Posts Tagged ‘Reserve Bank of India’

India’s central bank asks govt not to undermine its role

By BLOOMBERG
MUMBAI • India’s central bank voiced concerns against the government’s attempts to encroach on its freedom, while seeking more powers to ...

Don’t plough your money into India just yet

By TAN WEI YINE / Pic By BLOOMBERG
Indian equities staged a recovery in the second quarter (2Q) after the sell-off in February as the market ...

India mulls more import curbs to bolster rupee

By BLOOMBERG
MUMBAI • India is considering a proposal to increase import duties on a raft of products ranging from plastic to steel as it seeks to curb ...

Older generation of leaders moves on at Indian private banks

By BLOOMBERG
NEW DELHI • Change is coming to some of India’s top private banks as regulators shunt aside a previous generation of leaders in a bid to ...

Demand cooling in India explains why central bank held rates

By BLOOMBERG
MUMBAI • For those surprised by India’s decision to hold interest rates last week, the central bank’s forward- looking surveys hold some ...

India stock investors take cover on worst 2 weeks

By BLOOMBERG
MUMBAI • The best-performing stock market in Asia for much of this year has lost that title in less than a month. As the S&P BSE ...

India’s services gauge rises at slower pace

By BLOOMBERG
MUMBAI • India’s main services index expanded in August at the slowest pace in three months, signalling that demand may be cooling in the ...

Rupee weakness poses ‘dilemma’ for RBI at October meeting

By BLOOMBERG
MUMBAI • A sustained weakness in the rupee may push the Reserve Bank of India (RBI) to further tighten monetary policy, perhaps as early ...

India’s cash ban failed even to create a bank savings culture

By Mihir Sharma / BLOOMBERG
The Indian central bank’s final tally of Prime Minister (PM) Narendra Modi’s 2016 demonetisation drive, intended to ...

India said to ask RBI to identify banks for merger

By BLOOMBERG
NEW DELHI • India has asked its central bank to prepare a list of candidates for merger among 21 government- controlled lenders as it ...

Where’s the illegal cash? Indians return almost all banned notes

Modi’s decision to ban high-value currency notes and a chaotic introduction of GST last year, acted as a drag on economic growth
By ...

Asia’s richest banker may acquire rivals after RBI’s rebuff

Mumbai • A rebuff from the regulator may set Asia’s richest banker Uday Kotak (picture) on a US$17 billion (RM69.7 billion) acquisition trail, as he seeks ...