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Subhash Chandra Garg

Govt expects Rs 28,000 cr interim dividend from RBI: DEA Secy Garg

The decision with regard to interim dividend will be taken in the next board meeting.

1 Feb 2019 4:16 PM IST

The Board of Vijaya Bank has given its approval to a government proposal of consolidation with Bank of Baroda and Dena Bank as per reports from ANI.

Branches of Vijaya, Dena Bank to function as BoB outlets from April 1:...

Earlier this week, government decided to infuse Rs 5,042 crore in BoB to enhance its capital base ahead of merger.

31 March 2019 12:29 PM IST

The benchmark Sensex pared some gains and were trading higher by 0.69 per cent or 233.02 points at 34,080.25 at 0955 hrs. (Photo: File)

RBI rate decision, macro data announcement to drive equities this week

Foreign fund movement, trend in rupee and outcome of the US-China trade talks would also be monitored for further cues,...

31 March 2019 12:03 PM IST

The stock markets will be steered by RBI policy, macroeconomic data points and global trends this week, say experts.

RBI clears Rs 19,240 crore CCL for Punjab for Rabi marketing season

Central govt has fixed the MSP of wheat at Rs 1,840 per quintal, hiking it by Rs 105 from last year's Rs 1,735 per...

30 March 2019 12:36 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 sets NBFC-MFIs' average base rate at 9.21 pc for April-June

The regulator in February 2014 had issued directions to NBFC-MFIs regarding pricing of credit.

30 March 2019 10:15 AM IST

The increase in FDI is crucial in 2018-19 as increase in import bill is expected to widen the current account deficit (CAD).

Current account deficit widens to 2.5 pc of GDP in Q3

The deficit, had moderated to USD 19.1 billion or 2.9 per cent of GDP in the preceding quarter (July-September).

29 March 2019 7:10 PM IST

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

India Inc's foreign borrowings fall 9 per cent to USD 2.81 bn in Feb

The entire fund mop-up during the month was done through the automatic route of ECB, showed the RBI data.

29 March 2019 2:37 PM IST

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

RBI likely to cut repo rate by 25 bps in April policy: Report

Goldman Sachs had earlier expected no change in the policy rate in the April meeting.

28 March 2019 6:30 PM IST

The Monetary Policy Committee (MPC), headed by RBI Governor Urjit Patel, started its 2-day meeting on Wednesday.

RBI allows non-residents to participate in rupee interest rate...

Indian market has witnessed increasing participation from non-resident players like FPIs in debt.

28 March 2019 9:57 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 likely to cut repo rate by 25 bps: Goldman Sachs

The brokerage expects another rate cut by the RBI by 25 bps in the third quarter of 2019.

28 March 2019 8:31 AM IST

State-owned Punjab National Bank (PNB) has hired lawyers to represent itself in the bankruptcy proceedings of the US-based Firestar Diamond.

Top 11 PNB officials summoned for violation of banking regulation

The RBI has further alleged that the accused willfully and deliberately made false statements in the compliance report.

27 March 2019 10:01 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 buys USD 5 billion through forex swap auction

The RBI said it received USD 16.31 billion in bids for the auction for which the cut-off was set at 776 paise.

27 March 2019 9:05 AM IST