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The RBI minutes from October policy review underscored the monetary policy committee members unanimous decision to keep rates lower.

RBI rejigs internal setup to monitor banks better

The development follows the RBI's central board decision to create separate supervisory and regulatory cadre.

2 Nov 2019 1:29 AM IST

Shares of Yes Bank jumped 35 per cent before closing with gains of 24 per cent after the lender informed the exchanges that it has received a $1.2 billion binding offer (around Rs 8500 crore) from a global investor. The bank is yet to consider the offer, it said.

Yes Bank gets Rs 8500 crore global investor offer

While the bank did not name the investor, according to reports, it was Hong Kong-based SPGP Holdings.

1 Nov 2019 1:56 AM IST

According to a latest TransUnion Cibil Industry Insights Report, consumer loans grew 17.1 per cent year-on-year (YoY) in Q2 2019, compared to 23.5 per cent in Q2 2018.

Lenders court risky borrowers to push up retail loan growth

Growth in credit cards and personal loans significantly outpaced growth witnessed in auto loans, home loans and loans...

31 Oct 2019 12:53 AM IST

State Bank of India

SBI surprises with robust Q2 earnings

Asset quality improved sequentially as well as year-on-year.

26 Oct 2019 1:25 AM IST

The Reserve Bank of India (RBI) late on Monday dropped Axis Bank from a list of banks it has cleared to import gold and silver in the current financial year that began April 1.

Axis Bank posts Rs 112-crore net loss

The bank's operating profit grew 45 per cent YoY to Rs 5,952 crore from Rs 4,094 crore in Q2FY19.

23 Oct 2019 2:45 AM IST

Securitisation of gold loan receivables, personal loan receivables, two-wheeler loan receivables and lease rental receivables are now mainstream.

Securitisation market to cross Rs 2L cr in FY20

A bigger boost, however, is expected from regulatory interventions, say analysts.

22 Oct 2019 1:31 AM IST

ICICI Lombard has approved payment of second interim dividend of Re 0.75 per equity share of face value of Rs 10 each.

Flood & motor claims impact Q2 profit of ICICI Lombard

Crop insurance had constituted 17 per cent of the total business last year.

19 Oct 2019 2:12 AM IST

Reserve Bank of India (RBI)

RBI feels bank rates will drop after benchmarking

All the six members of the MPC had voted in favour of a rate cut.

19 Oct 2019 2:12 AM IST

Following the November 8-9 demonetisation, the government over the weekend asked public sector insurers to provide discounts of up to 10 per cent on the premium amount for general insurance policies and 8 per cent in new life policies of Life Insurance Corporation sold online.

Slowdown makes its way in life insurance space

ICICI Prudential Life Insurance reported APE growth of 5.2 per cent YoY to Rs 700 crore on a received premium basis in...

16 Oct 2019 12:52 AM IST

The Budget has given priority to agriculture, MSME, NBFC, infrastructure and affordable housing. Reviving business confidence, private capex recovery, manufacturing, have got lower attention.

NBFC Q2 preview: Pessimism abound

The RBI and the government have announced several measures to boost liquidity for NBFCs.

8 Oct 2019 1:30 AM IST

Depositors protested at Punjab and Maharashtra Co-operative Bank (PMC Bank) branches

Is your money safe with the bank?

NCDs are a debt instrument with a fixed tenure and people who invest in these receive regular interest at a certain...

7 Oct 2019 4:56 AM IST

Shaktikanta Das

Cut: Repo by 25 bps, GDP by 80 bps

The reverse repo and marginal standing facility rates are now at 4.90 per cent and 5.40 per cent, respectively.

5 Oct 2019 1:48 AM IST