Reserve Bank of India (RBI)

Will Naresh Goyal return to Jet Airways? All eyes on him as bid deadline nears

Naresh Goyal can offer an expression of interest in Jet's debt resolution plan and has a remote chance of returning to controlling role but will have uphill task convincing lenders to ignore possible objections of Etihad.

Apr 12, 2019

IMF scales down India's growth forecast, economy to grow at 7.3% in FY20

Notably, the Indian economy slumped to a five-quarter low of 6.6% in December quarter of the running fiscal year post which the Central Statistics Office cut down its 2018-19 forecast from an earlier estimate of 7.2% to 7%.

Apr 10, 2019

Jet Airways on borrowed time as investors cold to lenders' rescue plan

The SBI-led banks' consortium hints at investment possibility of up to 75% stake in debt-laden Jet while expression of interest is set to close on Wednesday.

Apr 9, 2019

Stake sale process of debt-ridden Jet Airways delayed as banks awaits RBI nod

In a bid to turnaround, the fortunes of beleaguered airline, Jet Airways board had decided a plan as per which the consortium of lenders, led by State Bank of India (SBI) would take over the airline's debt and convert it into 114 million shares for just Re 1.

Apr 7, 2019

Will banks reduce housing, car loan interest after RBI's rate cut?

RBI expects banks to bring down interest rates on housing and car loans unlike in February when the lenders resisted advise to transfer the rate cut benefit to customers.

Apr 5, 2019

RBI cuts repo rates by 25 basis points to 6 percent, EMIs set to be cheaper

RBI decided to cut repo rates by 25 basis points or 0.25 per cent to 6 per cent, meeting a majority of economists' expectations.

Apr 4, 2019

Will Supreme Court order quashing RBI note on stressed loans create more Nirav Modis?

In the aftermath of the court order, banks may turn more to the 'Project Sashakt' to deal with stressed assets above Rs 500 crore.

Apr 3, 2019

RBI plans series of steps to boost economy's liquidity ahead of Lok Sabha elections

Another round of rate cut, the second tranche of dividend payment to government and a rupee-dollar swap auction are on the cards.

Apr 2, 2019

Markets offer bullish welcome to FY20; Sensex sets record high of 39,028 points

Global cues, FII fund inflows and the prospect of Prime Minister Modi's strong general election showing create 'buy on dips' market.

Apr 1, 2019

With 9,500 branches and 13,400 ATMs, Bank of Baroda now 2nd largest PSU bank after SBI

The RBI had said on Saturday that all outlets of Bengaluru-based Vijaya Bank and Mumbai-based Dena Bank will begin functioning as outlets of Vadodara-headquartered BoB from Monday.

Apr 1, 2019

Will Raghuram Rajan join Congress after his role in Nyay programme formulation?

Former RBI governor Rajan's statement on returning to India for shaping an inclusive economy is seen as indicative of his desire to be the next finance minister.

Mar 28, 2019

Fitch cuts India's 2019-20 GDP forecast to 6.8%

On the banking sector, the Fitch report noted that credit to the private sector increased in recent months, filling the void left by NBFCs facing a liquidity crisis.

Mar 22, 2019

Markets cap robust week with major gains; Sensex, Nifty close above key levels

Improving trader sentiments buoy markets as domestic cues align with positive global outlook; broad sectoral gains indicate a continued rally.

Mar 15, 2019

Shock defaults push $108-billion bond market to chaos reminiscent of 2009 crash

Sales of rupee-designated corporate bonds plunge to pre-2016 levels as effects of IL&FS crisis sink in amid rising election uncertainties driving up the spreads of top-rated 10-year corporate paper to highest levels since the global financial meltdown.

Mar 15, 2019

RBI to take foreign exchange swap route to boost liquidity before elections

Minimum bid size of $25 million with multiples of $1 million thereafter fixed for the swap which could take care of liquidity needs before the budget proposals are implemented.

Mar 14, 2019

Grant Thornton audit report on IL&FS finds rampant irregularities of Rs 13,000 crore

The audit report showed that there were many instances where funds worth Rs. 541 crore were taken for short-term purposes and utilised for long-term purposes.

Mar 5, 2019

GST rate cut: Real estate sector eyes massive demand spurt

Widening of 'affordable housing' category and rate reduction expected to give a push to Narendra Modi government's 'Housing for All 2022' programme.

Feb 25, 2019

Center eases Kisan Credit Card norms to push farm lending

Interestingly, Kisan credit cards were introduced in 1998 with the objective of providing formal credit to farmers -- including small farmers -- for cultivation, consumption and investment needs.

Feb 21, 2019

Major boost to govt exchequer as RBI approves Rs 28,000 crore interim dividend

In total the centre has budgeted for ₹74,140 crore in dividends from RBI and state-owned banks in the fiscal year ending 31 March. For the next FY, it has planned ₹82,910 crore from the dividend.

Feb 19, 2019

How will Brexit affect India?

So far, Brexit talks between England and the EU have not been fruitful and there are concerns that Britain might have to leave the Union without a deal which may have severe economic impact including a recession in England.

Feb 10, 2019