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    RBI

    RBI

    The Reserve Bank of India is India's central banking institution, which controls the issuance and supply of the Indian rupee. Until the Monetary Policy Committee was established in 2016, it also controlled monetary policy in India.

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    RBI rejigs Dy Guv portfolios, Patra heads monetary policy wing
    Business

    RBI rejigs Dy Guv portfolios, Patra heads monetary policy wing

    The Reserve Bank of India (RBI) will head the central bank's monetary policy department that takes calls on interest rates, the RBI announced on Wednesday.

    Michael Patra takes over as RBI Deputy Governor
    Business

    Michael Patra takes over as RBI Deputy Governor

    Michael Debabrata Patra took over as Deputy Governor of the Reserve Bank of India (RBI) on Wednesday.

    India's Dec wholesale inflation skyrockets to 2.59% (Roundup)
    Business

    India's Dec wholesale inflation skyrockets to 2.59% (Roundup)

    An unfavourable base effect, along with higher prices of food items and those of primary articles, accelerated India's annual rate of inflation based on wholesale prices to a 7-month high of 2.59 per cent in December from 0.58 per cent in November.

    India on cusp of unprecedented food price inflation, but PM is silent, says Congress
    Politics

    India on cusp of unprecedented food price inflation, but PM is silent, says Congress

    The Congress party on Tuesday slammed the central government and stated that India is on the cusp of unprecedented food price inflation, but the Prime Minister is silent.

    Bengaluru bank vows to return every penny, depositors panic
    Business

    Bengaluru bank vows to return every penny, depositors panic

    Sri Guru Raghavendra Sahakara Bank Chairman K. Ramakrishna has blamed the Reserve Bank of India (RBI) for the imbroglio and said he could return the depositors' money the next day the regulator withdrew the business restrictive order.

    Worried over RBI order on Raghavendra Co-op bank, depositors queue up outside its branches
    National

    Worried over RBI order on Raghavendra Co-op bank, depositors queue up outside its branches

    After the Reserve Bank of India (RBI) has restricted the Sri Guru Raghavendra Co-operative Bank from doing business with immediate effect and capped withdrawal limit at Rs 35,000, the depositors on Tuesday queued up outside branches of the bank in Bengaluru.

    High inflation, low growth await new RBI Dy Guv (2nd Lead)
    Business

    High inflation, low growth await new RBI Dy Guv (2nd Lead)

    The central government on Tuesday appointed Michael Debabrata Patra as the new RBI Deputy Governor who will also steer the Monetary Policy Panel that takes decisions on the rate of interest regime. The new deputy governor in charge of monetary policy steps into his new role amidst hosts of perils of a 6-year high inflation and six-year low quarterly growth.

    Michael Debabrata Patra named deputy governor of RBI
    National

    Michael Debabrata Patra named deputy governor of RBI

    The government on Tuesday approved appointment of Michael Debabrata Patra as the new deputy governor of the Reserve Bank ...

    RBI unveils 5-yr national strategy for financial inclusion
    Business

    RBI unveils 5-yr national strategy for financial inclusion

    The Reserve Bank of India on Friday unveiled the five year (2019-24) National Strategy for Financial Inclusion to include all, particularly the poor and underprivileged class, under formal access to finance - a key goal of the government.

    Probe alleged defacing of banknotes by separatists: SC to Centre
    Business

    Probe alleged defacing of banknotes by separatists: SC to Centre

    The Supreme Court on Tuesday asked the Centre to examine a petition seeking a CBI investigation into the alleged exchange of Rs 30 crore currency notes, defaced by Kashmiri separatist group with anti-India slogans, by the Jammu regional branch of the Reserve Bank of India (RBI).

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