India inflation likely crept up slightly to a six-month high in April, driven mainly by food prices, a Reuters poll found, although holding below the Reserve Bank of India’s medium-term target of 4 percent for the ninth straight month.
Following an NCLAT order, the Reserve Bank of India (RBI) has withdrawn its circular asking banks and financial institutions to declare details of their exposure and provisions related to the crisis-hit IL&FS.
A decision by India’s top court to quash a method prescribed by its central bank for dealing with bad loans has triggered renewed demand to set up a manager for stressed power assets estimated at $36 billion.
The Reserve Bank on Tuesday moved the NCLAT seeking modification of its order that restrained banks from declaring accounts of IL&FS and its group companies as NPAs even as the tribunal asked the banking regulator not to make it a “prestige issue”.
A year after the Reserve Bank of India (RBI) tightened the screws on companies delaying debt payments, the Supreme Court is poised to begin hearing arguments on whether the banking regulator’s diktat applies across industries.
The sudden and sharp fall in the global price of crude oil has thrown up a set of decisions for Indian policymakers. On the one hand, a reduction in the price of oil is always a benefit for India, which imports over 80 per cent
Time was when the Reserve Bank of India (RBI) board meetings were tucked away somewhere in an inside page of newspapers. It was mostly reported as a matter of record, with no major significance attached to the meeting’s content,
The IMF has said it was monitoring the reported rift between the RBI and the Centre in India, and expressed its opposition to any move that compromises the independence of central banks anywhere in the world.
Is it too early still to call time on the almost year-long slump in India’s bond market? Consumer prices grew slower-than-expected in September, according to data late Friday, supporting a surprise decision by the central bank to hold rates
After crude oil and electronics, coal has emerged as the latest headache for Indian policy makers battling with unfavourable balance of payments, prompting the Reserve Bank of India (RBI) to flag its concern over the rising dry fuel import, perhaps for the first time.