The surplus transfer has assured investors and markets that there is unlikely to be any fiscal slippage.
27 Aug 2019 2:05 PM
His tweet comes a day after RBI took the decision in line with the recommendations of the Bimal Jalan Committee.
27 Aug 2019 1:20 PM
Rahul Gandhi said that the move was akin to stealing a band-aid from the dispensary and sticking it on a gunshot wound.
27 Aug 2019 11:34 AM
The RBI lowered its outlook for the fiscal year 2019-2020 at its August meeting.
27 Aug 2019 11:07 AM
The India-UAE bilateral trade touched almost USD 60 billion in 2018.
24 Aug 2019 2:52 PM
RBI has lowered the repo rate by 1.1 percentage points in 2019, the banks are yet to pass on the entire benefit to borrowers.
22 Aug 2019 11:55 AM
The NEFT system is used for fund transfers of up to Rs 2 lakh, and RTGS for those above this threshold.
22 Aug 2019 8:47 AM
DHFL owes over Rs 45,000 to banks, and the rest to other financiers including mutual funds, pension funds and insurers.
21 Aug 2019 12:31 PM
A dozen public sector banks, including State Bank of India, have voluntarily linked their interest rates to repo.
21 Aug 2019 11:31 AM
India's economic growth has slowed to 6.8 per cent in 2018-19 - the slowest pace since 2014-15.
19 Aug 2019 6:41 PM
IL&FS group's failure has made banks highly risk averse to the NBFC sector, leading to a severe liquidity crunch.
19 Aug 2019 1:14 PM
SBI was to first one to link loans and deposits to the repo rate from May and home loans from July, six other banks followed.
19 Aug 2019 12:40 PM
The Indian government took control of IL&FS late last year after it defaulted on some of its debt.
15 Aug 2019 9:39 AM
As per various estimates, the RBI has over Rs 9 lakh crore of surplus capital with it.
14 Aug 2019 5:20 PM
Earlier this month, RBI announced three major steps to encourage banks to lend more to liquidity starved NBFCs.
14 Aug 2019 4:02 PM
The country's largest lender currently holds 74 per cent stake in SBI Cards & Payment Services Private Limited.
14 Aug 2019 3:58 PM
Senior citizens continue to get higher interest rates than the general public.
14 Aug 2019 3:27 PM
Indian banks have been reluctant to fully pass on the benefit of the policy rate cuts to their borrowers.
14 Aug 2019 12:19 PM
If the RBI does cut rates in Oct and early next year it will be the most aggressive amongst major central banks in easing policy.
09 Aug 2019 2:08 PM
Companies are very despondent about the cost of capital. They are also less cheerful than earlier on availability of funding.
08 Aug 2019 4:04 PM