All the six members of the MPC had voted in favour of a rate cut.
19 Oct 2019 2:12 AM
ICICI Prudential Life Insurance reported APE growth of 5.2 per cent YoY to Rs 700 crore on a received premium basis in Sept.
16 Oct 2019 12:52 AM
The RBI and the government have announced several measures to boost liquidity for NBFCs.
08 Oct 2019 1:30 AM
NCDs are a debt instrument with a fixed tenure and people who invest in these receive regular interest at a certain rate.
07 Oct 2019 4:56 AM
The reverse repo and marginal standing facility rates are now at 4.90 per cent and 5.40 per cent, respectively.
05 Oct 2019 1:48 AM
The bank has sizable exposure to cash-strapped NBFCs, which has created a fear among investors.
03 Oct 2019 1:23 AM
Declining profitability and stretch in working capital cycles also were reasons for the downgrades.
02 Oct 2019 1:57 AM
However, economists differ on the quantum of the rate cut ranging from 15 basis points to 50 basis points.
30 Sep 2019 1:38 AM
Cash withdrawal limit raised to Rs 10,000.
27 Sep 2019 1:34 AM
Under-reporting of bad loans could be one reason behind RBI placing restrictions.
25 Sep 2019 1:35 AM
The bank will also voluntarily extend benchmark-based lending to medium enterprises to boost lending to the MSME sector as a whole.
24 Sep 2019 1:43 AM
Das added that the future rate cuts would depend on the incoming data.
21 Sep 2019 2:58 AM
The rupee settled 37 paise higher against the dollar at 70.94
21 Sep 2019 2:53 AM
The credit book of Dena Bank de-grew during this period.
31 Aug 2019 1:31 AM
The RBI said as of June 30 it “stands as a central bank with one of the highest levels of financial resilience globally”.
30 Aug 2019 1:47 AM
The RBI was founded in 1935 and has been operating according to the Reserve Bank of India Act of 1934.
28 Aug 2019 2:47 AM
The government is also expected to announce more measures this week to support economic growth.
28 Aug 2019 2:41 AM
The move is expected to generate an additional lending and liquidity in the financial system to the tune of Rs 5 lakh crore.
24 Aug 2019 1:42 AM
Provisions during the quarter increased 20.93 per cent to Rs 6,332.05 crore as against Rs 5,235.96 crore in the year-ago quarter.
15 Aug 2019 1:43 AM
It said that if banks direct more funds to the sector, mostly the strongest NBFCs are likely to be benefited.
15 Aug 2019 1:35 AM