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$Midsize private sector lender Yes Bank is aiming to evolve itself into a \technology company in the business of banking\ and has accordingly announced a rejig of its senior management.$ Business

YES Bank slumps 5 per cent after RBI puts Gandhi on board

Yes Bank finally closed 8.01 per cent down on BSE at Rs 143.65 and at Rs 142.95 on NSE.

16 May 2019 7:05 AM IST

The share price of SBI slumped 3.79 per cent to close at Rs 304.45 as the quarterly numbers were below what the market participants had anticipated.

Business

RBI needs to go for larger rate cut in June: SBI report

RBI had cut the key short-term lending rate (repo) by 25 basis points each in its last two policy reviews.

14 May 2019 8:26 PM IST

Former Reserve Bank of India governor Bimal Jalan

Business

Bimal Jalan panel on RBI's capital size likely to submit report by...

The committee was to submit its report in 90 days from the first day of its meeting, which held on January 8.

13 May 2019 5:18 PM IST

The Supreme Court also referred to the National Crime Records Bureau Data stating every six hour a woman is raped in the country. (Photo: File | ANI)

Business

Loan defaulters have no right to have lawyer in 'in-house' proceedings...

Supreme Court has ruled that the right to be represented by a lawyer does not extend to in-house proceedings.

12 May 2019 6:41 PM IST

The Reserve Bank is expected to go for a hike in key policy rates by the fourth quarter of this year.

Business

RBI likely to cut rates again in June; none thereafter on rising...

RBI had cut interest rate by 25 basis points each in February and April to boost economic growth

8 May 2019 2:38 PM IST

The decision came after a meeting of representatives of Indian Revenue Service (Customs and Central Excise), All India Association of Central Excise Gazetted Executive Officers, All India Central Excise Inspectors Association and All India

Business

April service sector growth at 7-month low, dented by Lok Sabha...

Purchasing Managers' Index slipped to 51.0 in April, the lowest since September, down from 52.0 the previous month.

6 May 2019 11:29 AM IST

If there was 6.9 per cent growth, that would top Chinas 6.8 per cent annual pace for October-December. (Photo: File/Representational)

Business

Politics to decide rupee's near-term fate: Poll

The election result, due on May 23, will decide who governs the world's biggest democracy for the next five years.

4 May 2019 11:49 AM IST

Rival digital payments services have pointed out exceptions that have been applied to WhatsApps service.

Business

Payment service will be launched only after complying with RBI norms:...

The trial run is likely to be completed by July end this year, WhatsApp said.

3 May 2019 5:47 PM IST

Business

Failure at a big Indian non-bank lender could cause large damage: RBI

The central bank issued the warning in its latest Financial Stability Report, released on Thursday night.

28 Jun 2019 3:43 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 sets average base rate of 9.18 pc for NBFC-MFI borrowers for July...

RBI sets the average base rate for NBFC-MFIs on the basis of average of base rate of the five largest commercial banks.

28 Jun 2019 3:20 PM IST

Business

Large HFC, NBFC failure to pose contagion risk

The country's financial system remains stableâ€ despite some recent dislocationâ€.

28 Jun 2019 2:41 AM IST

Business

RBI releases directions on rupee interest rate derivatives

These regulations were framed with a view to guide the initial evolution of the market through prescriptive...

27 Jun 2019 9:29 AM IST