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In this file photo dated April 05, 2018, Reserve Bank of India (RBI) Deputy Governor Viral Acharya arrive for a press conference at RBI headquarters in Mumbai. Acharya, who was in ...

PTI Photo/ Shashank Parade
Reserve Bank of India (RBI) Governor Shaktikanta Das during RBI's bi-monthly policy review, in Mumbai.

PTI Photo/Mitesh Bhuvad
Reserve Bank of India (RBI) Governor Shaktikanta Das along with deputies arrive for RBI's bi-monthly policy review, in Mumbai.

PTI Photo/Mitesh Bhuvad
Reserve Bank of India (RBI) Governor Shaktikanta Das along with deputies arrive for RBI's bi-monthly policy review, in Mumbai.

PTI Photo/Shashank Parade
Union Finance Minister Arun Jaitley and RBI Governor Shaktikanta Das during the 575th Central Board Meeting of Reserve Bank of India in New Delhi.

PTI Photo/Atul Yadav
Union Finance Minister Arun Jaitley and RBI Governor Shaktikanta Das during the 575th Central Board Meeting of Reserve Bank of India in New Delhi.

PTI Photo/Atul Yadav
Union Finance Minister Arun Jaitley and RBI Governor Shaktikanta Das arrive for the 575th Central Board Meeting of Reserve Bank of India in New Delhi.

PTI Photo/Atul Yadav
Reserve Bank of India (RBI) employees protest outside their office during the 48-hour-long nationwide general strike called by central trade unions protesting against the "anti-peo...

PTI Photo/Ashok Bhaumik
Reserve Bank of India (RBI) Governor Shaktikanta Das interacts with the media at the RBI office, in New Delhi.

PTI Photo/ Manvender Vashist
Reserve Bank of India's new Governor Shaktikanta Das arrives for a press conference at the RBI headquarters in Mumbai. Das was appointed after Urjit Patel resigned on Monday amid a...

AP Photo/Rafiq Maqbool
Reserve Bank of India's new Governor Shaktikanta Das sits for a press conference at the RBI headquarters in Mumbai. Das was appointed after Urjit Patel resigned on Monday amid a gr...

AP Photo/Rafiq Maqbool
RBI Governor Urjit Patel (C) with deputy governors arrive for a post-monetary policy meeting press conference, at RBI Headquarters in Mumbai.

PTI Photo/Mitesh Bhuvad
RBI Governor Urjit Patel addresses a press conference after a monetary policy meeting, at RBI headquarters in Mumbai.

PTI Photo/Mitesh Bhuvad
Tata Sons Chairman, N Chandrasekaran leaves after a board meeting at the RBI Headquarters, in Mumbai.

PTI Photo/Shashank Parade
RBI board member Revathy Iyer leaves after a board meeting at the RBI Headquarters, in Mumbai.

PTI Photo/Shashank Parade
RBI board Director Bharat Doshi leaves after a board meeting at the RBI Headquarters, in Mumbai.

PTI Photo/Shashank Parade
RBI board member Manish Sabharwal leaves after a board meeting at the RBI Headquarters, in Mumbai.

PTI Photo/Shashank Parade
A man walks past near the Reserve Bank of India Headquarters, in Mumbai. RBI board meeting is being held today in Mumbai amid reports of rising tensions between the central bank an...

PTI Photo/Shashank Parade
Congress Party workers stage a protest against 'demonetisation' in front of the RBI office at Gomti Nagar in Lucknow.

PTI Photo/Nand Kumar
Security deployed outside RBI Headquarters during a Congress Party protest on the 2nd anniversary of demonetisation, in New Delhi.

PTI Photo/Ravi Choudhary

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RBI Cuts Repo Rate By 35 bps To Fuel Investment, Experts Optimistic Of Economy Picking Up

RBI governor Shaktikanta Das said Wednesday that the central bank has lowered the GDP growth forecast for 2019-20 from 7 per cent to 6.9 per cent owing to demand and investment slowdown, which is causing dampening effect on the growth

Aug 07, 2019

| Jyotika Sood
RBI Lowers GDP Growth Forecast To 6.9 %, Governor Says Slowdown Cyclical, Not Structural

The RBI has cut the repo rate by an unusual 0.35 percentage points to 5.40 per cent in its third monetary policy review for the current financial year.

Aug 07, 2019

| Outlook Web Bureau
RBI Cuts Repo Rate By 35 Basis Points To 5.40%, EMIs Set To Get Lower

This is the fourth consecutive time that the RBI has reduced repo rate. In the earlier three policies, it reduced repo rate by 25 basis points each.

Aug 07, 2019

| Outlook Web Bureau
State Bank of India Waives RTGS, NEFT, IMPS Charges

To provide an impetus to digital funds movement, SBI waived-off RTGS and NEFT charges for YONO, internet banking (INB) and mobile banking (MB) customers from July 1, 2019. And it will also waive-off IMPS charges for its INB, MB and YONO customers effective from August 1, 2019.

