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The move is aimed at not only freeing up capital for banks for further lending but also slash borrowing costs for well-rated NBFCs. (Photo: ANI)

Retail NBFCs likely to see improved liquidity in second half of FY 20

The central bank is also working towards merging three categories of NBFCs.

8 April 2019 8:59 AM IST

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

RBI says not yet approved merger of Lakshmi Vilas and Indiabulls...

Shareholders of the Chennai-based bank will get 0.14 share in Indiabulls for every share held in the lender.

8 April 2019 8:49 AM IST

The Nifty scaled 108.35 points to end the day at 10,491.05 while the Sensex soared 322.65 points to end the day at 34,142.15.

Market in consolidation mode

Domestic data such as manufacturing and industrial numbers and inflation will also be seen.

8 April 2019 1:31 AM IST

Union Railway minister Suresh Prabhu

Need to develop proper matrix to understand changes in economy: Prabhu

Minister Suresh Prabhu said now start-ups too are providing huge job opportunities but the challenge is to capture that...

7 April 2019 2:11 PM IST

The police arrested chief executive and an executive director of state-run Bank of Maharashtra on Wednesday, accusing them of misusing their authority in making loans to a property developer.

Bank of Maharashtra lowers lending rates by a nominal 5 basis points

RBI had cut repo rate to 6 pc from 6.25 citing need to support growth in bi-monthly monetary policy announced on...

6 April 2019 11:46 AM IST

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

Forex reserves soar over USD 5 bn to reach USD 412 bn

In the previous week, the reserves had increased by USD 1.029 billion to USD 406.667 billion.

5 April 2019 8:34 PM IST

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.

Despite second RBI action, bankers non-committal to cut rates

The downward revisions in GDP and inflation projections reveal the near-term global headwinds, says SBI chairman.

5 April 2019 8:40 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.

Most analysts expect another rate cut in June

Economists at Japanese brokerage Nomura said they expect another rate cut in June with a 40 per cent probability.

5 April 2019 8:30 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 cuts interest rate by 25 basis points; loan EMIs likely to fall

Home, auto, and personal loan EMIs are likely to go down although banks are yet to fully pass on the previous cut.

4 April 2019 5:16 PM IST

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

RBI to hold talks with banks on linking home, auto loans with external...

RBI had proposed that interest rates on loans should be linked to external benchmarks like repo rate from April 1.

4 April 2019 3:39 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 tweaks LCR norms to boost liquidity

The decision has been taken with a view to improve the ease of undertaking forex transactions.

4 April 2019 3:02 PM IST

Economic Affairs Secretary Shaktikanta Das. (Photo: ANI/Twitter)

RBI goes with official data: Shaktikanta Das on data row

Shaktikanta Das told reporters that the RBI goes with the official statistics prepared by the Central Statistics Office.

4 April 2019 2:00 PM IST