The policy wonks on Mint Street have finally turned hawkish. The six-member monetary policy committee of the Reserve Bank of India has signalled a clear shift towards a higher interest rate regime in ...

Former RBI Governor Urjit Patel has been appointed as a vice-president of Beijing-based multilateral funding institution AIIB, sources in the bank said on Sunday. India is a founding member of the As...

Urjit Patel’s virtual dismissal and Viral Acharya’s resignation from the Reserve Bank of India are old news. Its capture by the Delhi government is extreme even by Indian standards; but no...

The RBI’s reserves consist of two parts: the first is a contingent reserve buffer (CRB) that the Bimal Jalan committee described as “realised equity”, and the second is a notional fu...

The Congress on Wednesday accused the Narendra Modi government of destroying the banking and financial sectors with bad decisions, failing to punish defaulters and curbing the autonomy of the RBI. Ar...

Rahul Gandhi has asked Prime Minister Narendra Modi why he did not want to take an action against bank defaulters, responding to revelations made by former RBI governor Urjit Patel in his book that di...

Even 15 years after quitting the Reserve Bank of India (RBI), former governor Bimal Jalan lapses into RBI-speak whenever he doesn’t want to say much on an issue.We are in Jalan’s office on the six...

Prime Minister Narendra Modi has tried to play down the embarrassment his government suffered over the futility of the demonetisation exercise by claiming that the sudden move to ban high-value curren...

As Prime Minister Narendra Modi’s government turns up the heat on the Reserve Bank of India (RBI) governor to do its bidding ahead of next year's general election it is getting the central bank’s ...

Former RBI governor Raghuram Rajan has expressed concerns about the excessive centralisation of power in political decision-making in the country.“India can’t work from the centre. India works whe...