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As per estimates, only 5 per cent Indians use digital payment modes.

Fund for digital payment infra in cities & towns

Banks will also identify one district in each state or union territory to make it 100 per cent digitally enabled, on a...

5 Oct 2019 1:50 AM IST

Reserve Bank of India

Banks can quote forex rates round the clock

The whole initiative is aimed at reducing the exchange risk for persons resident in India.

5 Oct 2019 1:50 AM IST

The Budget has given priority to agriculture, MSME, NBFC, infrastructure and affordable housing. Reviving business confidence, private capex recovery, manufacturing, have got lower attention.

Microfinance lending limit raised to Rs 1.25L

In case of untoward incidents like natural calamities, this can lead to a spike in delinquencies.

5 Oct 2019 1:50 AM IST

Shaktikanta Das

Cut: Repo by 25 bps, GDP by 80 bps

The reverse repo and marginal standing facility rates are now at 4.90 per cent and 5.40 per cent, respectively.

5 Oct 2019 1:48 AM IST

Some bankers have suggested that RBI has stopped supplying new Rs 2,000 notes.

A Notional Nudge

The repo rate cut of 25 bps to 5.15 per cent announced on Friday is in line with expectations.

5 Oct 2019 1:48 AM IST

The Sensex closed at 39,784 with a gain of 168.62 points or 0.43 per cent while the Nifty-50 closed at 11,922.70 up 52.05 points or 0.44 per cent.

Cut in repo rate didn't inspire confidence

The Sensex ended 433.56 points or 1.14 per cent lower at 37673.31, while Nifty plunged 139.25 points or 1.23 per cent to...

5 Oct 2019 1:48 AM IST

After the selection of Member (Non-life), the Insurance Regulatory and Development Authority of India (IRDAI) is all set to appoint the Member (Life) soon.

CVC orders rotation of key insurance officials

Besides, the Commission has also warned officers against receiving from clients costly gifts and undue benefits in the...

5 Oct 2019 1:47 AM IST

Fund managers believe mutual funds, which are considered popular and convenient investment tools, have advocated asset allocation-based strategies to make the journey smoother for investors.

Top 10 MFs have 83 per cent of total AUM

The total AUM of top 10 fund houses out of total 44 asset management companies was Rs 21.48 lakh crore or 83.64 per cent...

5 Oct 2019 1:47 AM IST

The Sensex opened higher before trading at 26,646.65 at 1100 hours, a loss of 51.17, or 0.19 per cent.

Sensex plunges 434 points after RBI policy outcome; rate-sensitive...

After opening nearly 300 points higher, the 30-share index gave up all the gains to turn negative after the RBI...

4 Oct 2019 4:19 PM IST

Industry chambers CII and Assocham on Sunday asked the government that the PNB fraud should not hinder bank loans to businesses which were showing signs of revival after being hit by demonetisation and GST.

Loans to become cheaper after RBI cuts interest rate to a decade low

RBI will continue accommodative stance as long as it is necessary and growth revives, said RBI Gov Shaktikanta Das.

4 Oct 2019 4:11 PM IST

Gold was available for $2 premium over and above the landed rate 15 days back. After the steep rise, it is now available for a discount of $14 per ounce, said Suresh Hundia, former President of the Bombay Bullion Association.

Gold rallies Rs 210 on weak rupee, strong global trends

Silver, however, fell Rs 110 to Rs 46,490 per kilogram here from Thursday's closing price of Rs 46,600 per kilogram.

4 Oct 2019 4:00 PM IST

India Incs revenue growth will slow down to 9 per cent in the January to March period on base effects, while the profit margins will shrink to a 12-quarter low of 18.6 per cent, a report said on Monday.

India Inc welcomes RBI move; says rate cut will spur growth

The industry emphasised that it was now critical for banks to facilitate a faster transmission of rate cuts.

4 Oct 2019 3:51 PM IST