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Union Railways Minister Piyush Goyal (Photo: File)Business
Govt to release norms for foreign exchange loans to exporters at...

The programme will make foreign exchange credit available to exporters at competitive rates, said Commerce Minister...

12 Sept 2019 2:24 PM IST

International rating agency Moodys Investors Service on Tuesday warned that weak growth prospects for India will complicate the governments fiscal consolidation efforts, weighing on the sovereigns credit quality.Business
RBI mandate on floating rate benchmark rates is credit negative for...

This is credit negative for India's banks as it will limit their flexibility in managing interest rate risk, Moody's...

10 Sept 2019 2:12 PM IST

Finance Minister Nirmala Sitharaman (Photo: File)Opinion
In times of economic anxiety, old is gold indeed

Madame Sitharaman, it is time to rejig outdated rules and challenge Budget traditions.

7 Sept 2019 12:16 AM IST

Microfinance is growing at 48 per cent CAGR in the last five years, there is still room for growth given that microfinance penetration is 25 per cent of the addressable market, KPMG India national head (Financial Services) Gayathri Parthasarathy said in the report. (Photo: Representational)Business
HFCs take a beating after RBI's repo diktat

Banks are grappling with high deposit costs and are also burdened with about $150 billion in stressed assets.

6 Sept 2019 1:42 AM IST

Defence Minister Nirmala Sitharaman noted that the commencement of the delivery of Rafale jets has not begun. (Photo: PTI)India
PMO likely to take call on use of RBI funds

PMO's intervention seems more likely after the FM said recently that the government was yet to decide how to utilise Rs...

1 Sept 2019 1:20 AM IST

Reserve Bank of India (RBI) governor Shaktikanta Das addresses via livestream as he announces the central banks monetary policy decisions, in Mumbai. PTI photoOpinion
Edit | India's economic recovery is contingent on curbing COVID-19

A full recovery in the economy, therefore, would be incumbent on how fast the world defeats the coronavirus.

12 Oct 2020 6:40 PM IST

Outside view of Lakshmi Vilas Bank, in Mumbai, Wednesday, Nov 18, 2020. Shares of Lakshmi Vilas Bank (LVB) plunged as much as 20 per cent -- lower circuit -- on Wednesday after the Reserve Bank of India (RBI) imposed a 30-day moratorium on the cash-strapped lender, restricting cash withdrawals at Rs 25,000 per month. (PTI Photo)Business
Lakshmi Vilas Bank shareholders to get nothing after merger with DBS...

However, depositors need not worry as their deposits will be transferred to DBS and would be fully secured

19 Nov 2020 5:18 AM IST

Reserve Bank of India on Thursday released a national strategy for financial education to be implemented in the next five years. (PTI Photo)Business
RBI announces Co-lending scheme for banks, NBFCs for priority sector

The primary focus of the revised scheme is to improve the flow of credit to the unserved and underserved sector of the...

6 Nov 2020 1:42 PM IST

Reserve Bank of India (RBI) sets out proposals for tighter governance at banks. (PTI Photo)Business
Loan moratorium: RBI urges SC to lift interim order banning...

The bench said that it would take up the matter for hearing on November 18

5 Nov 2020 1:58 PM IST

Sanjeev Ahluwalia | Keeping Big Biz out of banks not a good ideaOpinion
Sanjeev Ahluwalia | Keeping Big Biz out of banks not a good idea

Increasing the number of well- capitalised private banks will induce competition and dilute the concentration of...

4 Dec 2020 7:35 AM IST

With multiple agencies probing the alleged Rs 13,000-crore fraud at state-run Punjab National Bank, the Reserve Bank of India (RBI) says it has conducted its scrutiny and the matter is currently under examination for \enforcement action\.Opinion
The new stagflation challenge

Stagflation has also made it harder for the RBI to boost economic growth by using monetary tools like interest rate...

15 Jan 2020 1:47 AM IST

Reserve Bank of India (RBI)Business
High inflation may force RBI to extend rate pause

Both Consumer Price Index (CPI) inflation and Wholesale Price Index (WPI) inflation rose on the back of higher food...

15 Jan 2020 1:13 AM IST

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