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
Finance secretary Rajiv Kumar discribed such social media messages as 'mischievous.'
25 Sep 2019 5:30 PM
RBI Gov Shaktikanta Das was responding to a question whether his academic qualification weighed him down as the governor.
22 Sep 2019 6:43 PM
We need to think what kind of innovation we need to undertake to attain a high growth, said Niti Aayog CEO Amitabh Kant.
18 Sep 2019 6:16 PM
Economic growth hit over six-year low of 5 per cent for the first quarter ended June 2019 mainly driven by demand slowdown.
18 Sep 2019 12:42 PM
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Madame Sitharaman, it is time to rejig outdated rules and challenge Budget traditions.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