MUMBAI Reserve Bank of India (RBI) Deputy Governor Viral Acharya has resigned six months before the scheduled end of his term in office, citing personal reasons, the central bank said on Monday, confirming a media report.
MUMBAI With inflation in India well within the monetary policy committee's (MPC) mandated target, it is crucial to give higher importance to faltering economic growth, members said in the minutes of the June meeting released on Thursday.
MUMBAI, June 20 With inflation in India well
within the monetary policy committee's (MPC) mandated target, it
is crucial to give higher importance to faltering economic
growth, members said in the minutes of the June meeting released
MUMBAI The Reserve Bank of India diluted its guidelines on stressed assets and has now mandated banks to undertake a review of a borrower's accounts within 30 days of default, according to a circular issued on Friday.
MUMBAI The Reserve Bank of India cut its policy interest rate by 25 basis points in a widely expected move on Thursday, while also changing its policy stance to "accommodative," after latest data showed the economy growing at its slowest in over four years. | Video
MUMBAI A worrying slowdown in India's economy makes a cut in the central bank's benchmark interest rate highly likely this week, but analysts say policymakers should also find ways to boost banks' liquidity to ensure they drop their lending rates too.
MUMBAI India's benchmark 10-year bond yield dropped to a more than one-and-half-year low while shares and the rupee gained as a sharp decline in economic growth in the March quarter firmed expectations for at least a quarter-point rate cut on Thursday.
MUMBAI Two Indian air force helicopters conducted reconnaissance missions around the Nanda Devi mountain in the Himalayas for eight missing climbers without success on Sunday and survivors are unlikely to be found, two state government officials said.
MUMBAI, June 2 Two Indian air force helicopters
and a rescue team scoured the Himalayan region around the Nanda
Devi mountain for eight missing climbers without success on
Sunday and survivors are unlikely to be found, two government
MUMBAI/BENGALURU India's stock market shot to record highs early on Thursday on news the prime minister was easily securing a second term, but all gains vanished as investors took profits and started looking at the broader fundamental issues facing the economy.