Business, Economy, 6th Jun 2018, News & Stories from India

Friday, Apr 19, 2024 | Last Update : 08:33 AM IST

Business Economy 06 Jun 2018

Business, Economy, 06 Jun 2018

The Reserve Bank is likely to go for more rate hikes like the one today on risks from factors like the minimum support prices for farm produce and firm global commodity prices, HDFC Bank said on Wednesday.

RBI may go for more rate hikes, says HDFC Bank

The boost in liquidity through changes in liquidity coverage ratio will be offsetting the repo rate hike.

06 Jun 2018 5:45 PM

RBI on Wednesday hiked the key rate for the first time in over four years -- by 0.25 per cent -- to curb inflationary pressure from high oil prices, a move which will translate into higher EMIs for home, auto and other loans.

Home loan and auto loan to go up as RBI hikes policy rate

The reverse repo rate, at which it borrows from banks, was also raised by similar proportion to 6 per cent.

06 Jun 2018 5:03 PM

The Reserve Bank on Wednesday retained growth projections for the current fiscal at 7.4 per cent on hopes of further boost to investments and higher consumption. (Photo: PTI)

RBI retains 7.4 per cent GDP growth forecast for FY 2018-19

The Indian economy had grown at 6.7 per cent last fiscal.

06 Jun 2018 3:53 PM

Retail inflation, based on Consumer Price Index (CPI), rose sharply to 4.6 per cent in April.

RBI marginally revises upwards inflation forecast

RBI had estimated inflation in the range of 4.7-5.1 per cent in H1; and 4.4 per cent in H2.

06 Jun 2018 3:43 PM

The Reserve Bank of India (RBI) on Wednesday raised its policy rate for the first time in more than four years, due to inflation concerns, but kept its policy stance as “neutral”.

Expert views on RBI policy rate hike

The reverse repo rate was also raised by 25 basis points to 6.00 per cent.

06 Jun 2018 3:25 PM

India's growth projections remain unchanged since its January 2018 forecast.

World Bank forecasts 7.3 per cent growth for India

India's growth potential is about 7 per cent, and it is currently growing at a pace above its potential.

06 Jun 2018 3:06 PM

IDFC Bank on Wednesday said it has received RBI's approval for merger of Capital First, Capital First Home Finance and Capital First Securities with the company.

IDFC Bank and Capital First get RBI nod for merger

Earlier in January, the company said its board of directors has approved amalgamation of the three entities with IDFC Bank Ltd.

06 Jun 2018 11:52 AM

Prime Minister Narendra Modi. (Photo: Twitter/@BJP4India)

Govt has eased norms, provided funds to promote startups: PM Modi

Adequate capital, courage and connecting with people are required for excelling in the startup sector.

06 Jun 2018 11:11 AM

Finance secretary Hasmukh Adhia. (Photo: File)

Finance Ministry raps central tax officers for poor GST show

After registering highest GST collections of Rs 1,03,458 cr in April, revenue has fallen to Rs 94,016 cr in May.

06 Jun 2018 9:30 AM

This is the first time the six-member committee is meeting for three days instead of the usual two.

RBI to announce 2nd bi-monthly Monetary Policy of 2018-19 today

The last rate hike was announced by RBI in January 2014 when the repo rate was increased to 8 per cent.

06 Jun 2018 8:56 AM

The rating agency expects gross NPAs in the banking system to peak at around 11.5 per cent of advances this fiscal and then start reducing. (Representational image)

NPAs hit Rs 13lakh-crore in 3years

One fifth of slippages in FY18 was due to RBI withdrawing restructuring schemes: Crisil

06 Jun 2018 2:55 AM

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Mohan Guruswamy