RBI Policy Review
REUTERS - Indian Oil Corp (IOC) will cut the retail price of petrol by about 1.5 percent, or 1.09 rupees/litre at Delhi, from Friday as global prices of the fuel have eased since the last revision, the company said in a statement on Thursday.
MUMBAI - Reserve Bank of India (RBI) governor Raghuram Rajan on Tuesday eased rules to spur bank lending and toned down his inflation rhetoric in moves set to be welcomed by a new pro-business government determined to revive economic growth.
MUMBAI - Reserve Bank of India (RBI) Governor Raghuram Rajan kept the country's key policy repo rate unchanged at 8 percent on Tuesday, as widely expected, with consumer price inflation coming down this year after a series of tightening steps by the central bank.
MUMBAI - A Reserve Bank of India panel proposed on Monday that counter cyclical capital buffers for banks consist of only common equity Tier 1 capital and be gradually raised to 2.5 percent of lenders' risk weighted assets.