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President's Address on the eve of 67th Republic Day of India

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Start-up with an overseas subsidiary is permitted to open foreign currency account abroad: RBI

Reserve Bank of India (RBI) has said a start-up with an overseas subsidiary is permitted to open foreign currency account abroad to pool the foreign exchange earnings. In view of the Government's 'Start-up India' initiative, regulatory relaxations are being given to them.RBI fu...


RBI announces liquidity measures for March 2016

Reserve Bank of India has said it will inject adequate additional liquidity using a combination of appropriate instruments while continuing with its normal liquidity adjustment facility operations. The apex bank said this while announcing the liquidity measures for March 2016 Thursday.The...


RBI Governor asks global banks to keep it informed about any liquidity drain from their operations in India

Expecting global banks to weather the current turmoil, RBI Governor Raghuram Rajan has asked them to keep the Indian central bank informed about any liquidity drain from their operations in India. Addressing a banking conference organised by CII in Mumbai Thursday, Dr Rajan said at this p...


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