Reserve Bank of India (RBI)

FM Sitharaman announces steps to boost liquidity, demand

FM Sitharaman's liquidity drive gives the economy a booster shot of demand rise

Credit fairs by public sector banks will bring early festival cheer to consumers as corporate tax bonanza will put on steroids PM Modi's FDI push after Howdy Modi.

Sep 20, 2019

State Bank of India q4 net profit loans advances npas rbi aqr

Banking nightmare next week? PSBs will be shut for 5 days effectively

Country's biggest lender, the State Bank of India said that the banking operations are likely to be affected if the unions go ahead with the strike.

Sep 19, 2019

For FM Nirmala Sitharaman, economic revival has already started

According to Sitharaman, "there is robust FDI inflows and record forex reserves. The fiscal deficit is improving and current account deficit is contained."

Sep 15, 2019

Paytm, GST sale, India, iPhone 7, Google Pixel,

Paytm eyes core banking toehold amid talks with Rana Kapoor for Yes Bank stake

Co-founder Kapoor is seeking to exit Yes Bank by selling his and family's stake for Rs 2,000 crore; in talks with Paytm founder Vijay Shekhar Sharma.

Sep 11, 2019

Good news for home, auto buyers: RBI makes external benchmark-based interest rate mandatory from Oct 1

The step is another attempt by the central bank to spur growth in the economy, which registered the slowest growth to a six-year low of 5 per cent in the April-June quarter.

Sep 5, 2019

IDBI bank gets fresh lifeline as cabinet approves ₹9257 crore infusion

Notably, the proposed money will be released as a part of the government's plan to recapitalise the national banks with a fund infusion of Rs 70,000 crore in the current financial year.

Sep 3, 2019

India bonds at three-week high, rupee gains after RBI payout to government

Finance Minister Nirmala Sitharaman proposed on Friday a series of measures to help the economy and financial markets although some economists said there was a need for an additional stimulus package.

Aug 27, 2019

RBI payout gives Centre space to spend more: Experts

The Central Board of the Reserve Bank of India (RBI) on Monday decided to transfer a sum of Rs 1,76,051 crore to the government.

Aug 27, 2019

Is India in the midst of an economic slowdown? Can it get worse?

Rapidly falling auto sales through successive months provide the most telling indication of the economy's slide as most sectors shed growth momentum; government mulls stimulus package for growth

Aug 14, 2019

RBI slashes repo rate by 35 basis points to 5.40%, cuts GDP growth forecast to 6.9%

The central bank reduced the repo rate by 35 basis points to 5.40 per cent from 5.75 per cent in its third bi-monthly Monetary Policy Statement for 2019-20.

Aug 7, 2019

RBI monetary policy: Investors awaiting outlook beyond another repo rate cut

With a fourth 25 basis points repo rate cut a foregone conclusion, observers are watching for RBI guidance about its outlook on the state of the economy.

Aug 6, 2019

Taxation amid slowing economy is killing market's 'animal spirit': D Subbarao

Of late the financial markets have borne the brunt of multiple taxes amid an acute slowdown, which has almost killed the investors' risk-taking appetite.

Aug 4, 2019

Account Aggregator to make funding seamless in India

The account aggregator will obtain data from multiple service providers and deliver it via consent-based channels to financial information users.

Jul 29, 2019

Should we worry if WhatsApp shared payments data with Facebook?

Government is trying to ensure that Mark Zuckerberg's social media platform Facebook does not access data from group entity and chat platform WhatsApp that is set to launch a payments service anytime now.

Jul 27, 2019

Quest for more RBI dividends: Has Modi govt shot itself by firing Subhash Chandra Garg?

Garg, who has sought early retirement after the finance ministry snub, was the fiercest advocate for reducing RBI's cash reserves and transferring more cash dividends to the government.

Jul 26, 2019

Allahabad Bank report on Rs 688 crore fraud triggers fear of more irregularities

Allahabad Bank tells bourses that NCLT proceedings are in progress to recover the dues from a Ludhiana-based textile company; the bank had earlier reported a fraud of over Rs 1,775 crore by Bhushan Steel Ltd.

Jul 18, 2019

Bimal Jalan report: Govt may put more pressure on RBI for cash to meet budget target

Jalan panel's proposal for 'nominal' transfer of RBI funds to the government from the reserves over 3-5 years falls short of expectations.

Jul 18, 2019

Here is why RSS economic wing is opposing PM Modi's plan for foreign currency bonds

RSS economic wing Swadeshi Jagran Manch views Prime Minister Narendra Modi's plan to issue foreign currency bonds as 'anti-patriotic' as it will allow rich foreign nations to control India's policies.

Jul 17, 2019

IL&FS (Infrastructure Leasing and Financial Services Ltd.)

Big relief for pensioners as PF to get priority in repayment from IL&FS, rules NCLAT

The Uday Kotak-led new board has allowed companies classified under the green category to service their loan to all secured and unsecured creditors.

Jul 14, 2019

NBFC crisis: RBI may get more teeth to regulate HFCs, review assets

Interestingly, housing finance companies in India are regulated by the National Housing Board and the RBI does not have direct authority over them.

Jul 4, 2019

Prev 8 9 10 11 12 13 14 15 16 17 Next