YV Reddy was Governor of the RBI from September 2003 to September 2008 and was succeeded by D Subbarao.
The broad-based Nifty of the NSE slipped below 8,000-mark before closing down by 37.80 points, or 0.46 per cent down at 8,029.80.
According to the RBI, it received a complaint from a “reputed statutory organisation” in August 2013 about fraud being perpetrated in five banks.
371 projects with investments worth R18,47,266 cr are stalled and pending for resolution.
The RBI sold dollars at 62.70 to contain rupee’s rapid fall but the dollar demand was huge, said a dealer.
WPI food inflation moderated to just 0.63% last month on a 28.6% contraction in vegetable prices.
Sounding a note of caution against Prime Minister Narendra Modi’s ‘Make in India’ campaign, RBI Governor Raghuram Rajan.
The Reserve Bank of India will start talks with the government for an “appropriate timeline”…
India’s retail inflation probably hit a record low in November thanks to falling prices for oil and food items…
Rajan added that the RBI has asked the finance ministry for a review of priority sector lending norms.
We need to remove obstacles in investment process, ease financing
Calls for enhanced repayment period, re-financing of ECBs.
Sebi to allow loan conversion at a lower price on RBI’s request
Yields on 10-year Government of India bonds have dropped to 7.97 per cent, below the Reserve Bank of India’s (RBI) benchmark “repo” rate of 8 per cent.
The RBI is likely to look at the payment system and violations, while transferring money overseas in such deals.