MUMBAI (Reuters) - The Reserve Bank of India is likely to change its monetary policy stance to “neutral” from “calibrated tightening” on Thursday and move closer to a rate cut in April as inflation stays below the central bank’s 4 percent target. FILE PHOTO: A security guard stands next to the logo of Reserve Bank of India (RBI) inside its headquarters in Mumbai, India, December 5, 2018. REUTERS/Francis Mascarenhas/File Photo A softer stance would bode well for Prime Minister Narendra Modi’s...

MUMBAI (Reuters) - Eleven Indian state-owned banks will have to wait for about a month before knowing which of them will have lending curbs eased after a Reserve Bank of India (RBI) panel reviews their December quarter results, an official with direct knowledge of the matter told Reuters on Thursday. FILE PHOTO: A man speaks on his mobile phone outside the Reserve Bank of India (RBI) headquarters in Mumbai, India October 4, 2017. REUTERS/Shailesh Andrade/File Photo The Indian government of...

MUMBAI (Reuters) - Eleven state-owned banks will have to wait for about a month before knowing which of them will have lending curbs eased after a Reserve Bank of India (RBI) panel reviews their December quarter results, an official with direct knowledge of the matter told Reuters on Thursday. FILE PHOTO: A Reserve Bank of India (RBI) logo is seen at the gate of its office in New Delhi, India, November 9, 2018. REUTERS/Altaf Hussain/File Photo The government of Prime Minister Narendra Modi...

MUMBAI (Reuters) - Reserve Bank of India Governor Urjit Patel resigned for “personal reasons” on Monday, a decision analysts linked to intense pressure on the central bank from the government to ease regulatory curbs. FILE PHOTO: The Reserve Bank of India (RBI) Governor Urjit Patel pauses during a news conference after a monetary policy review in Mumbai, India, December 5, 2018. REUTERS/Francis Mascarenhas/File Photo “On account of personal reasons, I have decided to step down from my current...

MUMBAI (Reuters) - In a sign of a mounting policy struggle between India’s central bank and the government of Prime Minister Narendra Modi, a top bank official warned on Friday that undermining a central bank’s independence could be “potentially catastrophic”. FILE PHOTO: A guard stands next to the Reserve Bank of India (RBI) logo outside its headquarters in Mumbai, India, October 5, 2018. REUTERS/Francis Mascarenhas/File Photo The comments by Reserve Bank of India (RBI) Deputy Governor Viral...