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The post of deputy governor in the Reserve Bank has been lying vacant since mid-June after Rakesh Mohan quit. Other deputy governors of the RBI are Usha Thorat, KC Chakrabarty and Shyamala Gopinath. Prior to joining S&P in August 2007, Gokarn was chief...
Tags: Subir Gokarn, deputy governor, RBI, rbi deputy, India, Mumbai, Shyamala Gopinath, Reserve Bank of India
Inflation is defined as an increase in the prices of a group of goods and services that project the economy. An increase in the inflation rate occurs when there is an increase in the average level of prices of goods and services...This will result in...
Tags: RBI, inflation rate, food price, excess liquidity, India, Mumbai, Supply-side economics, Interest rate, Disinflation, Hyperinflation, Inflation, Monetary policy, Money supply, Business Finance
After taking the fizz out of markets such as loan securitisation and currency derivatives, the Reserve Bank of India has turned its glare on equity-linked debts — one of the hottest products among well-heeled investors and corporates. The regulator has...
Tags: RBI, finance companies, India, Mumbai, Stock market, Securities, Debt, Non-banking financial company, Debenture, Finance, Credit, Financial markets, Business Finance
The finance ministry has asked the Reserve Bank of India (RBI) to reconsider applications from the Anil Dhirubhai Ambani Group (ADAG) to raise foreign loans after receiving a representation from the group’s chairman Anil Ambani. The...
Tags: ADAG, Anil Amabni, RBI, ECB
In 1991, New Delhi kick-started the economic reforms process owing mainly to the serious balance of payments crisis it was facing. Then, India -- just an inch away from defaulting on its loans -- had less than $2 billion in forex reserves (that would...
Tags: Reserve Bank of India, IMF, International Monetary Fund, central banks, reserves banks, RBI, metric tons, New Delhi
Aiming to tackle inflationary pressures, the Reserve Bank on Tuesday increased a key statutory deposit ratio for banks by one percentage point to 25 per cent but the move is not expected to push interest rates up. Barring the hike in Statutory Liquidity...
Tags: Pranab Mukherjee, monetary policy, Reserve Bank of India, finance minister, credit policy, policy review, reserve banks, RBI, minister pranab
Although its quarterly statements are definitely not about interest rates alone, much of the attention on the RBI’s pronouncements continues to be focussed on its interest rate stance. The reason probably lies in the interest rate being the only policy...
Tags: India, RBI, monetary policy, Financial Express
While in 2008-09, the first half escaped the impact of global recession, but in the current year the impact was being felt throughout the year, Dr Rangarajan said. Though Indian financial system had not been directly exposed to ''toxic or distressed''...
Tags: C. Rangarajan, C Rangarajan, Dr Rangarajan, economic meltdown, global economic, RBI, India, Hyderabad
PLRs and may put a ceiling on banks' sub-PLR lending, a source said...The working group, headed by RBI Executive Director Deepak Mohanty and comprising external experts and IBA, is likely to submit the final report to RBI Governor, D Subbarao by the end...
The central bank refrained from making any changes to its economic growth projection of 6 per cent with an upward bias. But it added, "Since the presentation of the policy statement (at the end of July), while the extent of rainfall deficiency associated...
Tags: Reserve Bank of India, Times of India, annual report, central banks, deficiency monsoon, debt managers, RBI, reserve banks