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B'luru engineer loses Rs 11.8 crore to 'digital arrest' scam

 A 39-year-old software engineer became a victim to a "digital arrest" scam and lost Rs 11.8 crore when fraudsters impersonating police officials claimed that his Aadhaar card was being misused to......

Reserve Bank of India net sold $6.5 billion in August, shows data

 The Reserve Bank of India (RBI) was a net seller of the US dollar in August, reversing its net buying position from July. Photograph: Shailesh Andrade/Reuters During the current financial year up......

Reserve Bank gets EC approval to grant new bank licences

 Ending weeks of uncertainty, the Election Commission on Tuesday allowed the Reserve Bank to issue licences for setting up new banks. "The Commission is of the view that the Reserve Bank of India......

Some good news at last from Reserve Bank!

 Painting an optimistic picture on the external front, the Reserve Bank has said the country is ready for the US Federal Reserve's tapering, and has pegged the current account deficit at below 3 per......

Reserve Bank expects trade deficit to moderate in Q2

 The current account deficit is expected to moderate in the second quarter of the current financial year, driven by improvement in the trade balance, said the Reserve Bank of India’s......

Rates: Why the Reserve Bank is in dilemma

 Recent statements from the Central government, particularly from Finance Minister P Chidambaram, have emphasised that the RBI must co-ordinate its efforts with the government, that it should work......

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