Reserve Bank of India (RBI)

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 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

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

Did Chanda Kochhar mislead RBI on 'ever-greening' of loan to Essar Group?

ICICI Bank under Kochhar denied in September 2014 about having granted an Essar Group company based in Mauritius $365-million loan in June 2014, records show

May 2, 2019

Centre mulls merger of PNB, Union Bank and Bank of India

"We wouldn't like to wait for too long," says a a finance ministry official, commenting on the plan to merge Punjab National Bank, Union Bank and Bank of India.

May 1, 2019

$100 crude: Will new govt slip on boiling oil after Lok Sabha elections?

Trump's squeeze on Iran oil raises the spectre of a rapid rise in oil prices and the Indian economy suffering as the new government's elbowroom to stimulate growth dwindles.

Apr 30, 2019

RBI to release new 'greenish yellow' coloured Rs 20 note | All you need to know

While the new note will be released soon, the old notes will still be legal, the RBI clarified in a statement.

Apr 27, 2019

ED probing kickback angle to Chanda Kochhar role in orders granting major loans

The former CEO of ICICI Bank and her husband are now under the scanner over loans to Sandesara brothers-led Sterling Biotech and troubled Bhushan Steels.

Apr 24, 2019

Has Jet Airways bidders' interest nosedived amid loss of flight slots, procedural confusion?

Redistribution of grounded airline's flight slots to rivals, regulatory confusion as top court stays key RBI circular on stressed assets, and threat of bankruptcy proceedings cloud the fate of stake sale.

Apr 23, 2019

Week of F&O expiry, Lok Sabha elections expected to keep the markets choppy

Positive sentiment expected to carry forward from last week with earnings season underway and near-normal monsoon prediction.

Apr 21, 2019

Buzz in banking stocks amid reports of another rate cut; ICICI Bank, SBI rally

Nifty Bank gains momentum early on while all major bank stocks witness price action led; Nifty IT under scanner as results season continues to unwind with Wipro results scheduled on Tuesday

Apr 16, 2019

Is HDFC Bank the secret of top funds' show in beating benchmark index in growth?

Four of five funds that beat Nifty's 11.7% growth from December had HDFC Bank as one of the top three stocks on their portfolios, survey shows.

Apr 13, 2019