reserve bank of india
PMC Bank case: ICAI to check role of auditors
ICAI on Wednesday said it has triggered its disciplinary mechanism and has written to the bank as well as regulatory agencies.
India central bank set to cut rates again as fiscal measures fail to cheer
With current inflation remaining benign, we expect RBI to opt for a 40 bps rate cut, said Yes Bank's Yuvika Oberoi.
RBI begins policy review meet; rate cut on cards to boost economy
The six-member MPC is scheduled to announce the fourth bi-monthly monetary policy for 2019-20 on Friday, October 4.
Before RBI clampdown, PMC Bank saw huge cash withdrawals from big depositors
RBI has put on PMC strict restrictions including limiting withdrawals at Rs 10,000 and banning it from lending for next six months.
India's external debt rises to USD 557.4 billion end-June 2019
Excluding the valuation effect, the increase in external debt would have been USD 12.4 billion instead of USD 14.1 billion.
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.
IAS Kshatrapati Shivaji front runner for RBI deputy governor post: Report
Since December 2016, Kshatrapati Shivaji is working with the Asian Development Bank as an executive director.
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.
PMC's HDIL loan at Rs 6,500 cr, or 73 pc of total loan book: Ex-MD Thomas to RBI
The admission came in after a board member leaked the actual balancesheet details to the RBI, said a source.
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 January.