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Banning of letters of undertaking (LoUs) and letters of comfort (LoCs) by the RBI as trade finance instruments is likely to reduce financial flexibility of importers, a Fitch group company said on Wednesday.

UBS sees RBI getting into an aggressive easing mode in FY20

CPI inflation is likely to remain below 4 per cent until October and averages at 3.8 percent in FY20.

27 Feb 2019 5:25 PM IST

Indias GDP growth forecast for the current fiscal to 7 per cent from 7.4 per cent.

India's economy seen losing momentum ahead of election

Economic growth could suffer from a possible slowdown in state spending in the two months before the election.

27 Feb 2019 4:52 PM IST

Fund infusion into PSBs not sufficient to support lending growth:...

Fitch estimates that banks will need an additional USD 23 billion (around Rs 1.6 lakh crore) in 2019.

27 Feb 2019 1:03 PM IST

Shares of Allahabad Bank closed 1.96 per cent down at Rs 87.70 on BSE.

Corporation, Allahabad, Dhanlaxmi Bank jump up to 10 pc post RBI move

The RBI on Tuesday removed the three banks from its Prompt Corrective Action (PCA) framework.

27 Feb 2019 12:27 PM IST

Allahabad, Corp Bank, Dhanlaxmi out of PCA

BoI, BoM & OBC were taken out of framework.

27 Feb 2019 3:08 AM IST

The needless controversy between the government and the RBI is a direct consequence of economists without any practical experience in administering policies at a high level being inducted to executive positions.

RBI proposes variable pay for bank CEOs

As part of new proposals, RBI is also suggesting quantitative and qualitative criteria is for identification of Material...

26 Feb 2019 3:49 PM IST

The argument put forward by the leaders of the BJP and others was that India did not depend on exports for its economic growth, and that the huge domestic market and the consumption it entailed was good enough to keep the economy in shape and the global developments were marginal. (Representational image)

India's growth momentum likely slowed in late 2018: report

Forecasts for the GDP number, due for release on Feb 28 at 1200 GMT, ranged between 6.3 per cent and 7.9 per cent.

26 Feb 2019 10:34 AM IST

The needless controversy between the government and the RBI is a direct consequence of economists without any practical experience in administering policies at a high level being inducted to executive positions.

RBI proposes new compensation norms for top officials of private,...

In January 2012, the Reserve Bank had issued the compensation guidelines for implementation by pvt sectr, foreign banks...

26 Feb 2019 10:30 AM IST

The finance ministry said that the bill is far more depositor-friendly than in many other countries which provide for statutory bail-in without consent of creditors and depositors.

Finmin expects 3-4 more banks to come out of RBI's PCA framework this...

Bad loans of public sector banks declining by over Rs 23,860 crore in the first half of the current fiscal.

24 Feb 2019 3:16 PM IST

The key findings of surveys and recommendations have been submitted to the RBI Committee on Deepening of Digital Payments. (Photo: ANI)

Digital payment apps need to be more user-friendly: report

Around 44 pc of aware disadvantaged groups and 50 pc of aware advantaged groups are users of digital payments.

24 Feb 2019 12:39 PM IST

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

RBI stiffens rules, makes loans costlier for NBFCs to borrow

Now any loan to an NBFC which is due to pay to the banks Rs 200 crore or above, will now lure a risk weight of 150 per...

23 Feb 2019 7:10 PM IST

The needless controversy between the government and the RBI is a direct consequence of economists without any practical experience in administering policies at a high level being inducted to executive positions.

RBI bundles NBFCs into 1 type,offering operational flexibility

The central bank also decided that exposures to all NBFCs will be risk weighted as per credit ratings.

23 Feb 2019 5:58 PM IST