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Business

RBI sells entire stake in NHB, Nabard to government for Rs 1,470 cr

RBI sold stake in NHB on March 19, while it sold the stake in Nabard on February 26, the bank said in a statement.

25 April 2019 1:33 PM IST

The stock markets will be steered by RBI policy, macroeconomic data points and global trends this week, say experts.

Business

RBI first APAC central bank to begin interest rate easing cycle: Fitch

Fitch has a 'BBB-', the lowest investment grade, rating on India, with a stable outlook.

24 April 2019 3:23 PM 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 announces Rs 25,000 cr liquidity injection in May as liquidity...

The purchase, called as open market operations (OMOs), will be undertaken in two equal tranches with the first one on...

24 April 2019 2:26 PM IST

The Reserve Bank of India on Thursday kept the key policy rate unchanged at 6 per cent for the fourth consecutive time.

Business

Weakening domestic growth impulses prompted RBI for rate cut: Minutes...

Four of the six MPC members had voted in favour of a 25 basis points reduction in the repo rate.

18 April 2019 7:25 PM IST

The Reserve Bank of India on Monday fixed the reference rate of the rupee at 64.9287 against the US dollar and 79.6870 for the euro.

Business

Dollar swaps can lower top 500 cos' interest burden by Rs 7000 crore

RBI had on March 26 conducted first of forex swap auctions raising USD 5 billion promising to pay back in rupees in...

16 April 2019 4:28 PM IST

The needless controversy between the government and the RBI is a direct consequence of economists without any practical experience in administering policies at a high level being inducted to executive positions.

Business

RBI net dollar buyer for third straight month in Feb, snaps up USD 825...

The central bank had turned net buyer of dollar for the first time in fiscal 2019 in December 2018, buying USD 607 mn.

14 April 2019 4:28 PM IST

With Google Pay, the company aims to make mobile payments less confusing. Whenever users make a purchase from Google or from any of its partners, they will see an option for Google Pay.

Business

How is Google Pay operating without authorisation: Delhi HC asks RBI

A PIL claims that GPay was acting as a payments system provider in violation of the Payments and Settlements Act.

10 April 2019 3:16 PM IST

Liquidity too has remained tight, thereby preventing them from reducing deposit rates.

Business

Banks go thrifty with rate cut again; it's 5 bps from SBI

The revised one-year MCLR stands at 8.50 per cent, down from 8.55 per cent earlier.

10 April 2019 1:31 AM IST

The police arrested chief executive and an executive director of state-run Bank of Maharashtra on Wednesday, accusing them of misusing their authority in making loans to a property developer.

Business

Bank of Maharashtra lowers lending rates by a nominal 5 basis points

RBI had cut repo rate to 6 pc from 6.25 citing need to support growth in bi-monthly monetary policy announced on...

6 April 2019 11:46 AM IST

Instead, gold was replaced by the dollar standard, with the proviso that dollars could be exchanged for gold.

Business

Forex reserves soar over USD 5 bn to reach USD 412 bn

In the previous week, the reserves had increased by USD 1.029 billion to USD 406.667 billion.

5 April 2019 8:34 PM IST

Economic Affairs Secretary Shaktikanta Das

Business

New NPA framework soon

Banks had to treat a company as a defaulter even if it missed the repayment schedule by a day.

5 April 2019 1:13 AM IST

Business

RBI cuts interest rate by 25 basis points; loan EMIs likely to fall

Home, auto, and personal loan EMIs are likely to go down although banks are yet to fully pass on the previous cut.

4 April 2019 5:16 PM IST