Showing posts with label RBI. Show all posts
Showing posts with label RBI. Show all posts
"It is "ridiculous" for a bank to charge its own customers for these services."
senior-most Reserve Bank Deputy Governor K C Chakrabarty on rising demand from banks that they be allowed to increase user fees and limit free access to automated teller machines (ATMs)
"Inflation is both a monetary and political issue and wanted the political establishment to understand the importance of curbing rising prices."
Reserve Bank Governor Raghuram Rajan 
"Decision to hike repo rate by 0.25 per cent was not to ward off any possible contagion on the domestic financial markets from troubles in some of the emerging market currencies, but to bring down inflation".
Reserve Bank Governor Raghuram Rajan 
"All pre-2005 currency notes can be used for commercial transaction only till March 31 but could be exchanged at banks even after this deadline"
Reserve Bank of India

"...an increase in the policy (repo) rate by 25 basis points is needed to set the economy securely on the recommended disinflationary path,"
Reserve Bank Governor Raghuram Rajan while unveiling the Third Quarter Review of Monetary Policy.