The repo rate has been brought down to 5.15 per cent to help reduce borrowing costs for home and auto loans.
04 Oct 2019 12:08 PM
The IHS Markit India Services Business Activity Index fell to 48.7 in September from 52.4 in August.
04 Oct 2019 11:54 AM
RBI Governor Shaktikanta Das has already hinted further monetary policy easing while space for fiscal space is limited.
03 Oct 2019 5:50 PM
ICAI on Wednesday said it has triggered its disciplinary mechanism and has written to the bank as well as regulatory agencies.
02 Oct 2019 3:56 PM
With current inflation remaining benign, we expect RBI to opt for a 40 bps rate cut, said Yes Bank's Yuvika Oberoi.
02 Oct 2019 2:41 PM
The six-member MPC is scheduled to announce the fourth bi-monthly monetary policy for 2019-20 on Friday, October 4.
01 Oct 2019 5:19 PM
RBI has put on PMC strict restrictions including limiting withdrawals at Rs 10,000 and banning it from lending for next six months.
01 Oct 2019 9:42 AM
Excluding the valuation effect, the increase in external debt would have been USD 12.4 billion instead of USD 14.1 billion.
01 Oct 2019 9:15 AM
PMC Bank came under stress due to alleged financial irregularities forcing the RBI to impose restriction on it.
30 Sep 2019 3:38 PM
Since December 2016, Kshatrapati Shivaji is working with the Asian Development Bank as an executive director.
30 Sep 2019 3:18 PM
However, economists differ on the quantum of the rate cut ranging from 15 basis points to 50 basis points.
30 Sep 2019 1:38 AM
The admission came in after a board member leaked the actual balancesheet details to the RBI, said a source.
29 Sep 2019 6:02 PM
RBI has already slashed the repo rate (short-term borrowing rate) four times aggregating to 1.10 percentage points since January.
29 Sep 2019 4:33 PM
Government finances have come under pressure due to moderation in revenue collection and a slew of measures taken to lift growth.
29 Sep 2019 2:38 PM
Markets would remain closed on Wednesday for 'Mahatma Gandhi Jayanti'.
29 Sep 2019 11:06 AM
The party also attacked the Modi government on the rising prices of onions.
28 Sep 2019 2:44 AM
It appears wisdom is yet to dawn despite serious banking events that keep bobbing up every few months.
28 Sep 2019 12:00 AM
A bench of Chief Justice D N Patel and Justice C Hari Shankar issued notice to the Centre, RBI and Indiabulls.
27 Sep 2019 3:29 PM
In a statement, the central bank said PMC Bank customers can now withdraw Rs 10,000 from their account, instead of Rs 1,000.
26 Sep 2019 4:39 PM
RBI has capped cash withdrawal at Rs 1,000 per customer during this period and banned the bank from any fresh lending.
26 Sep 2019 12:49 PM