Posts From Rajesh Sharma

New Reserve Bank of India (RBI) Governor Shaktikanta Das said on Wednesday he would adopt a consultative approach and move quickly to meet the heads of state-run banks to tackle issues facing the banking sector. “I propose to undertake consultations

The Rupee fell by as much as 1.6% to 72.46 against the dollar on Tuesday after Reserve Bank of India Governor Urjit Patel quit late Monday, citing personal reasons. Stocks and bonds also fell before recovering in the afternoon. Patel’s

 The Reserve Bank of India (RBI) kept interest rates unchanged on Wednesday, in a decision that was widely expected as inflation has eased significantly, while it took steps to persuade banks to lend more in order to support an economy

NEW DELHI (Reuters) – India has approved the acquisition of defence equipment worth about 30 billion rupees ($ 431 million), the government said in a statement on Saturday. The Defence Acquisition Council approved the procurement of supersonic cruise missile BrahMos

MUMBAI (Reuters) – China was looking to boost agricultural exports to India while increasing imports of rapeseed and soymeal, President Xi Jinping told Indian Prime Minister Narendra Modi on the sidelines of a G20 meeting on Friday. Xi also indicated

 India’s economy grew a lower-than-expected 7.1 percent in the July-September quarter from a more than two-year high of 8.2 percent in the previous quarter, government data showed on Friday. The latest quarter’s annual pace of growth was lower than a

  TWICE IN THE past 30 years, housing finance has taken down America’s economy. As interest rates rise and the housing market stutters (see article), regulators are again pondering the risks from the mortgage market—this time from a shift towards

MUMBAI/NEW DELHI (Reuters) – The Reserve Bank of India (RBI) estimates that Indian banks will have capacity to lend an extra 2.5 trillion rupees to 3.0 trillion rupees ($ 35 billion to $ 42 billion) over the next year after

MUMBAI/NEW DELHI (Reuters) – The board of the Reserve Bank of India (RBI) on Monday agreed to ease liquidity for the financial sector and increase credit to small businesses, two sources present at the meeting said. The move comes in

 The Securities and Exchange Board of India (SEBI) tightened disclosure and review requirements for credit rating agencies (CRAs) on Tuesday, after the firms failed to raise timely red flags ahead of debt defaults by one of India’s top shadow lenders.