February 08, 2019 04:30 IST
Repo rate cut by 25 basis points; home, personal loans likely to come down.
Fri, Feb 08, 2019February 08, 2019 03:55 IST
While Shaktikanta Das wanted a 25 bps cut, Viral Acharya opted for status quo.
Fri, Feb 08, 2019February 07, 2019 16:38 IST
The Monetary Policy Committee headed by the RBI Governor Shaktikanta Das also decided to change the monetary policy stance from 'calibrated tightening' to 'neutral.
Thu, Feb 07, 2019February 04, 2019 01:00 IST
The Reserve Bank is likely to wait till the post-election budget in June or July, which should provide additional guidance on the medium term outlook and the possibility of a rate cut, said an analyst.
Mon, Feb 04, 2019February 02, 2019 02:35 IST
For salaried persons, the standard deduction is being raised from the current Rs 40,000 to Rs 50,000, which will give additional tax benefit of over Rs 3000 to over 3 crore salary earners and pensioners.
Sat, Feb 02, 2019February 02, 2019 02:25 IST
Rupee falls, bond yields rise after government announces higher borrowings.
Sat, Feb 02, 2019January 31, 2019 02:52 IST
The Group accepted it has an overall debt of around Rs 20,000 crore, but said it was close to selling projects worth that sum.
Thu, Jan 31, 2019January 31, 2019 01:54 IST
During 2017-18, the GNPA ratio reached 14.6 per cent for PSU banks due to restructured advances slipping into NPAs and better NPA recognition.
Thu, Jan 31, 2019January 28, 2019 01:30 IST
This is the first time that a longer list of four names have been prepared which normally used to have 2 or maximum 3 names on earlier instances
Mon, Jan 28, 2019January 27, 2019 05:04 IST
While ICICI Bank disbursed the loans to Videocon on September 7, 2009, Dhoot transferred Rs 64 crore to Deepak Kochhar, Chanda Kochhar’s husband on the next day (September 8), according to FIR filed by the CBI.
Sun, Jan 27, 2019January 26, 2019 00:42 IST
One of the contentious issues in the conflict between the government and the RBI under Urjit Patel was the size of the central bank’s reserves, which at Rs 9.6 lakh crore was then perceived as being excessive by the government.
Sat, Jan 26, 2019January 22, 2019 03:46 IST
Banking sources said the LIC may have to cut down its stake in other banks as the promoter of a bank cannot hold more than 5 per cent stake in other banks. LIC holds sizeable stake in many PSU banks, including SBI, and nominee directors in some of them.
Tue, Jan 22, 2019January 20, 2019 07:47 IST
The total assigned capital of foreign reinsurance branches increased to Rs 2,570.35 crore, as of March 2018, from Rs 1,117.81 crore, as of March 2017, the insurance regulator said in its Annual Report.
Sun, Jan 20, 2019January 17, 2019 04:50 IST
According to the annual report of the Insurance Regulatory and Development Authority of India (IRDAI), as much as Rs 11,905.89 crore was collected by 11 private sector insurers as premium, but they faced insurance claims of only Rs 8,831.78 crore.
Thu, Jan 17, 2019January 15, 2019 04:45 IST
As there are 21.6 crore small and marginal farmers — most of whom are not in a position to repay the loan or put collateral — such a scheme is the only way to support their fund requirements, apart from ensuring market prices for their produce.
Tue, Jan 15, 2019January 12, 2019 03:05 IST
Singapore which overtook Mauritius has turned out to be the preferred country for routing FDI with a 77.77 per cent jump in investments.
Sat, Jan 12, 2019January 09, 2019 00:59 IST
The loan stacking study shows that default rates in borrowers taking multiple loans from multiple lenders within a period of 60 days have increased from 2.5 per cent to 4.4 per cent from September 2015 to September 2018.
Wed, Jan 09, 2019January 04, 2019 02:25 IST
Main demands include relaxation in February 12, 2018 circular on defaults, PCA framework and more credit flow to non-banks and small units.
Fri, Jan 04, 2019December 31, 2018 04:30 IST
There were 5,917 instances of bank fraud in 2017-18 as against 5,076 cases the previous year, show the data released Friday.
Mon, Dec 31, 2018December 31, 2018 03:50 IST
BBB, headed by Bhanu Pratap Sharma, former Union Secretary, Department of Personnel and Training, has invited eight officials for interviews for the posts of Chairman and MD of the largest financial institution in the country on January 4.
Mon, Dec 31, 2018December 29, 2018 01:59 IST
During 2017-18, the acquisition cost of ARCs as a proportion to the book value of assets increased, indicating better realisations by banks on sale of stressed assets. Bank group-wise, private banks have been most aggressive on asset sales.
Sat, Dec 29, 2018December 29, 2018 01:58 IST
Gross non-performing assets (NPAs) of the banking system shot up to Rs 10,39,700 crore, or 11.2 per cent of total advances, during the fiscal ended March 2018 as against Rs 791,800 crore (9.3 per cent of advances) in the same period of last year, it said.
Sat, Dec 29, 2018December 27, 2018 01:15 IST
The major complaint about Urjit Patel was that he remained incommunicado and refused to meet and discuss issues with major stakeholders.
Thu, Dec 27, 2018December 27, 2018 01:06 IST
The Jalan panel would review the status, need and justification of various provisions, reserves and buffers presently provided for by the RBI.
Thu, Dec 27, 2018December 24, 2018 04:43 IST
Mutual funds are one of the large players among other financial services players in the Indian bond and credit market.
Mon, Dec 24, 2018