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Extreme risk aversion can be self-defeating: RBI Governor warns banks

Rather than becoming averse to lending, banks have to improve their risk management and governance frameworks, Das said

27 Aug 2020 12:25 PM

Gujarat tops Export Preparedness Index 2020, Maharashtra comes second

Six coastal states -- Gujarat, Maharashtra, Tamil Nadu, Odisha, Karnataka and Kerala -- feature in the top ten rankings

26 Aug 2020 2:10 PM

Former RBI governor D Subbarao backs setting up of a bad bank to tackle rise in NPAs

Even the Economic Survey 2017 had proposed this idea, suggesting the creation of a bad bank called Public Sector Asset Rehabilitation Agency

26 Aug 2020 12:36 PM

Don't jump, Rs 2000 currency notes slowly being phased out

As per RBI's latest annual report, the big note was not printed at all during 2019-20

26 Aug 2020 9:24 AM

Rate cuts don't interest MPC any more. Let's worry about inflation now

Report by SBI research says we're at the end of the rate-cut cycle which began in Feb. 2019

22 Aug 2020 12:12 AM

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Here's how India's engineering exports are in a steel trap

We export our iron ore, curb Chinese steel import. So costs are up and exports are uncompetitive

21 Aug 2020 12:25 AM

GDP to contract 16.5% in Q1 as COVID cases continue to surge: SBI report

The degrowth in corporate gross value added has been significantly better than revenue degrowth in Q1 FY21

18 Aug 2020 10:18 AM

UK economy slips into recession with record 20.4% contraction, job loss fears mount

Today’s figures confirm that hard times are here, finance minister Rishi Sunak said

12 Aug 2020 4:28 PM

COVID-19 lockdown effect: Industrial production declines by over 16 per cent in June

Govt: It may not be appropriate to compare the IIP in the post-pandemic months with the IIP for months preceding the COVID-19 pandemic

11 Aug 2020 7:16 PM

India must focus on protecting economy not on what rating agencies think: Rajan

He said the RBI needs to focus on whether credit is reaching the stressed areas of the economy

07 Aug 2020 9:09 AM

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RBI increases gold loan-to-value ratio to 90%, interest rates unchanged

Monetary Policy Committee after three days of deliberations voted unanimously to leave the policy repo rate unchanged at 4 per cent

06 Aug 2020 2:52 PM

Real estate sentiment hit an all-time low in Apr-Jun due to pandemic, survey states

The office market, on the other hand, has shown nearly 98-99 per cent rent collection and low relevant micromarket vacancies

03 Aug 2020 5:33 PM

US expected to report record-breaking economic fall

A huge plunge in consumer spending sent the economy sinking at a roughly 32 per cent annual rate in the April-June quarter

30 Jul 2020 4:07 PM

India's economic recovery at risk as COVID-19 surges, dull outlook deepens: Report

In the quarter just gone by, the Indian economy is forecast to have shrunk 20.0%, the first double-digit contraction

30 Jul 2020 1:28 PM

Don't extend loan moratorium, able corporates not paying loans: HDFC's Parekh to RBI

If the moratorium is extended by another three months, then it is going to hurt us and smaller NBFCs particularly, said Parekh

27 Jul 2020 4:03 PM

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Need to conclude free trade agreements with US, others: RBI Governor

Stating that recent agriculture reforms have opened new opportunities, the RBI Governor said the farm sector is emerging as a bright spot

27 Jul 2020 1:18 PM

Not out of the woods yet: IMF chief warns second wave of virus could disrupt economies

Activity has started to gradually strengthen, but we are not out of the woods yet, Georgieva said in a message to G20 finance ministers

16 Jul 2020 10:46 AM

Air India to send staff on leave without pay for upto five years

Air India to send employees on LWP for six months or for a period of two years extendable upto five years

16 Jul 2020 10:02 AM

Raghuram Rajan warns against 'unprecedented' rise in NPA levels in next 6 months

He said one positive factor for Indian economy is that the agriculture sector is doing well

15 Jul 2020 7:31 AM

PM Modi says 'India among most open economies', calls for global investment

Speaking at India Global Week 2020, he said green shoots of economic revival are already visible in India coming out of COVID-19 lockdown

09 Jul 2020 4:04 PM

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