RBI

The manufacturing sector, particularly textile and iron and steel segments, maintained its pace of sales growth in the second quarter of 2018-19 as compared to the year-ago period, the RBI said on Wednesday.Demand condition in the manufacturing sector "maintained its pace in the September...

Paytm has received final approval of the Reserve Bank to formally launch its payments bank and it expects to start operations next month. According to a PTI report: Payments banks can accept deposits from individuals and small businesses of up...

After increasing the limit on mobile wallet spends, RBI has now eased card payments by removing the two-factor authentication for online card transactions involving sums up to Rs 2,000. The move aims to simplify and encourage electronic payments adoption at...

Nudging retailers such as malls and shop owners to deposit their daily collections with banks, RBI has said they would be allowed to withdraw the deposited sum in Rs 2,000 and Rs 500 notes, irrespective of the existing withdrawal...

E-commerce and digital payments company, Paytm is targeting to go live with its payments bank post Diwali. The firm, which earlier hinted at an August and then - when the date passed - a November launch, is in the final leg...

Consumer electronics and appliances manufactures have unanimously hailed the RBI's move to slash key policy rate by 0.25 per cent. The manufacturers said that it will add to the "festive fervour" with lower interest driving demand and boosting the...

India's annual rate of inflation based on wholesale prices touched a two-year high in August at 3.74 per cent from 3.55 per cent in the month before, said official data released on Wednesday. After rising for the first time in...

Retail inflation, as measured by the Consumer Price Index (CPI), accelerated to 5.76 per cent in May, driven primarily by rising food prices, making it more unlikely for the central bank to cut rates in the near future. According to...

RBI has retained January 2017 retail inflation target at 5 per cent, though with an upward bias, amid a sharper-than-anticipated upsurge in inflationary pressures due to food items and firming oil prices. According to a PTI report: Consumer Price Index...

Rakesh Mohan, former RBI Deputy Governor has joined Nestle India as an independent director. He will be taking over his duties and responsibilities from May 1, 2016 onwards as an Independent Non-Executive Director. Prior to it, he was on Nestle India's...