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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.

Business

First time in FY19, RBI becomes net buyer of dollars in Dec

The central bank bought USD 837 million and sold USD 230 million in the spot market during the reporting month.

17 Feb 2019 11:34 AM IST

Meanwhile, Congress MP Rajni Patil gave zero hour notice in Rajya Sabha over the issue of 33 per cent reservation for women in Parliament and Assembly. (Photo: ANI)

Business

Govt may consider approval of Rs 5,500-cr FAME-II scheme this month

The scheme in its second phase will offer a bouquet of incentives, such as exemption from paying road tax, registration...

17 Feb 2019 11:00 AM IST

$Midsize private sector lender Yes Bank is aiming to evolve itself into a \technology company in the business of banking\ and has accordingly announced a rejig of its senior management.$ Business

RBI threatens action against Yes Bank for disclosing nil divergence...

Yes Bank had said the RBI has not found any divergence in the asset classification, provisioning done by the lender...

16 Feb 2019 2:10 PM IST

On Tuesday, the Indian rupee closed the session on a flat note at 69.83 a dollar.

Business

NPA under Mudra Yojana stands at Rs 7,277 crore

Almost 73 per cent of the loans under PMMY have been extended to women borrowers.

13 Feb 2019 10:20 AM IST

Business

RBI rate cut to boost growth, make loan affordable: India inc

RBI cut benchmark interest rate by 0.25 per cent to 6.25 per cent on expectation of inflation staying within its target...

9 Feb 2019 10:56 AM IST

Fitch, however, expects GDP growth to pick up in the next two years on back of gradual implementation of the structural reform agenda and higher real disposable income. (Photo: File)

Business

Auto loans likely to face downside risks on weak CV demand

country's GDP to slow down to 7 percent in FY20, may limit demand for commercial vehicles: FITCH Ratings

8 Feb 2019 4:22 PM IST

Economic Affairs Secretary Shaktikanta Das

Business

India's banks unlikely to match RBI's rate cut any time soon

A move of that size would have a negligible impact in boosting credit, or in reducing refinancing costs.

8 Feb 2019 3:48 PM IST

Shaktikanta Das on Tuesday was appointed as the new governor of the Reserve Bank of India, a day after his predecessor Urjit Patel resigned. (Photo: File | PTI)

Business

RBI to cut rates again before elections, but no more: report

RBI unexpectedly reduced interest rates by 25 basis points - showed the central bank will make the same move next...

8 Feb 2019 11:47 AM IST

Opinion

Cheaper EMIs, if banks permit

Given the mismatch in the credit to deposit ratio, there are fears about the possibility of banks not passing on the...

8 Feb 2019 12:02 AM IST

Rating agency Icra on Tuesday revised the outlook on NBFCs retail credit growth upwards to about 17-19 per cent for FY18.

Business

RBI to issue guidelines for harmonisation of NBFCs by month end

The guidelines for harmonisation of NBFCs would be issued by the end of this month.

7 Feb 2019 3:52 PM IST

Union minister Piyush Goyal borrowed the phrase to hit back at the Congress chief for a tweet targeting him over corruption allegations. (Photo: File)

Business

RBI rate cut to boost growth, make loan affordable: Piyush Goyal

RBI has reduced repo rate by 0.25 per cent to 6.25 per cent.

7 Feb 2019 3:18 PM IST

Business

Single deposit of Rs 2 crore, more to qualify as 'bulk deposit', says...

Interest rate on bulk deposits are marginally higher than smaller-amount fixed deposits for similar maturity period.

7 Feb 2019 2:07 PM IST