Posts Tagged ‘Reserve Bank of India’

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 ...

RM213b of India debt scrutinised on central bank’s bankruptcy deadline

About 70 large firms risked being taken to bankruptcy court following the RBI’s February directive
By BLOOMBERG MUMBAI • A deadline ...

Rupee breaches 70 a dollar on Turkey rout

By BLOOMBERG
NEW DELHI • There’s not a moment of respite for India’s inflation-targeting central bank. Just when gains in consumer prices eased, the ...

IMF: India’s economy gaining momentum

By BLOOMBERG
NEW DELHI • India is on track to hold its position as one of the world’s fastest-growing economies as reforms start to pay off, according ...

RBI raises interest rate to fight inflation

The rate move is the 2nd in 8 weeks and follows EM counterparts and elsewhere on currency routs and inflation risks
By BLOOMBERG ...

Time for 2nd India rate hike as inflation risks mount

By BLOOMBERG
MUMBAI • India’s central bank is on course to raise interest rates for a second consecutive policy meeting as it takes more decisive steps ...

Biggest mobile-phone plant masks Modi’s ‘Make in India’ struggle

The initiative is a worthwhile attempt to lure global businesses, analysts say, but it hasn’t been accompanied by enough meaningful changes to revive ...