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Reserve Bank of India (RBI) on Thursday directed all payment system operators in India to store data within the country.

RBI may cut rate by 25 bps to spur economic activity

The MPC will meet from April 2 to 4 for the first bi-monthly policy statement for 2019-20, the central bank said in a...

2 April 2019 6:23 AM IST

Instead, gold was replaced by the dollar standard, with the proviso that dollars could be exchanged for gold.

Another $5 billion dollar-rupee swap auction on April 23

This would be the second such auction within a month.

2 April 2019 6:21 AM IST

After touching an all-time low of 72.11 a dollar, the rupee finally closed the day at 71.99 a dollar, down 0.32 per cent from its Wednesdays close of 71.76.

Rupee deters India Inc from foreign borrowing

Domestic firms had raised as much as $3.1 billion through the external commercial borrowing (ECB) route in February...

30 March 2019 1:18 AM IST

Reserve Bank of India (RBI) on Thursday directed all payment system operators in India to store data within the country.

RBI's $5 bn forex swap auction proves a hit

Earlier this month, the RBI had announced that it would buy dollars from banks for three years and offer them rupees in...

27 March 2019 1:41 AM IST

Premium rates have gone up for companies manufacturing rubber goods, plastics, textiles, chemicals, besides transporters godowns, steel plants and thermal power plants.

Insurance cost goes up to 9-fold for companies

Eight segments suffer steep hike as GIC Re increases rates.

25 March 2019 1:23 AM IST

Global rating agency Fitch on Monday slashed its GDP forecast for India for FY18 saying growth has repeatedly disappointed in recent quarters.

Fitch cuts GDP growth to 6.8 per cent for next fiscal

It has also cut the GDP growth forecast for current fiscal to 6.9 per cent from 7.2 per cent projected in December.

23 March 2019 1:59 AM IST

State Bank of India

SBI raises Rs 1,251 crore via debt

The bonds carry a coupon of 9.45 per cent payable annually with call option after five years.

23 March 2019 1:59 AM IST

The Reserve Bank last month put IDBI Bank under watch by initiating Prompt Corrective Action against it.

RBI categorises IDBI as private sector bank

LIC acquisition of majority stake prompts reclassification.

15 March 2019 1:25 AM IST

The agenda going forward is clear: The banks have to regain the confidence of investors so that they can raise funds from the capital markets and not be dependent on government. (Representational image)

Competition for deposits to rise

The PCA framework had restricted public sector banks to lend and thereby led to a lower focus from them on deposit...

12 March 2019 1:59 AM IST

NCLAT has directed the resolution professional, committee of creditors and NCLT not to pass any order in the matter related to insolvency resolution of Essar Steel.

Essar: NCLT clears ArcelorMittal's bid

Clearing ArcelorMittal's bid, NCLT said that it cannot impose judicial view over banks' wisdom.

9 March 2019 1:06 AM IST

Rupee strengthened by 28 paise to close at 70 against the dollar on Thursday.

Rupee closes at highest level in two months

The dollar index, which gauges the greenback's strength against a basket of six currencies, slipped 0.02 per cent to...

8 March 2019 12:35 AM IST

Defending the banks in this issue, a senior official, however, claimed that the quick mortality rate on Mudra loans has come down drastically after strict norms issued by the RBI and the ministry of finance.(Representational image)

Bank recap may not mean faster loan growth

The agency noted that the authorities' approach to the banking sector has clearly shifted towards spurring lending in...

28 Feb 2019 12:32 AM IST