Reserve Bank of India

India Central Bank Rbi News

Loan recast for airlines: Banks get RBI go-aheadWednesday, September 8, 2010 @ 2:04PMBanks can now work out loan restructuring with individual airlines as the Reserve Bank of India (RBI) has given them (banks) the go ahead, said Mr O P Bhatt, Chairman, State Bank of India (SBI).

The Hindu Business Line : RBI panel to study freeing of savings bank rateWednesday, September 8, 2010 @ 2:02PMThe Reserve Bank of India will soon set up a working group to look into the issue of deregulation of savings bank interest rate, said Ms Usha Thorat, Deputy Governor, RBI.

RBI likely to soften hawkish monetary policy: NomuraWednesday, September 8, 2010 @ 7:38AMAhead of the Reserve Bank of India's (RBI) September 16 monetary review, investment bank Nomura today said the central bank is likely to halt its move to raise policy rates, given the tight liquidity situation and lack of global demand.

Rural Electrification Corp seeks to raise FII stakeWednesday, September 8, 2010 @ 5:25AM(Adds details)

Got RBI concession on aviation loans: SBIWednesday, September 8, 2010 @ 4:15AMGot RBI concession on aviation loans: SBIGot RBI concession on aviation loans: SBI

But some economists see a pause or uneven hikesTuesday, September 7, 2010 @ 3:54PMChange in RBI's monetary tightening stance in July has led to emergence of differing views on its rate action in the mid-quarter policy review next week.

Strike hits banks; SBI unaffectedTuesday, September 7, 2010 @ 3:54PMBanking operations were partially affected on Tuesday as a section of the employees of public sector banks and financial institutions went on a day-long strike called by central trade unions.

Expert SpeakTuesday, September 7, 2010 @ 3:48PM"The credit growth will come from investments in projects. The underlying trends are very encouraging as a lot of projects are getting finalised. Financial closures are taking place and approvals have gone up.

RBI for higher pay to PSU bank CEOsTuesday, September 7, 2010 @ 3:18AMSubbarao also warned of attrition in PSBs, saying, "PSBs will lose talent to the private sector."