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.
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 Debabrata Patra took over as Deputy Governor of the Reserve Bank of India (RBI) on Wednesday.
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.
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.
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.
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.
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.
The government on Tuesday approved appointment of Michael Debabrata Patra as the new deputy governor of the Reserve Bank ...
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.
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).