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Wednesday, Apr 24, 2024 | Last Update : 10:28 PM IST

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The benchmark 10-year bond yield was at 6.44 pc, down 4 bps on the day after having earlier dropped to a low of 6.35 pc.

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

The surplus transfer has assured investors and markets that there is unlikely to be any fiscal slippage.

27 Aug 2019 2:05 PM

After the Central Board of the Reserve Bank of India (RBI) approved the transfer of Rs 1,76,051 crore to Centre, Congress leader Jairam Ramesh on Tuesday said that the central government now 'usurps a huge windfall' from RBI. (Photo: File)

'Fiscal breathing space but at what and whose cost?' asks Jairam Ramesh to Centre

His tweet comes a day after RBI took the decision in line with the recommendations of the Bimal Jalan Committee.

27 Aug 2019 1:20 PM

Gandhi's reaction came after the RBI allowed the government to take Rs 1.76 lakh crore from its reserves to provide a fresh impetus to the economy. (Photo: File)

PM, FM clueless about solving 'self created economic disaster': Rahul

Rahul Gandhi said that the move was akin to stealing a band-aid from the dispensary and sticking it on a gunshot wound.

27 Aug 2019 11:34 AM

Central bank will likely ease its benchmark rate by 25 basis points again to 5.15 per cent at its October meeting. (Photo: AP)

Indian economy set for weakest quarter of growth in five years: report

The RBI lowered its outlook for the fiscal year 2019-2020 at its August meeting.

27 Aug 2019 11:07 AM

RuPay card scheme was launched in 2012 to fulfil the Reserve Bank of India's vision to have a domestic, open and multilateral system of payments.

PM Modi launches RuPay card in UAE

The India-UAE bilateral trade touched almost USD 60 billion in 2018.

24 Aug 2019 2:52 PM

RBI Governor Shaktikanta Das recently asked all banks to link their interest rate with repo for faster transmission of the central bank's policy actions.

RBI minutes to cap yields; revives expectations for further policy easing

RBI has lowered the repo rate by 1.1 percentage points in 2019, the banks are yet to pass on the entire benefit to borrowers.

22 Aug 2019 11:55 AM

RTGS System is available for customer transactions from 0800 hours to 1800 hours and for inter-bank transactions from 0800 hours to 1945 hours. (Photo: Pexels)

RTGS system for customer transactions to open at 7 am from Aug 26: RBI

The NEFT system is used for fund transfers of up to Rs 2 lakh, and RTGS for those above this threshold.

22 Aug 2019 8:47 AM

Rajkiran Rai, the managing director and chief executive for the state-run UBI, which is the lead-lender to the crippled housing financier, Tuesday clarified that if the banks take equity stake in the company, it will be for a short -term, which is till they get a suitor.

DHFL resolution: Banks may convert debt into equity, says Union Bank

DHFL owes over Rs 45,000 to banks, and the rest to other financiers including mutual funds, pension funds and insurers.

21 Aug 2019 12:31 PM

The best option we believe could be that regulator enforces all incremental bulk deposits henceforth to be repo linked/flexible, SBI report said. (Photo: PTI)

Link bulk deposits to repo for effective transmission of interest rates: SBI report

A dozen public sector banks, including State Bank of India, have voluntarily linked their interest rates to repo.

21 Aug 2019 11:31 AM

Rajan advocated for a new set of reforms to get the private sector to invest. (Photo: File)

Economic slowdown 'very worrisome', new set of reforms needed: Raghuram Rajan

India's economic growth has slowed to 6.8 per cent in 2018-19 - the slowest pace since 2014-15.

19 Aug 2019 6:41 PM

Addressing the press on the sidelines of the national banking conference being organised by the industry lobby Ficci, RBI governor Shaktikanta Das ruled out ordering an asset quality review of the large NBFCs, says the RBI is not thinking about conducting one for now as it had done for the banks in late 2016 and early 2017.

RBI rules out asset quality review of NBFCs for now

IL&FS group's failure has made banks highly risk averse to the NBFC sector, leading to a severe liquidity crunch.

19 Aug 2019 1:14 PM

The process of shifting to an external benchmark on rates needs to be faster and our expectation is that they should move faster, said Reserve Bank governor Shaktikanta Das. (Photo: File)

Time has come for banks to link loans, deposits to repo rate: RBI Gov Das

SBI was to first one to link loans and deposits to the repo rate from May and home loans from July, six other banks followed.

19 Aug 2019 12:40 PM

IL&FS declined to comment on the findings within the report.

IL&FS may not have disclosed bad loans for years: RBI report

The Indian government took control of IL&FS late last year after it defaulted on some of its debt.

15 Aug 2019 9:39 AM

The report would be submitted to the RBI in the next few days, they added.

Jalan panel finalises report; suggests transfer of RBI's surplus in tranches

As per various estimates, the RBI has over Rs 9 lakh crore of surplus capital with it.

14 Aug 2019 5:20 PM

The constant nudging of banks to lend more to NBFCs is in contrast to the global trend of authorities trying to break the linkages between banks and NBFCs, the Fitch report noted. (Representional Image)

More forced lending to NBFCs can land banks in trouble: Fitch

Earlier this month, RBI announced three major steps to encourage banks to lend more to liquidity starved NBFCs.

14 Aug 2019 4:02 PM

Currently, the bank has a consumer base of about 6 million using its SBI Card services for payment of products and services.

SBI proposes to dilute stake in credit card business

The country's largest lender currently holds 74 per cent stake in SBI Cards & Payment Services Private Limited.

14 Aug 2019 3:58 PM

ICICI Bank offers fixed deposits from maturities ranging from 30-45 days, 46-60 days and 1 year-389 days.

ICICI Bank reviews fixed deposit rates; here are the latest FD rates

Senior citizens continue to get higher interest rates than the general public.

14 Aug 2019 3:27 PM

Reserve Bank of India has cut the key policy rate by 110 basis points, which has pushed bond yields down significantly.

India's bond rally fizzles on government spending fears

Indian banks have been reluctant to fully pass on the benefit of the policy rate cuts to their borrowers.

14 Aug 2019 12:19 PM

India is amidst an economic and financial slowdown with minimal support from fiscal policy.

RBI not done with easing, to cut in October and early next year: Report

If the RBI does cut rates in Oct and early next year it will be the most aggressive amongst major central banks in easing policy.

09 Aug 2019 2:08 PM

Reserve Bank of India’s (RBI) industrial survey may hold the answer. 1,231 companies took part in the survey.

Reserve Bank of India survey shows Indian companies are stressed over finance

Companies are very despondent about the cost of capital. They are also less cheerful than earlier on availability of funding.

08 Aug 2019 4:04 PM

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Sanjeev Ahluwalia