advisor (CEA).
The Jalan panel has recommended to the RBI to keep shady entities out of banking licence race.
There was no word on whether or when Patel would be talking to the media about his priorities and plan of action as head of Mint Street
Green signal from Jaitley; CVC okays Hemant Contractor for head of PFRDA
Meanwhile, RBI Governor Raghuram Rajan said at the meeting that the central bank brass discussed strengthening the state- level coordination committees so that unauthorised deposit taking can be dealt with in a better way.
Suggesting steps to boost the Indian economy, the IMF chief further said the government should focus on fiscal consolidation.
"The poor will not suffer disproportionately due to bouts of sharp inflation, and the middle class will not see its savings eroded," Raghuram Rajan said.
Interview with former Reserve Bank of India governor by Duvvuri Subbarao.
Banks in India must have a modern approach, suggests a panel comprising of banking bigwigs.
The rupee rose by 4 paise at 66.88 against the US dollar in early trade on Wednesday.
The probe into selections for banks such as Bank of Baroda and Canara Bank followed the arrest of Syndicate Bank CMD S K Jain for alleged graft.
Urjit Patel as the new RBI governor whose focus is on taming inflation has lowered the probability of interest rate cut soon
In a string of tweets and replies, Swamy also said that GST can be implemented only if the Supreme Court clears a petition on levy of entry tax
The post of chairman and managing director has been split and the government has appointed managing directors and chief executive officers in four banks -- Indian Overseas Bank, United Bank of India, Oriental Bank of Commerce and Vijaya Bank.
In a blistering attack on Bharatiya Janata Party prime ministerial candidate Narendra Modi, Rahul Gandhi on Monday dubbed the Gujarat model propagated by Modi as a 'toffee model', saying it has only benefited one industrialist in the state, ignoring the interests of farmers and the poor.
.jpg)
Food and fuel inflation in India have remained high for several years, the paper said, adding to durably reduce the current high inflation, the monetary policy stance needs to remain tight for a considerable length of time.
Analysts expect the central bank to remain watchful of inflation.
Kaushik Basu, whose stint at the World Bank ends on July 31, was being looked at as a serious contender, the sources said
.jpg)
Industry's demand for a reduction in the repo rate, currently 8 per cent, has gained momentum after wholesale and retail inflation eased in February.
Going on the counteroffensive, the Congress will be giving privilege motions against Bharatiya Janata Party leader Subramanian Swamy and Defence Minister Manohar Parrikar in Rajya Sabha on Friday
He will be the eighth Deputy Governor to be made Governor at RBI
To contain rising bad loans, the Reserve Bank on Tuesday proposed a slew of measures, including incentives to lenders for coming together and tackling an account timely and penalising borrowers with higher interest rates in future for not cooperating for a resolution.
.jpg)
Addressing a Ficci-organised banking summit in Mumbai, he at the same time said that it will take several years for the country's banks to achieve the status of a large global bank.
Highly-placed sources in the government say that none of the senior ministers had any inkling of Patel's resignation
The move to make the appointment process more robust comes after last month's arrest of S K Jain, chairman and managing director of Syndicate Bank last month, over graft charges.
Banks have issues with their balance sheet profiles, say PSB executives.
The cross-country foot march stayed in the news almost right through, mostly for the barbs between the BJP and the Congress and occasionally for other reasons, including infighting in the opposition party.
Will Arundhati Bhattacharya be the RBI's first woman governor? Or will Urjit Patel succeed Raghuram Rajanas RBI governor when his term ends on September 4?
The corporate sector does not care from where the money is coming.
.jpg)
After scrapping the selection of six UPA-appointed bank chiefs, the government has now decided to make significant changes to the selection process.
The RBI was not party to the decision to demonetize 500 and 1,000-rupee notes, which was taken at the highest level of India's political leadership.
Will RBI chief have the final say, in the form of a veto
While a pick-up in summer monsoon rains in recent weeks is expected to cool food inflation, most analysts don't anticipate another rate cut before a new governor is on the job
'Is this the only way for India to become a $5 trillion economy?' 'When you have unused foreign exchange here, why borrow more dollars?'
According to the global financial services major, inflation may remain sticky, with a possible El Nino effect on the monsoon likely to push up food prices and geopolitical uncertainties seen pumping up global commodity rates.
The first task before him is to get used to the idea of working with the Monetary Policy Committee
The discussion paper is released at a time when the central bank is sifting through 26 applications seeking an entry into the fray.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances