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Commercial banks charge the state governments for every transaction. Officials said it was not clear whether the RBI would charge for transactions through the e-Kuber portal.

RBI comes down heavily on MCLR, moots external benchmark

The base rate/MCLR regime is also not in sync with global practices on pricing of bank loans.

4 Oct 2017 4:22 PM IST

RBI has included HDFC in its list of too big to fail banks.

RBI on GST: Adverse impact on mfg, may delay investment revival

RBI forecast economic growth to slow to 6.7 per cent in current fiscal, from 7.3 per cent projected earlier.

4 Oct 2017 4:10 PM IST

$Inflation numbers have risen as expected and the Reserve Bank will go in for a \prolonged pause\ before cutting rates again.$ Business

What experts have to say about RBI's decision to keep repo rate...

The Reserve Bank of India kept its policy rate unchanged at a near seven-year low of 6 percent on Wednesday.

4 Oct 2017 3:51 PM IST

RBI on Wednesday kept repo rate unchanged at 6 per cent. (Photo: AFP)

RBI ups inflation projection to 4.2-4.6 per cent during second half

Central bank at its August policy had projected CPI inflation in range of 4-4.5 per cent for the same period.

4 Oct 2017 3:44 PM IST

RBI governor Urjit Patel says govt needs to be cautious in injecting fiscal stimulus. (Photo: File/PTI)

GST impact: RBI lowers growth projection to 6.7 per cent in FY18

Central bank says GST rollout renders prospects for manufacturing sector uncertain in short term.

4 Oct 2017 3:36 PM IST

Employees Provident Fund Organisation or EPFO invests in markets and corpoarte bonds. (Photo: Representational/PTI)

India's bonds slump after RBI cuts SLR by 50 bps

The RBI said it would reduce banks' statutory liquidity ratio by 50 bps to 19.5 percent from the fortnight starting...

4 Oct 2017 3:34 PM IST

Reserve Bank Governor Urjit Patel

RBI maintains status quo; cuts growth forecast to 6.7 per cent in FY18

The reverse repo, at which RBI borrows from banks will continue to be at 5.75 per cent.

4 Oct 2017 3:02 PM IST

Reserve Bank Governor Urjit Patel. (Photo: PTI)

RBI keeps repo rate unchanged at 7-year low of 6 per cent

This was the fourth bi-monthly policy review by RBI's Monetary Policy Committee in 2017.

4 Oct 2017 2:31 PM IST

The United States is pressing India not to extend price caps on medical devices.

US pressing India to avoid capping medical device prices

Prime Minister Narendra Modi's government has in recent months slashed prices of medical devices such as knee implants...

4 Oct 2017 2:23 PM IST

They also raise wild fears that miscreants could misuse the fuel to make petrol bombs for use in agitations.

Excise duty cut on petrol, diesel adds to fiscal concerns: Nomura

Earleir, the government had hiked excise duty on petrol and diesel in 2015-16.

4 Oct 2017 2:22 PM IST

Fuel prices have been on a constant rise with petrol prices shooting up by nearly Rs 7-8 on Wednesday.

Petrol price down Rs 2.5 a litre, diesel by Rs 2.25

Till Tuesday VAT on petrol in Delhi was Rs 15.07 while on Wednesday it stands at Rs 14.54.

4 Oct 2017 2:01 PM IST

Prime Minister Narendra Modis announced a new credit line of credit to Bangladesh during his Dhaka visit in June last year. (Photo: AFP)

India extends helping hand to Bangladesh, provides USD 4.5 billion...

The loan, the biggest credit line provided by India to any country, was first announced by Prime Minister Narendra Modi...

4 Oct 2017 1:43 PM IST