Retail inflation rises to 7.59% in January

Retail inflation inched up to 7.59% in January on costlier food items, government data showed on Wednesday. The Consumer Price Index-based retail inflation was 7.35% in December 2019 and 1.97%…

RBI’s enhanced role to deter malpractices: Prez

President Ram Nath Kovind on Wednesday said the Reserve Bank of India’s (RBI’s) enhanced regulatory role will deter malpractices and make the nation’s financial system more credible. “Regulatory oversight of…

SBI, 3 others cut deposit, loan rates

State Bank of India (SBI) and three other public sector banks have reduced interest rates on loans as well as deposits after the Reserve Bank of India (RBI) reduced the…

Govt approves up to 100% FDI in Bharti Airtel

The department of telecom (DoT) has approved raising of foreign direct investment in Bharti Airtel to 100 per cent from 49 per cent allowed earlier, a stock exchange filing of…

RBI economist becomes dy guv after 28 years

The government has appointed Michael Debabrata Patra as deputy governor of the Reserve Bank of India in charge of monetary policy in place of Viral Acharya who stepped down in…

Depositors panic as RBI imposes curbs on co-op

Panic stricken depositors milled around the Sri Guru Raghavendra Cooperative Bank here on Tuesday to withdraw their money, days after the Reserve Bank of India (RBI) capped the withdrawal limit…