Search Results for: Reserve Bank of India
Deloitte, KPMG, PwC and four others empanelled for RBI Information Systems Audit
December 28th, 2015
Deloitte, KPMG, PwC and four others have been empanelled by the Reserve Bank of India for conducting audit of information systems of the central bank. The other agencies are AAA Technologies, Auditime, Digital Age Strategies and Mahindra SSG. “With ...
RBI’s Defence of Rupee Depletes Forex by USD 1.90 Billion
November 16th, 2015
The central bank’s attempts to arrest the fall in the rupee’s value due to domestic political uncertainty and a strengthening US dollar drained $1.90 billion from India’s foreign exchange (Forex) kitty, experts said on Saturday. Overall, the Forex reserves ...
Do you know Deloitte, KPMG, EY are helping the RBI probe NPA cases?
August 28th, 2015
The Reserve Bank of India (RBI) received reports about a month ago on forensic investigations it had ordered into the bad debt at two companies – Surya Vinayak Industries and Deccan Chronicle Holdings. Some corporate investigators are now helping banks to ...
IMF says China FX policy should continue to allow more flexibility
May 7th, 2015
China should allow greater flexibility in its exchange rate policy by reducing intervention, as part of its efforts to secure a gradual moderation in growth while pursuing economic reforms, the International Monetary Fund said on Thursday. “To help deliver ...
Statement by Dr. Raghuram G Rajan, Governor, on Monetary Policy
March 4th, 2015
It may be recalled that in its statement on monetary policy of January 15, 2015 the Reserve Bank reduced the policy repo rate by 25 basis points and indicated that ““Key to further easing are data that confirm continuing ...
Asia shares rise after commodities rebound, dollar regains ground
January 15th, 2015
Spreadbetters see higher open for European bourses RBI surprises with rate cut, Indian stocks rally Mood over risk assets still subdued after weak U.S. data Dollar gains some respite as U.S. yields inch up after plunge Asian stocks mostly ...
Latest on Digital Currencies
December 31st, 2014
India’s Central Bank Could One Day Use Digital Currency, Chief Says Reserve Bank of India (RBI) governor Raghuram Rajan spoke out on bitcoin at a televised event organised by the NDTV network late last week. During the discussion, which ...
RBI under rate cut pressure as growth slips back
November 26th, 2014
India’s economic growth probably slowed to around 5 percent in the three months to September, slipping from 5.7 percent in the previous quarter, two senior finance ministry sources said, putting pressure on the central bank to cut interest rates. ...
Government to announce curbs on gold import very soon: Sources
November 18th, 2014
In the wake of surge in gold imports, the government would soon impose some curbs on the inward shipment of the metal to prevent current account deficit (CAD) from going out of hand. “Things are being worked out by the Finance Ministry and ...
IFC issues $2.5 billion rupee-denominated bonds
August 20th, 2014
The World Bank’s private-sector financing arm on Wednesday launched $2.5 billion, rupee-denominated, bonds in the Indian market to fund infrastructure projects, after raising $1 billion in offshore bonds for the sector last year. The International Finance Corporation’s (IFC’s) bond ...
