Reserve Bank of India
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Economy will return to 9 percent growth soon: India Inc...of some experts that the high GDP growth would let the country s central bank tighten its monetary policy, Banerjee said the Reserve Bank of India (RBI) should maintain the key rates at the current levels. 'It would be important for RBI... In this article: Moody's, Reserve Bank of India, Confederation of Indian Industry, India, and New Delhi |
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FT.com - Companies | 7 hours ago
India sets deadline for IFRS introduction
...companies and then expand them to cover the larger SME group. With little time left to prepare, P R Ravi Mohan, general manager of the Reserve Bank of India, warned of the challenges of the implementation of the new rules. He echoed...
In this article: India, European Union, and KPMG
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Indiana Times - The Economic Times | 8 hours ago
Nomura ups India FY10 growth forecast
...in manufacturing, adding pressure on the central bank to lift interest rates as inflation rises. "Today's data strengthens the case for the Reserve Bank of India (RBI) to exit from its very easy policy settings," Varma said. She expects the...
In this article: Nomura, Fiscal year, India, All rights reserved, Inflation, and Mumbai
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Indiana Times - The Economic Times | 10 hours ago
Policy makers bumbup forecasts
...drivers of the economy like private consumption and investment demand be able to takeover over." Economists are of opinion that the Reserve Bank of India ,which began its exit from its loose monetary policy by removing certain liquidity...
In this article: Pranab Mukherjee, Morgan Stanley, All rights reserved, Fiscal year, and Aditya Birla Group
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Reuters | 10 hours ago
UPDATE 2-India economy surges, adds pressure to raise rates
...in March 2010. For a graphic on GDP growth and inflation, see http://r.reuters.com/syt93g) "This data could be a green light for the Reserve Bank of India to hike rates, and there are greater chances of this by end of the calendar year,"...
In this article: Inflation, India, Fiscal year, Montek Singh Ahluwalia, Asia, Singapore, Planning Commission, and Recession
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BBC News | 12 hours ago
India's economy continues to grow
...central bank room to raise interest rates as early as December to combat rising inflation. "This data could be a green light for the Reserve Bank of India to hike rates, and there are greater chances of this by the end of the calendar year,"...
In this article: Inflation, India, Fiscal year, and HSBC
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Telegraph.co.uk - Business | 12 hours ago
Indian economy surprises with fastest growth in more than a year
...in place. "This is a surprising number," said Sonal Varma, an economist at Nomura, told Bloomberg. "It will make it easier for the Reserve Bank of India to exit from the emergency low interest rate regime adopted last year. " The Indian...
In this article: India, Asia, Recession, Tax, Duvvuri Subbarao, Nomura, Singapore, and South Korea
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Financial Times | 14 hours ago
India growth shatters expectations
...the government's fiscal stimulus measures introduced to reverse the effects of the global financial crisis. It will put pressure on the Reserve Bank of India, which has expressed concern about rising inflation, to bring to an end its...
In this article: India, Fiscal year, Inflation, HSBC, and Dubai
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washingtonpost.com | 3 days ago
Gold tumbles as Dubai triggers stampede to dollars
...adding the sale was part of the 403.3 tonnes approved by its executive board in September. The IMF has already sold 202 tonnes to the Reserve Bank of India and the Bank of Mauritius. "The central bank story is the one that has driven gold...
In this article: Dubai, International Monetary Fund, Platinum, Palladium, Silver, Inflation, Central Bank of Sri Lanka, and Bank of Mauritius
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Reuters | 4 days ago
Prepare for Asia capital controls-lite
...not directly involved with currency policy but have direct knowledge of policy decisions, said capital inflows are substantial, and the Reserve Bank of India may use more existing tools, such as raising the reserve ratio for banks, to drain...
In this article: Asia, Asean, Tax, Thailand, Indonesia, India, Taiwan, South Korea, and Singapore
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Reuters | 5 days ago
CORRECTED - CORRECTED-RPT-PRECIOUS-Gold hits record on dollar, India buying
...and Mauritius have followed suit. The market gained further on Wednesday after Indian newspaper the Financial Chronicle said the Reserve Bank of India (RBI) could buy the IMF's remaining 201.3 tonnes of gold, now the subject of...
In this article: India, Silver, International Monetary Fund, Platinum, and Palladium
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Description from Wikipedia:
The Reserve Bank of India (RBI, भारतीय रिज़र्व बैंक) is the central bank of India, and was established on April 1, 1935 in accordance with the provisions of the Reserve Bank of India Act, 1934. The Central Office of the Reserve Bank was initially established in Calcutta but was permanently moved to Mumbai in 1937. Though originally privately owned, RBI has been fully owned by the Government of India since nationalization in 1949.
Duvvuri Subbarao who succeeded Y. Venugopal Reddy on September 2, 2008 is the current Governor of RBI.
The Reserve Bank of India was set up on the recommendations of the Hilton Young Commission. The commission submitted its report in the year 1926, though the bank was not set up for nine years.
The Preamble of the Reserve Bank of India describes the basic functions of the Reserve Bank as to regulate the issue of Bank Notes and keeping of reserves with a view to securing monetary stability in India and generally to operate the currency and credit system of the country to its advantage.
It has 22 regional offices, most of them in state capitals.
- Headquarters:
- Mumbai, Maharashtra, India
- Head:
- Duvvuri Subbarao
- Website:
- http://www.rbi.org.in
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