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Calling it a serious matter, CAIT urged the government to start a high-level enquiry at Indian ports to bring an end to the crony nexus. (Photo: File | Twitter)

Business

CAIT launches initiative to accelerate use of digital payments among...

HDFC Bank's Smita Bhagat said that the initiative will make a big difference in the lives of small traders.

8 Aug 2019 7:14 PM IST

Economic Affairs Secretary Shaktikanta Das

Business

RBI cuts rate 0.35 per cent, EMIs set to fall

The RBI itself has reduced its growth estimate down to 6.9 per cent for FY20, from the seven per cent it had projected...

8 Aug 2019 1:59 AM IST

$With multiple agencies probing the alleged Rs 13,000-crore fraud at state-run Punjab National Bank, the Reserve Bank of India (RBI) says it has conducted its scrutiny and the matter is currently under examination for \enforcement action\.$ Business

RBI cuts risk weight on consumer loans to 100 per cent

On a review, it has been decided to reduce the risk weight for consumer credit, including personal loans, RBI statement...

7 Aug 2019 7:35 PM IST

Reserve Bank of India (RBI) on Thursday directed all payment system operators in India to store data within the country.

Business

RBI to cover all repetitive bill payments under Bharat Bill Payments...

A detailed guideline in this regard will be issued by September-end.

7 Aug 2019 3:00 PM IST

Business

RBI to allow round-the-clock fund transfers under NEFT from December

RBI had said that it will make available the NEFT system on a 24x7 basis from December 2019.

7 Aug 2019 1:46 PM IST

The previous high quarterly GDP growth was recorded in July-September period in 2014-15 at 8.4 per cent. (Representational Image)

Business

RBI lowers GDP growth forecast to 6.9 pc for FY'20 on demand,...

The RBI said various high frequency indicators suggest weakening of both domestic and external demand conditions.

7 Aug 2019 1:36 PM IST

Defending the banks in this issue, a senior official, however, claimed that the quick mortality rate on Mudra loans has come down drastically after strict norms issued by the RBI and the ministry of finance.(Representational image)

Business

EMIs likely to come down as RBI cuts interest rate by 35 bps

The fourth consecutive rate cut is expected to lower EMIs for home and auto buyers, and borrowing cost for corporates.

7 Aug 2019 12:49 PM IST

As per the Central Statistics Office (CSO) data inflation in vegetables contracted by 2.19 per cent last month, compared to 7.8 per cent in June.

Business

RBI keeps retail inflation projection within target for next 12 months

CPI (Consumer Price Index) retail inflation is projected at 3.1 per cent for the second quarter this fiscal.

7 Aug 2019 12:21 PM IST

Business

RBI cuts key rate by 35 bps to boost economic activitiy

RBI trims GDP growth forecast for current fiscal to 6.9 per cent from 7 per cent previously predicted.

7 Aug 2019 11:56 AM IST

The retail inflation which is based on the Consumer Price Index (CPI) was 2.33 per cent in November and 5.21 per cent in December 2017.

Business

Inflation likely edged up to nine-month high in July: report

Food prices have risen due to lower-than-expected monsoon rains over the past two months.

7 Aug 2019 9:59 AM IST

Former Reserve Bank of India governor Bimal Jalan

Business

Govt should borrow only long-term fund from overseas market: Jalan

India's sovereign external debt-to-GDP level is among the lowest globally at less than 5 per cent.

7 Aug 2019 9:02 AM IST

Business

Experts hope another 25 bps rate cut by RBI

Talking to reporters after the meeting, SBI chairman Rajnish Kumar had said he was hopeful of another rate cut by MPC.

6 Aug 2019 5:54 PM IST