Thomson Reuters | Wednesday September 30, 2015
When the Reserve Bank of India cut interest rates by much more than expected this week, government officials hailed it as a victory after months of imploring Governor Raghuram Rajan for strong action. Now, it is New Delhi that will need to deliver.
Thomson Reuters | Monday August 24, 2015
The comments come as Finance Minister Arun Jaitley is stepping up pressure on the RBI to cut rates as the economy struggles and price rises slow, with some bureaucrats working behind the scenes to argue for an immediate cut of as much as 50 basis points or 0.50 per cent.
Press Trust of India | Tuesday August 4, 2015
In its third bi-monthly policy for the fiscal, RBI said although overall business confidence is positive, the level of optimism was shade lower in April-June than in the preceding quarter. Investment, as measured by new projects, is still weak, primarily because of persistently low capacity utilisation.
Press Trust of Inda | Thursday July 2, 2015
RBI will put in place a regulatory framework to allow a new kind of Non-Banking Finance Company (NBFC) which could act as account aggregator, Governor Dr Raghuram Rajan told reporters after the central bank's board meeting held on Thursday.
Press Trust of India | Sunday June 28, 2015
With Reserve Bank of India Governor Raghuram Rajan's comments on 1930s-like problems resurfacing having created a flutter, the central bank on Sunday said the RBI chief did not imply there being an imminent risk of the world economy slipping again into the Great Depression as that was caused by "many factors".
India News | Press Trust of India | Friday June 26, 2015
RBI Governor Raghuram Rajan has asked central banks from across the world to define "new rules of the game" as he warned that the global economy may be slipping into problems similar to the Great Depression of the 1930s.
Friday April 24, 2015
Reserve Bank of India Governor Raghuram Rajan on Friday said that for the success of the government's 'Make in India' campaign, domestic demand needs to be managed "carefully" and industry should be made competitive, while stating that economic security is a must for national security.
Tuesday April 7, 2015
Reserve Bank of India (RBI) Governor Raghuram Rajan on Tuesday said green shoots are visible in the investment climate, but refrained from commenting on the new series on economic growth numbers by the Central Statistics Office (CSO).
Thomson Reuters | Sunday March 22, 2015
Reserve Bank of India (RBI) Governor Raghuram Rajan on Sunday cautiously backed a government plan to hand public debt management to a new agency, as the two sides played down reports of friction over the biggest regulatory shakeup in a generation.
Press Trust of India | Wednesday March 4, 2015
Reserve Bank of India Governor Raghuram Rajan on Wednesday said he is not worried about the proposed Public Debt Management Agency (PDMA) and possibility of the apex bank losing its powers after the new body comes into existence.
Thomson Reuters | Friday February 20, 2015
The country's postal office had been speculated to be interested in setting up banks across India. Earlier this month, it was among 41 applicants to run a new category of banks planned to bring basic banking services within the reach of millions.
Tuesday February 3, 2015
In the RBI's monetary policy statement review, Governor Raghuram Rajan said banks could extend timelines for large stalled projects by bringing in new 'promoters', or owners.
Monday February 2, 2015
RBI Governor Raghuram Rajan, who is mandated to set policy independently, signalled after an unscheduled rate cut earlier this month that any further easing would depend on New Delhi's commitment to rein in spending and implement reforms.
Friday December 12, 2014
Reserve Bank of India (RBI) Governor Raghuram Rajan is addressing an industry body at an event in New Delhi.
Monday October 27, 2014
RBI Governor or a nominee of the rank of Deputy Governor of the central bank has to be part of the selection process, according to the new methodology.
Monday September 15, 2014
The scheme can be a "waste" if it leads to duplication of accounts, if no transaction happens on the new accounts and if the new users get bad experiences, he added.
Sunday September 7, 2014
Dr Rajan pointed out that the new Modi government has "stuck to the path the old government laid out" to show that there was continuity and this has benefited India in the eyes of the international investors.
Wednesday August 13, 2014
Reserve Bank of India (RBI) Governor Raghuram Rajan said the country was in need of clearer procedures when companies go bankrupt and called for new rules to remedy the situation.
Sunday August 10, 2014
The Reserve Bank of India (RBI) has started discussions with the Finance Ministry on a new monetary policy framework, including measures to reduce retail price inflation, Governor Raghuram Rajan said on Sunday.
India News | Reuters | Friday August 8, 2014
Reserve Bank of India (RBI) governor Raghuram Rajan has set himself a target of lowering consumer inflation and is even ready to raise rates to achieve it, risking friction with the new government if he is seen as overstepping.
Thursday July 17, 2014
"The RBI will shortly issue rupees 20 denomination banknotes incorporating rupee symbol, with inset letter E, in the Mahatma Gandhi Series-2005 bearing the signature of Raghuram G Rajan, Governor," RBI said in a release.
India News | Press Trust of India | Monday July 7, 2014
A panel headed by former RBI governor C Rangarajan has dismissed the Tendulkar Committee report on estimating poverty and said that the number of poor in India was much higher in 2011-12 at 29.5 per cent of the population, which means that three out of 10 persons are poor.
Tuesday June 3, 2014
The governor will now have to sell his agenda - which puts priority on the fight against inflation - to India's new prime minister, Narendra Modi, who many count on to push up the growth rate. Investors are hopeful the new government will respond to Dr Rajan by tackling the supply-side factors that drive up food inflation in India, thus easing the ...
India News | Reuters | Tuesday June 3, 2014
Reserve Bank of India Governor Raghuram Rajan is expected to keep the country's key lending rate unchanged and temper his tough rhetoric on inflation in a conciliatory gesture to a new government elected on a platform of reviving economic growth.