RBI to examine Indiabulls, LVB merger proposal

The statement comes amidst report that the presence of two nominee directors of the Reserve Bank of India (RBI) on the board of Lakshmi Vilas Bank implies the central bank’s indirect approval of the proposal. Continue Reading

RBI vs Centre power struggle: Who will emerge top?

The huge public rift between the government and the Reserve Bank of India will play out after RBI board meeting today. The meeting was the first since the conflict became public knowledge and the full extent of damages and compromises is expected to be known after the meet. Continue Reading

RBI rate hike a ‘win-win’ situation for markets, banks: SBI report

The Reserve Bank of India’s (RBI) decision to raise the repo rate by 25 basis points (bps) to 6.50 per cent is a ‘win-win’ situation for both markets and the banks as inflation is expected to rapidly decelerate to sub-five per cent in coming months, suggests the report from the Economic Research Department of State Bank of India (SBI). Continue Reading