October 01, 2014 15:09 (IST)
The Reserve Bank of India (RBI) is not biased towards either raising or cutting interest rates, and its monetary policy stance will depend only on inflation data, Governor Raghuram Rajan told analysts in a conference call on Wednesday.
October 01, 2014 10:13 (IST)
RBI on Tuesday said changes in the NBFC regulatory framework to be introduced by end of this month.
October 01, 2014 05:23 (IST)
Bankers on Tuesday ruled out lowering deposit and lending rates in the near future after the Reserve Bank left all the key policy rates unchanged.
September 30, 2014 23:45 (IST)
State Bank of India (SBI) on Tuesday reduced short-term deposit rates by 1 percentage point for amount below Rs 1 crore the second such move by the countrys largest lender this month.
September 30, 2014 21:49 (IST)
Bankers have expressed apprehension over the fallout of the recent Supreme Court decision to de-allocate as many as 214 coal blocks, saying it could increase the already high NPA levels of banks but added that as of now, there is no need to panic.
September 30, 2014 17:19 (IST)
He was replying to a specific question on bankers saying that they may ask for some flexibility from RBI in showing some "regulatory forbearance" in the face of the Supreme Court order last week.
September 30, 2014 15:04 (IST)
Draft guidelines for Small Banks and Payments Banks were issued by the RBI in July and comments were invited till August 28.
September 30, 2014 14:48 (IST)
he company had a debt of Rs 35,500 crore as of August 14.
September 30, 2014 12:55 (IST)
Indian banks need Rs 2.4 lakh crore ($38.92 billion) of capital infusion by 2018 to meet the Basel III norms.
September 30, 2014 11:56 (IST)
The Reserve Bank of India on Tuesday kept its benchmark repo rate unchanged at 8 per cent.
September 30, 2014 10:20 (IST)
The private equity division of IDFC, IDFC Alternative has reportedly sold a special economic zone (SEZ) in Pune and an IT park in Noida for a combined enterprise value of Rs 1,100 crore to private equity firm Blackstone Group LP.
September 29, 2014 23:46 (IST)
Acknowledging that the Supreme Court's order on mass cancellation of coal block licences may impact banks' asset quality, a top Finance Ministry official on Monday said the lenders will approach the Reserve Bank of India (RBI) for restructuring such assets.
September 29, 2014 22:43 (IST)
A day ahead of the Reserve Bank of India's monetary policy announcement, Finance Secretary Arvind Mayaram suggested on Monday that the economic conditions were becoming favourable for a cut in interest rates.
September 29, 2014 18:54 (IST)
The Reserve Bank of India is likely to hold interest rates steady at its policy review meet on September 30. All but three of 46 economists surveyed by Reuters said the central bank would leave its key repo rate unchanged at 8 per cent.
September 29, 2014 15:18 (IST)
Qimat Rai Gupta, the founder and chairman of electrical equipment company Havells India, has entered the billionaire club for the first time, according to Forbes. Mr Gupta, with a net worth of $2 billion (as of September 2014), has been ranked at the 48 spot in this year's India's 100 Richest People list compiled by Forbes.
September 28, 2014 15:20 (IST)
She hinted that the scope to cut rates for specific products is very limited at present and at best, the bank may look at reviewing other charges like the processing fees on products.
September 27, 2014 19:41 (IST)
Federal Bank has sanctioned a term loan of Rs 500 crore to Cochin International Airport Ltd (CIAL) for the construction of its new international terminal.
September 26, 2014 22:54 (IST)
Global rating agency Standard and Poor's warned on Friday that it could downgrade rating of crisis-ridden Syndicate Bank if its asset quality deteriorates. It has issued a similar warning for Indian Overseas Bank (IOB).
September 26, 2014 20:12 (IST)
Ahead of the Reserve Bank of India monetary policy review on September 30, the apex banks Governor, Raghuram Rajan, on Friday met Finance Secretary Arvind Mayaram and is believed to have discussed macroeconomic issues, according to sources.
September 26, 2014 14:29 (IST)
India's insurance industry needs capital infusion of over Rs.50,000 crore ($8 billion) and foreign direct investment (FDI) can make things easy, the Insurance Regulatory Development Authority (IRDA) said on Friday.