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Reserve Bank of India (RBI)

RBI: lack of education limits electronic payments

A lack of education among bank staff at the branch level is the main reason for the slow adoption of electronic transfers in India, said Vittaldas Leeladhar, a deputy governor of the Reserve Bank of India.

RBI's Reddy on India's fiscal deficit

India must reduce its fiscal deficit but this must not limit the government's ability to promote inclusive growth, Y.V. Reddy, the governor of the country's Reserve Bank, believes.

India's Reddy on the global economy

The Reserve Bank of India is optimistic that the country's mutually beneficial relationship with the global economy will continue, Y.V. Reddy, the governor of the central bank, said.

India's central bank cuts again

The Reserve Bank of India cut rates by a percentage point for the second time in less than a month and eased deposit requirements for commercial banks in a bid to limit the impact of the financial crisis.

RBI profits soar

The Reserve Bank of India (RBI) has recorded growth of 182% in gross total income to Rs 75,348 crore ($18.4 billion) during 2006-07 from Rs 26,320 crore last year on the back of the sale of State Bank of India (SBI) shares.

Too strong rupee?

This article from the International Herald Tribune suggests that calls are mounting on the Reserve Bank of India to stem the strengthening of the rupee.

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