Duvvuri Subbarao, Governor of the Reserve Bank of India, stated that the declining of the rupee is the biggest risk to inflation. RBI left interest rates unchanged as it...
Responding further to the increasing pressure on Current Account Deficit (CAD) due reduced exports and depreciation of rupee against dollar, the Reserve Bank of India has brought down...
Department of Food & Public Distribution launched the Electronic Transfer of Funds. Objective: To ensure quick and direct transfer of funds to the beneficiaries. This protected mode of...
A special borrowing window of Rs 25,000 crore was opened by the RBI to help mutual funds industry over liquidity problems. The crisis occurred due to different merger schemes...
In the wake of continuing depreciation of rupee disturbing the monetary and fiscal calculations, the Reserve Bank of India (RBI), fine-tuned the Marginal Standing Facility (MSF) rate to...
The Reserve Bank of India (RBI) has fined 22 banks by imposing penalty for violating Know-Your-Customer (KYC) norms and anti-money laundering guidelines. The banks who have been fined...
In the current scenario of continuous down slide of the rupee against the dollar, the Reserve Bank of India, in a bid to cub this volatility, has ordered...
As per a notification by the Reserve Bank of India which reviewed the External Commercial Borrowing (ECB) policy, Non-Banking Finance Companies (NBFCs) categorized as Asset Financing Companies (AFCs)...
