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Indian economy, GDP, slipped to a record low rate in August. (Photo: AP)

Indian economy set for weakest quarter of growth in five years: report

The RBI lowered its outlook for the fiscal year 2019-2020 at its August meeting.

27 Aug 2019 11:07 AM IST

Jan Dhan accounts and distribution of RuPay cards in Maharashtra till November 23, 2016

PM Modi launches RuPay card in UAE

The India-UAE bilateral trade touched almost USD 60 billion in 2018.

24 Aug 2019 2:52 PM IST

Shaktikanta Das

RBI minutes to cap yields; revives expectations for further policy...

RBI has lowered the repo rate by 1.1 percentage points in 2019, the banks are yet to pass on the entire benefit to...

22 Aug 2019 11:55 AM IST

Digital transactions in October shot up to 965 million transactions, the highest ever so far. (Photo: Pexels)

RTGS system for customer transactions to open at 7 am from Aug 26: RBI

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 IST

Shares of DHFL were up 4.5 per cent at 128.80 rupees.

DHFL resolution: Banks may convert debt into equity, says Union Bank

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 IST

State Bank of India, SBI, had earlier reduced minimum balance requirement. (Photo: PTI)

Link bulk deposits to repo for effective transmission of interest...

A dozen public sector banks, including State Bank of India, have voluntarily linked their interest rates to repo.

21 Aug 2019 11:31 AM IST

Former RBI governor Raghuram Rajan on Friday said universities need to be safe spaces. (Photo: AP/File)

Economic slowdown 'very worrisome', new set of reforms needed:...

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 IST

The Budget has given priority to agriculture, MSME, NBFC, infrastructure and affordable housing. Reviving business confidence, private capex recovery, manufacturing, have got lower attention.

RBI rules out asset quality review of NBFCs for now

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 IST

Shaktikanta Das

Time has come for banks to link loans, deposits to repo rate: RBI Gov...

SBI was to first one to link loans and deposits to the repo rate from May and home loans from July, six other banks...

19 Aug 2019 12:40 PM IST

IL&FS declined to comment on the findings within the report.

IL&FS may not have disclosed bad loans for years: RBI report

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 IST

Reserve Bank of India (RBI)

Jalan panel finalises report; suggests transfer of RBI's surplus in...

As per various estimates, the RBI has over Rs 9 lakh crore of surplus capital with it.

14 Aug 2019 5:20 PM IST

Global rating agency Fitch on Monday slashed its GDP forecast for India for FY18 saying growth has repeatedly disappointed in recent quarters.

More forced lending to NBFCs can land banks in trouble: Fitch

Earlier this month, RBI announced three major steps to encourage banks to lend more to liquidity starved NBFCs.

14 Aug 2019 4:02 PM IST