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Defending the banks in this issue, a senior official, however, claimed that the quick mortality rate on Mudra loans has come down drastically after strict norms issued by the RBI and the ministry of finance.(Representational image)

EMIs likely to come down as RBI cuts interest rate by 35 bps

The fourth consecutive rate cut is expected to lower EMIs for home and auto buyers, and borrowing cost for corporates.

7 Aug 2019 12:49 PM IST

Reserve Bank of India (RBI)

Experts hope another 25 bps rate cut by RBI

Talking to reporters after the meeting, SBI chairman Rajnish Kumar had said he was hopeful of another rate cut by MPC.

6 Aug 2019 5:54 PM IST

Reserve Bank of India (RBI) on Thursday directed all payment system operators in India to store data within the country.

Consensus for 25 bps rate cut, 'accommodative' stance

Experts see the slowdown of global economic growth and lack of impetus in domestic inflation as reasons for a 25 bps...

6 Aug 2019 1:12 AM IST

Finance Minister Nirmala Sitharaman

Bankers agree to take steps to review interest rates: FinMin

Banks need to commensurately transmit rate cut benefit in lending, said an official release.

5 Aug 2019 8:27 PM IST

Reserve Bank of India (RBI)

RBI may go for 25 bps rate cut on Wednesday: Report

Consensus expects RBI to lower repo rate by 25 bps to 5.50 pc at its monetary policy meeting on August 7, DBS said.

5 Aug 2019 4:50 PM IST

Reserve Bank of India (RBI) on Thursday directed all payment system operators in India to store data within the country.

India seen set for fourth interest rate cut of 2019

Almost 80 per cent of 66 economists surveyed by Reuters expected the RBI to cut its benchmark repo rate by 25 bps.

2 Aug 2019 4:19 PM IST

Bombay high court

Bombay HC seeks RBI reply on changes in currency, coins

The petition claimed that frequent changes in currency and coins made it difficult for visually impaired persons to...

2 Aug 2019 3:25 AM IST

BCCI President Anurag Thakur

PMC Bank crisis 'eye opener', RBI looking into lapses: Thakur

PMC Bank came under stress due to alleged financial irregularities forcing the RBI to impose restriction on it.

30 Sept 2019 3:38 PM IST

Reserve Bank of India (RBI)

IAS Kshatrapati Shivaji front runner for RBI deputy governor post:...

Since December 2016, Kshatrapati Shivaji is working with the Asian Development Bank as an executive director.

30 Sept 2019 3:18 PM IST

Reserve Bank of India (RBI)

RBI to cut rates again on Friday

However, economists differ on the quantum of the rate cut ranging from 15 basis points to 50 basis points.

30 Sept 2019 1:38 AM IST

Asserting that all its loans are fully secured, suspended PMC Bank managing director Joy Thomas stated that one large account - HDIL - was the sole reason for the present crisis that led to the regulatory action on Tuesday. (Photo: PTI)

PMC's HDIL loan at Rs 6,500 cr, or 73 pc of total loan book: Ex-MD...

The admission came in after a board member leaked the actual balancesheet details to the RBI, said a source.

29 Sept 2019 6:02 PM IST

The Union government, or for that matter, the ministry of finance should not interfere in the functioning and decision-making powers of the RBI. (Photo: AFP)

RBI may go for another rate cut on Oct 4: Experts

RBI has already slashed the repo rate (short-term borrowing rate) four times aggregating to 1.10 percentage points since...

29 Sept 2019 4:33 PM IST