Earlier this month, RBI announced three major steps to encourage banks to lend more to liquidity starved NBFCs.
14 Aug 2019 4:02 PM
Bank of India said that it has cut the one-year MCLR where more than 80 per cent of its loan book sits by 25 bps, effective August 10.
10 Aug 2019 1:24 AM
Companies are very despondent about the cost of capital. They are also less cheerful than earlier on availability of funding.
08 Aug 2019 4:04 PM
The 35 basis points (bps) cut in the repo rate is unusual, as the RBI has been changing the interest rate by 25 or 50 bps in the past.
08 Aug 2019 2:04 AM
The RBI itself has reduced its growth estimate down to 6.9 per cent for FY20, from the seven per cent it had projected in its June policy.
08 Aug 2019 1:59 AM
The economy needs to be pumped up as every sector from automobiles to agriculture is seeing a slowdown.
08 Aug 2019 12:00 AM
On a review, it has been decided to reduce the risk weight for consumer credit, including personal loans, RBI statement said.
07 Aug 2019 7:35 PM
A detailed guideline in this regard will be issued by September-end.
07 Aug 2019 3:00 PM
The RBI said various high frequency indicators suggest weakening of both domestic and external demand conditions.
07 Aug 2019 1:36 PM
The fourth consecutive rate cut is expected to lower EMIs for home and auto buyers, and borrowing cost for corporates.
07 Aug 2019 12:49 PM
Talking to reporters after the meeting, SBI chairman Rajnish Kumar had said he was hopeful of another rate cut by MPC.
06 Aug 2019 5:54 PM
Experts see the slowdown of global economic growth and lack of impetus in domestic inflation as reasons for a 25 bps rate cut.
06 Aug 2019 1:12 AM
Banks need to commensurately transmit rate cut benefit in lending, said an official release.
05 Aug 2019 8:27 PM
Consensus expects RBI to lower repo rate by 25 bps to 5.50 pc at its monetary policy meeting on August 7, DBS said.
05 Aug 2019 4:50 PM
Almost 80 per cent of 66 economists surveyed by Reuters expected the RBI to cut its benchmark repo rate by 25 bps.
02 Aug 2019 4:19 PM
The petition claimed that frequent changes in currency and coins made it difficult for visually impaired persons to identify and distinguish them.
02 Aug 2019 3:25 AM
ECBs with a minimum average maturity period of 10 years can now be used for working capital purposes and general corporate purposes.
31 Jul 2019 10:00 AM
In November, 2015, Gokarn was appointed as an executive director on the board of the IMF.
31 Jul 2019 9:27 AM
The nomination of Atanu Chakraborty is effective from July 29 and until further orders, RBI said.
30 Jul 2019 7:12 PM
Analysts and traders say this has been a major reason for foreign investors being net sellers from Indian equity markets.
29 Jul 2019 8:22 PM