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Defending the banks in this issue, a senior official, however, claimed that the quick mortality rate on Mudra loans has come down drastically after strict norms issued by the RBI and the ministry of finance.(Representational image)

EMIs likely to come down as RBI cuts interest rate by 35 bps

The fourth consecutive rate cut is expected to lower EMIs for home and auto buyers, and borrowing cost for corporates.

7 Aug 2019 12:49 PM IST

Rupee strengthened by 28 paise to close at 70 against the dollar on Thursday.

Rupee sees high volatility post RBI policy decision; inches to 71...

The domestic currency was trading at 70.91, down by 10 paise over its last close.

7 Aug 2019 12:44 PM IST

As per the Central Statistics Office (CSO) data inflation in vegetables contracted by 2.19 per cent last month, compared to 7.8 per cent in June.

RBI keeps retail inflation projection within target for next 12 months

CPI (Consumer Price Index) retail inflation is projected at 3.1 per cent for the second quarter this fiscal.

7 Aug 2019 12:21 PM IST

Governor Shaktikanta Das

RBI cuts key rate by 35 bps to boost economic activitiy

RBI trims GDP growth forecast for current fiscal to 6.9 per cent from 7 per cent previously predicted.

7 Aug 2019 11:56 AM IST

The retail inflation which is based on the Consumer Price Index (CPI) was 2.33 per cent in November and 5.21 per cent in December 2017.

Inflation likely edged up to nine-month high in July: report

Food prices have risen due to lower-than-expected monsoon rains over the past two months.

7 Aug 2019 9:59 AM IST

Former Reserve Bank of India governor Bimal Jalan

Govt should borrow only long-term fund from overseas market: Jalan

India's sovereign external debt-to-GDP level is among the lowest globally at less than 5 per cent.

7 Aug 2019 9:02 AM IST

Reserve Bank of India (RBI)

Experts hope another 25 bps rate cut by RBI

Talking to reporters after the meeting, SBI chairman Rajnish Kumar had said he was hopeful of another rate cut by MPC.

6 Aug 2019 5:54 PM IST

Finance Minister Nirmala Sitharaman

Bankers agree to take steps to review interest rates: FinMin

Banks need to commensurately transmit rate cut benefit in lending, said an official release.

5 Aug 2019 8:27 PM IST

Reserve Bank of India (RBI)

RBI may go for 25 bps rate cut on Wednesday: Report

Consensus expects RBI to lower repo rate by 25 bps to 5.50 pc at its monetary policy meeting on August 7, DBS said.

5 Aug 2019 4:50 PM IST

Shaktikanta Das

RBI may go for 25 bps rate cut on Wed for 4th time in row

Industry also expects the six-member MPC to take steps to improve liquidity situation and also ensure transmission of...

5 Aug 2019 9:38 AM IST

The Nirav Modi fraud-hit Punjab National Bank (PNB) led the pack with the largest amount of NPAs worth Rs 86,620 crore during 2017-18.

RBI imposes fine on PNB for delay in reporting fraud in Kingfisher...

A penalty of Rs 50 lakh was imposed by the RBI on the bank.

3 Aug 2019 3:36 PM IST

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

RBI bans NBFCs from charging loan foreclosure penalties

Foreclosure charges are part of the fee income for any lender and add to its bottomline.

3 Aug 2019 11:29 AM IST