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Under the companys plan, Answers will lower its debt by $471 million, according to documents filed in Manhattans US Bankruptcy Court.Business
SC order on RBI circular negative for banks, may defer debt resolution

Moody's said the resolution of stressed loans impacted by the circular will be further delayed.

2 April 2019 7:42 PM IST

Supreme Court of India. (Photo: Representational Image)Business
SC quashing RBI circular to give relief to power cos but delay...

"It's early to say but if banks voluntarily still invoke IBC - the impact will be minimal," said Cyril Shroff of Cyril...

2 April 2019 5:43 PM IST

Reserve Bank of India (RBI) on Thursday directed all payment system operators in India to store data within the country.Business
RBI begins 3-day meet on monetary policy amidst rate cut hopes

A back-to-back cut in interest rate would provide relief to borrowers in the election season, experts say.

2 April 2019 5:05 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.Business
RBI to cut rates again before vote; BJP victory best for economy:...

India's growth outlook for the fiscal year ended in March was cut to 7.1 pc and 7.2 pc, respectively, from 7.3 pc.

2 April 2019 11:11 AM IST

Instead, gold was replaced by the dollar standard, with the proviso that dollars could be exchanged for gold.Business
Another $5 billion dollar-rupee swap auction on April 23

This would be the second such auction within a month.

2 April 2019 6:21 AM IST

Prime Minister Narendra Modi (Photo: PTI)Business
India's economy seen limping behind China as Modi begins second term

A Reuters survey of economists forecast growth slipped to 6.3 pc annually in the quarter ending in March.

31 May 2019 5:17 PM IST

Reserve Bank of India (RBI) on Thursday directed all payment system operators in India to store data within the country.Business
Banks can use Aadhaar for KYC with customer's consent: RBI

RBI said that 'Proof of possession of Aadhaar number' has been added to the list of Officially Valid Documents.

30 May 2019 9:35 AM IST

FICCI President Rashesh Shah suggested that a rate cut be facilitated in the coming quarters to spur demand and investments.Business
India's economy big worry for PM Modi, needs stimulus: FICCI

The economy grew 6.6 per cent in the three months to December - the slowest pace in five quarters.

28 May 2019 2:44 PM IST

Reserve Bank of India (RBI) on Thursday directed all payment system operators in India to store data within the country.Business
Draft liquidity norms for NBFCs released

NBFCs will have to maintain minimum high quality liquid assets of 100 per cent of total net cash outflows over the...

25 May 2019 1:41 AM IST

Reserve Bank of India (RBI) on Thursday directed all payment system operators in India to store data within the country.Business
RBI to create specialised supervisory and regulatory cadre

A decision to this effect was taken at a meeting of the Central Board here under the Chairmanship of RBI Governor...

21 May 2019 7:33 PM 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
YES Bank slumps 5 per cent after RBI puts Gandhi on board

Yes Bank finally closed 8.01 per cent down on BSE at Rs 143.65 and at Rs 142.95 on NSE.

16 May 2019 7:05 AM IST

The share price of SBI slumped 3.79 per cent to close at Rs 304.45 as the quarterly numbers were below what the market participants had anticipated.Business
RBI needs to go for larger rate cut in June: SBI report

RBI had cut the key short-term lending rate (repo) by 25 basis points each in its last two policy reviews.

14 May 2019 8:26 PM IST

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