Reserve Bank of India (RBI)

27% spurt in unclaimed money in banks points to low depositor awareness

Unclaimed funds in bank accounts rose to Rs 14,578 crore in 2018 and the life insurance sector is left with Rs 16,887 crore in unclaimed payments.

Jul 2, 2019

Gross NPAs to come down to 8% by end of FY20: CRISIL report

The report said that NPAs in public sector banks, which account for more than 80% of NPAs are expected to register a fall over 400 bps to around 10.6 percent by March 2020 from a peak level of 14.6 percent in March 2018.

Jun 26, 2019

nse nifty, nifty at new high, nifty at historic high, nifty at lifetime high, nifty to cross 10000, nifty to hit 10000, sensex gainers, 3 years of modi govt

Market mind's on the monsoon with one eye on budget as uncertainty reigns

Benchmark indices expected to consolidate during the wait for fresh cues; Union Budget and GST Council meetings to be watched domestically; Fed meeting, US response to India's tariff tweak, US-China trade wars and the Middle East among key global cues.

Jun 16, 2019

SFIO seeks investigation into RBI officials' alleged role in IL&FS collapse

Financial fraud watchdog asks RBI to investigate why warning bells about imminent IL&FS crash would go up to only a certain level in the hierarchy.

Jun 12, 2019

Does Sitharaman's 'surgical strike' show PM Modi's displeasure over Jaitley's term?

Poll-bound PM Modi's worst headaches were the departments under the finance ministry that churned out contradictory data on the state of the economy exposing the government to relentless opposition fire.

Jun 11, 2019

note, cash, note ban, investment, mf, mutual fund, mutual funds, uti equity fund, demonetisation, rbi, atm, tax collection

Govt plans to introduce 3-5% tax on cash withdrawal of Rs 10 lakh a year

In order to push digital transaction, the Reserve Bank of India has removed the transaction fee imposed on banks for using its NEFT/RTGS payment servers earlier this week.

Jun 11, 2019

Risk aversion of mutual funds key reason for NBFC liquidity crunch, defaults

Ballooning IL&FS and DHFL crises drove mutual funds to reduce exposure to NBFCs in a big way since September sapping liquidity from shadow banks.

Jun 10, 2019

A week for stock specific action while market searches for new direction

Indices are back on even keel after exit poll results triggered a choppy ride to hit record highs twice; market may remain rangebound as no new data expected.

Jun 9, 2019

Relief for lenders as RBI relaxes stressed asset guidelines

A circular issued in February last year required banks to initiate a resolution process as soon as a default took place.

Jun 8, 2019

Mark Zukerberg announces Facebook Dating

Facebook may unveil its cryptocurrency on June 18; Bitcoin fans unfazed

Facebook plans to make the cryptocurrency transferrable with zero fees via Facebook products including Messenger and WhatsApp.

Jun 8, 2019

DHFL default is threatening to draw in mutual fund industry as 160 MFs have exposure to DHFL papers

DHFL default threatens to snowball into big crisis engulfing NBFCs, mutual funds

Public confidence in mutual funds take a beating and inflows taper with imminent payouts facing uncertainty; NBFCs face soaring finance costs triggering liquidity crunch.

Jun 7, 2019

A road sign is seen next to Bombay Stock Exchange (BSE) building in Mumbai

Market cracks as RBI fails to go beyond the expected 25 bps repo rate cut

Third successive rate reduction takes repo rate to lowest in nine years at 5.75%; change in monetary policy stance to 'accommodative' removes imminent rate rise fears but the street wants more.

Jun 6, 2019

Another wave of NBFC meltdown worries grips markets after DHFL rating downgrade

NAVs plummet up to 57% for mutual funds with substantial exposure to DHFL paper that rating agencies downgraded to 'default'; exposure of some funds may have exceeded the Sebi-mandated 10%.

Jun 6, 2019

RBI cuts repo rate by 25 basis points to 5.75%, bank loans to be cheaper

The Reserve Bank of India's Monetary Policy Committee today announced its decision to slash the repo rate to 5.75 per cent from 6 per cent.

Jun 6, 2019

SFIO questions RBI's role in IL&FS crisis, recommends internal probe for 'appropriate action'

Regarded as the 'Lehmann moment of India', the IL&FS started defaulting on re-payment of loans last year and is reeling under a whopping Rs 90,000 crore debt.

Jun 3, 2019

After a week of euphoric hearts, expect cautious heads to return to the market

Indices are expected to trade sideways as the euphoria of Modi 2.0 ebbs and worries of global tensions and domestic slowdown begin to take hold; time ripe for stock specific play.

Jun 2, 2019

IL&FS-led crisis drives RBI to push for stress testing NBFCs liquidity quality

New norms seek to ensure that NBFCs will have contingency funding plans for responding to financial disruption

May 26, 2019

Will Etihad's conditions for Jet recapitalisation ground the revival plan?

Etihad Airways has submitted a binding bid on condition that it will remain a minority shareholder and banks will find other funding sources.

May 11, 2019

Slowing economy, consumption to blame as centre misses revenue target by 11%

GST, income tax and excise duties collection growth declines amid a slump in fixed investments and exports

May 3, 2019

Bandhan bank to take offer-for-sale route to cut promoter's shareholding to 40%

The bank reported a 67.8% increase in its March quarter net profit as a result of higher net interest and non-interest income.

May 3, 2019

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Reserve Bank of India (RBI)

27% spurt in unclaimed money in banks points to low depositor awareness

Gross NPAs to come down to 8% by end of FY20: CRISIL report

Market mind's on the monsoon with one eye on budget as uncertainty reigns

SFIO seeks investigation into RBI officials' alleged role in IL&FS collapse

Does Sitharaman's 'surgical strike' show PM Modi's displeasure over Jaitley's term?

Govt plans to introduce 3-5% tax on cash withdrawal of Rs 10 lakh a year

Risk aversion of mutual funds key reason for NBFC liquidity crunch, defaults

A week for stock specific action while market searches for new direction

Relief for lenders as RBI relaxes stressed asset guidelines

Facebook may unveil its cryptocurrency on June 18; Bitcoin fans unfazed

DHFL default threatens to snowball into big crisis engulfing NBFCs, mutual funds

Market cracks as RBI fails to go beyond the expected 25 bps repo rate cut

Another wave of NBFC meltdown worries grips markets after DHFL rating downgrade

RBI cuts repo rate by 25 basis points to 5.75%, bank loans to be cheaper

SFIO questions RBI's role in IL&FS crisis, recommends internal probe for 'appropriate action'

After a week of euphoric hearts, expect cautious heads to return to the market

IL&FS-led crisis drives RBI to push for stress testing NBFCs liquidity quality

Will Etihad's conditions for Jet recapitalisation ground the revival plan?

Slowing economy, consumption to blame as centre misses revenue target by 11%

Bandhan bank to take offer-for-sale route to cut promoter's shareholding to 40%

Time for India to follow suit? France, Germany, Netherlands, US banned use of EVMs [here's why]

Dhanush's Captain Miller has no buyers in Telugu states? Here's why

Deepika Padukone is a sight to behold in velvet gown; attends Academy Museum Gala with Selena Gomez, Dua Lip [see pics]

Is exhibiting cleavage mandatory? Malaika Arora opts for low neck sleeveless outfit at event in Vrindavan, leaves netizens furious