RBI

On January 24th, 2014 Reserve Bank of India had announced that they will completely withdraw from circulation all banknotes of all denominations issued prior to 2005 and all citizens who have pre-2005 currency notes will get it exchanged…

While the news of scribbled currency being banned from Jan 2014, which was widely being spoken about was simply a rumour, this one if not. RBI has officially announced (read update as well) in a press release yesterday that after March…

As Team Anna contemplates stepping foot in politics, here's a look at the top business news for the week. Jet Airways, Spice Jet and IndiGo to fly on Air India's foreign routes In an announcement that private carriers welcomed, the…

Finally after 2 years of continuous upward revisions RBI, in its annual monetary policy for 2012-13, slashed the policy interest rates by 50 basis points surprising analysts and markets. They were expecting a rate cut of 25 bps, but RBI…

Peace of mind is what Indians prefer – a majority of the Indian consumers are wary of using technology-enabled banking services such as accessing online banking, mobile banking, utilizing ATMs or carrying out even basic credit card…

The last time RBI had issued banking licenses was 2004; Kotak Mahindra Bank and Yes Bank were established. We have seen the kind of wealth creation that they were able to create in just six years. However, RBI seems to have a concern on…

The USD-INR exchange rate is an important indicator of investor sentiment and can significantly impact not only the fortunes of individual firms and sectors, but also the government. While this exchange rate has been very stable overall…

RBI Hikes Key Policy Rates Like Air India pilots, even equity shares seem to have gone on strike against RBI’s move to hike key policy rates by 50 bps today. Benchmark BSE Sensex corrected a whopping 463 points indicating its disliking…

Despite fraught with multiple corruption charges within the political party, one thing for sure - the reformist movement at the UPA government has reigned over the lethargically-motivated bureaucratic red-tapism. This Congress-led…

Paypal is not offering any respite to Indian users. I opened my mail-box earlier today and was greeted with following mail from Paypal. As part of our commitment to provide a high level of customer service, we would like to give…