Experts say the power should not go to the finance ministry.
SEBI has allowed four mutual funds to launch Sharia funds in India.
Not a cover for forbearance, misuse will be dealt with severely.
The six cities that RBI has identified as metros for the same are —Mumbai, New Delhi, Chennai, Kolkata, Bangalore and Hyderabad.
The RBI said banks should not take undue advantage of customer difficulty or inattention.
Ahead of the monetary policy review, SBI Chairperson Arundhati Bhattacharya…
Goldman Sachs had earlier said that the central bank would keep its policy rates on hold.
While the RBI has brought NBFCs in line with banks, it has not included provisions granting NBFC access to SARFAESI Act.
The Reserve Bank of India will invite applications for small and payment banks by the end of the current month.
NBFCs will need to have minimum ‘net owned funds’ of Rs 1 crore by end-March 2016
RBI gave in-principle approval to IDFC and Bandhan Financial Services to set up banks, leaving the other 24 applicants wanting for one.
It may be time for RBI to reduce the repo rate without hurting its inflation-fighting credentials.
Finance minister’s recent call to lower rates has revived expectations.
The Reserve Bank of India (RBI) believes there is still time for inflation to ease…
Delay in cutting interest rates would imply that the RBI is looking to bet on a horse after it has won the race.