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The Monetary Policy Committee noted that

Implementation of GST has rendered short-term prospects uncertain:...

He also said that re-capitalising PSU banks is necessary to ensure that growth impulse is not restrained.

4 Oct 2017 4:41 PM IST

After opening a shade higher at 26,304.90, the Sensex advanced to the days high of 26,449.87.

Sensex up 174 points at 31,671.71 on RBI's policy decision

A strengthening rupee, which hit 65.03 against the dollar during the day, pepped up mood.

4 Oct 2017 4:38 PM IST

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

SBI chairman Arundhati Bhattacharya with Rajnish Kumar at an event. (Photo: PTI)

Rajnish Kumar to succeed Arundhati Bhattacharya as SBI chairman

Kumar was frontrunner along with three other MDs interviewed by Banks Board Burea.

4 Oct 2017 4:16 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

At least 22 people were killed in a stampede on foot overbridge at Elphinstone Road Railway station on Friday. (Photo: PTI)

Crowd mistook 'phool gir gaya' cry as 'pul gir gaya': stampede...

However, a railway official said they were yet to ascertain if this was the sole cause of the mishap at Mumbai's railway...

4 Oct 2017 3:51 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

Akkineni Nagarjuna was seen in Varmas directorial debut film Shiva and Govinda Govinda.

Akkineni Nagarjuna to reunite with Ram Gopal Varma after 25 years

The duo that had previously worked on two Telugu films, will be teaming up again for a realistic action' movie.

4 Oct 2017 3:00 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