RBI will come out with its next bi-monthly policy review on December 7 at the end of three-day meeting of Monetary Policy Committee beginning Monday...

As in the case of cash, it will not earn any interest and can be converted to other forms of money, like deposits with banks: central bank...

Primary advantage is that it ensures settlement finality and reduces settlement risks in the financial system: Jaya Vaidhyanathan...

In the second phase of the project, nine more cities and four more banks will be included...

A major area of concern is falling government consumption expenditure, which shrank 4.4 %...

Sources say meeting will be attended by other stakeholders who will review progress made on this front so far...

Eight banks have been identified for phase-wise participation in this pilot...

It would be issued in the same denominations that paper currency and coins are currently issued: Reserve Bank of India...

Citing a weak manufacturing sector coupled with steep margin compression, SBI Research has pencilled in the country’s GDP growth for Q2...

With rising global risk aversion adversely impacting our foreign capital inflows, the industry body stated that it poses challenges for financing India's current account deficit...