Jul 12, 2019

| Outlook Web Bureau
NS Vishwanathan Gets Re-Appointed As Deputy Governor Of RBI For One Year

NS Vishwanathan is one of the three deputy governors, besides B P Kanungo and M K Jain, working at the central bank.

Jul 01, 2019

| Outlook Web Bureau
Nirmala Sitharaman Meets Manmohan Singh Ahead Of Her First Budget

Former Prime Minister Manmohan Singh was the finance minister from 1991 to 1996 in the Narasimha Rao government.

Jun 27, 2019

| Outlook Web Bureau
Viral Acharya Quits As RBI Deputy Governor Six Months Before His Term Ends

Viral Acharya, a deputy governor of the Reserve Bank of India, has resigned from his post at the Central bank six months before his term was scheduled to end.

Jun 24, 2019

| Outlook Web Bureau
Over Rs 2.5 Lakh Crore Worth Frauds In 11 Years, ICICI Bank, SBI Among Top Victims: RBI

Of the total 53,334 cases of frauds reported during 2008-09 and 2018-19 fiscal years, involving a whopping Rs 2.05 lakh crore, the highest of 6,811 were reported by the ICICI Bank involving Rs 5,033.81 crore.

Jun 12, 2019

| PTI
Raghuram Rajan Among Contenders For Bank Of England Governor Post: Report

Raghuram Rajan, who served as the 23rd Governor of RBI between 2013 and 2016, is the only outsider among the top contenders for the job

Jun 12, 2019

| Outlook Web Bureau
RBI Removes RTGS/NEFT Transactions Charges, Asks Banks To Pass On Benefits

The Real Time Gross Settlement System (RTGS) is meant for large-value instantaneous fund transfers while the National Electronic Funds Transfer (NEFT) System is used for fund transfers up to Rs 2 lakh.

Jun 06, 2019

| Outlook Web Bureau

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Magazine

Demonetisation And GST: Curse Or Masterstroke? Ask, World Bank

Demonetisation and the subsequent introduction of Goods and Service Taxes (GST) were aimed at lifting Indian economy. But the government's vision has been counterproductive given the way international bodies are calculating India's economic growth

Apr 25, 2019

| Lola Nayar
When Not An Advisor, Spill

Subramanian should have stuck to GST, demonetisation, agriculture.... In his zest for divulging tasty bits, he hasn’t done the CEA’s office a good turn

Jan 30, 2019

| Bibek Debroy
...And The Presses Rolled Overtime

Events of great import crowded each other out in a cascade, polarising and unifying in equal measure. A summing up of 2018.

Dec 25, 2018

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Ahead Of 2019 Battle, BJP In A Soul-Search Mode

The defeat in Madhya Pradesh and Chhattisgarh and Rajasthan has made the larger Sangh parivar restless. The signs of disaffection are showing and voices of dissent are getting expressed openly.

Dec 20, 2018

| Bhavna Vij-Aurora Lola Nayar
What Led To Former RBI Governor Urjit Patel's Resignation

After Patel’s exit citing ‘personal reasons’, a new RBI governor was quickly chosen

Dec 12, 2018

| Lola Nayar
Modinomics: How Has Modi Govt Fared On The Economy? It's Time For An Audit

Has the Modi experience matched the promised Modi magic of 2014? Verifiably not. But has its patchwork quilt offered enough warmth to see it through 2019? We will know in a few months.

Dec 06, 2018

| Arindam Mukherjee Lola Nayar
Governor Stirs Controversy Over Decision To Turn J&K Bank Into PSU

Governor stirs a hornet’s nest over J&K Bank, leading to protests and then a step back

Dec 05, 2018

| Naseer Ganai
2025: Our Century Come

Within its slim girth, this book charts out reforms to set right our ailing polity and administration to extirpate corruption and poor governance

Nov 21, 2018

| Bibek Debroy
'Demonetisation Drive Was Executed Without Much Planning'

Three experts answer some persisting questions about the government’s 2016 demonetisation drive

Nov 09, 2018

| Lola Nayar
No Laughing On Bank Street: In Flexing For More Autonomy, RBI Runs Into Govt’s Plans

Though it is not the first time the RBI and the finance ministry have engaged in or given rise to public discourse, the feud has never been so bitter.

Nov 09, 2018

| Lola Nayar
Raghuram Rajan: Stock In Trade | By A.K. Bhattacharya

Raghuram Rajan crafted a new monetary policy framework, laid grounds for attacking banking ills and spoke his unbiased mind, writes A.K. Bhattacharya.

Aug 08, 2018

| A.K. Bhattacharya
The Subcontinental Menu

What questions did the UP Congress ask in a written test conducted to select spokespersons; a Sri Lankan govt probe report has details on Mahinda Rajapaksa’s campaign funds; and how Laden, the elephant, is wreaking havoc in Assam. Read all this and more here.

Jul 04, 2018

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