Latest Reserve Bank Of India News

Chidambaram nudges RBI on norms for new bank licences
Chidambaram said “Let me emphasise, the three powers that the RBI wants are already there in the regulation.” He observed that it is only a matter of formality to incorporate those powers into the Act. Even if the RBI picks up the thread and resumes …
Read more on Hindu Business Line

RBI plans to gradually replace Rs 10 bank notes with coins
The Reserve Bank of India plans to gradually replace all Rs 10 bank notes with coins as the life of the paper note is only about 9-10 months, the Lok Sabha was informed today. The Rs 10 coins are in circulation since March 2009. “The Reserve Bank of …
Read more on Hindu Business Line

RBI may be able to cut interest rate as inflation eases: Chidambaram
While RBI kept interest rate (repo rate) unchanged in its last policy review, it reduced the Cash Reserve Ratio or CRR (percentage of deposits banks keep with RBI) by 0.25 per cent. The RBI is scheduled to announce its mid quarter review of the …
Read more on Times of India

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