He said that the RBI has been cutting rates to give a boost to the economy as slowdown was visible for past few months.
16 Sep 2019 7:28 PM
However, retail inflation is still within the Reserve Bank's target range, thus keeping hopes of another rate cut alive.
12 Sep 2019 7:18 PM
The programme will make foreign exchange credit available to exporters at competitive rates, said Commerce Minister Piyush Goyal.
12 Sep 2019 2:24 PM
This is credit negative for India's banks as it will limit their flexibility in managing interest rate risk, Moody's said in a statement.
10 Sep 2019 2:12 PM
Madame Sitharaman, it is time to rejig outdated rules and challenge Budget traditions.
07 Sep 2019 12:16 AM
Banks are grappling with high deposit costs and are also burdened with about $150 billion in stressed assets.
06 Sep 2019 1:42 AM
PMO’s intervention seems more likely after the FM said recently that the government was yet to decide how to utilise Rs 1.76 lakh crore.
01 Sep 2019 1:20 AM
The FD target for FY 2019-20 is an unreachable 2.85 per cent of GDP.
31 Aug 2019 12:06 AM
The RBI said as of June 30 it “stands as a central bank with one of the highest levels of financial resilience globally”.
30 Aug 2019 1:47 AM
Report states, ‘balance in contingency fund as of June 30, 2019 was Rs 1.96 lakh crore compared to Rs 2.32 lakh crore as of June 30, 2018.’
29 Aug 2019 6:55 PM
The RBI was founded in 1935 and has been operating according to the Reserve Bank of India Act of 1934.
28 Aug 2019 2:47 AM
The RBI is aware and concerned about slow growth and cut interest rates in its policy statement.
28 Aug 2019 1:10 AM
This follows the RBI board accepting the recommendation of high-level panel headed by its former governor Bimal Jalan.
26 Aug 2019 9:08 PM
DHFL owes over Rs 45,000 to banks, and the rest to other financiers including mutual funds, pension funds and insurers.
21 Aug 2019 12:31 PM
A dozen public sector banks, including State Bank of India, have voluntarily linked their interest rates to repo.
21 Aug 2019 11:31 AM
Every bank has to deposit a percentage of their deposits in the RBI to safeguard the interests of the depositors.
20 Aug 2019 8:21 AM
IL&FS group's failure has made banks highly risk averse to the NBFC sector, leading to a severe liquidity crunch.
19 Aug 2019 1:14 PM
SBI was to first one to link loans and deposits to the repo rate from May and home loans from July, six other banks followed.
19 Aug 2019 12:40 PM
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