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Market inches up ahead of RBI policy, logs smart weekly gain

BSEMumbai : The post-Budget climb went on for the third day as the Sensex managed to close at 28,241 with a minuscule gain after a monthly survey suggested that Reserve [...]

February 3rd, 2017 | Posted in Business,Highlights | Read More »

RBI asks banks to supply 40% of notes to rural areas

rupee     Mumbai : To mitigate hardships of poor and marginal farmers due to cash deficit following demonetisation, the Reserve Bank today directed banks to distribute at least 40 per [...]

January 3rd, 2017 | Posted in Highlights,Mumbai,Topnews | Read More »

RBI slaps fine on 5 foreign banks for violating FEMA rules

Reserve Bank of India      Mumbai : The Reserve Bank today imposed penalty on five foreign banks, including Deutsche Bank and Standard Chartered Bank, for violation of its instructions on reporting requirements of [...]

December 21st, 2016 | Posted in Business,Highlights | Read More »

Enough currency with RBI to last beyond Dec 30: Jaitley

The Economist India Summit New Delhi : The Reserve Bank was fully prepared to deal with currency shortages post demonetisation and has enough currency in its chests to last “far beyond” December 30, Finance [...]

December 20th, 2016 | Posted in Highlights,Nation,Topnews | Read More »

Rs 1.58 cr sent to Solapur coop bank for teachers’ salary

New Rs 2000 notes     Mumbai : The Reserve Bank today informed the Bombay High Court that it has transferred a sum of Rs 1.58 crore to Solapur District Cooperative Bank for disbursal [...]

December 14th, 2016 | Posted in Highlights,Mumbai,Topnews | Read More »

RBI policy status quo stumps market, Sensex loses 156 pts

BSEMumbai : The Reserve Bank’s decision to leave interest rates untouched caught the market by surprise as the Sensex switched gear by reversing its two days of gains and cracked [...]

December 7th, 2016 | Posted in Business,Highlights | Read More »

Rupee continues good run, gains another 7 paise against dollar

Rupee     Mumbai : The rupee firmed up 7 paise to 68.13 against the dollar in early trade today, rising for a fifth straight day on increased selling of the [...]

December 5th, 2016 | Posted in Business,Highlights | Read More »

RBI warns banks/public against misinformation on social media

Security at RBI      Mumbai : RBI today cautioned banks as well as the public not be misguided by questionable and unverified documents being circulated on social media channels regarding demonetisation of [...]

December 1st, 2016 | Posted in Nation | Read More »

RBI optimistic on inflation, warns of risks to growth next yr

Reserve Bank of IndiaMumbai : The Reserve Bank today warned of risks to growth next year due to muted private investments and weak global demand coupled with geopolitical risks, but sounded optimistic on [...]

October 4th, 2016 | Posted in Business,Highlights | Read More »

Mundra downplays money deposit issue on zero-balance a/cs

S S Mundra     Mumbai : Terming instances of banks depositing money to reduce the number of accounts with zero balances as not a criminal act, Reserve Bank Deputy Governor S S [...]

September 19th, 2016 | Posted in Business | Read More »