According to analysts, RBI’s rate cut will help increase India’s GDP, while keeping the policy stance accommodative. “For the third successive time, in line with the majority market expectations, the Monetary Policy... Read more »
Bankers have rejoiced as the RBI slashed interest rates and changed the policy stance from neutral to an accommodative one. The repo rate is now positioned at 5.75%. While it seems that... Read more »
India Ratings and Research believes a rate cut, which is almost certain, in the second bi-monthly monetary policy statement for 2019-20, is unlikely to stimulate demand in the near term due to... Read more »
The Reserve Bank of India (RBI) will seek a legal opinion in the Kotak Mahindra Bank’s promoter holding issue. The Bombay High Court last month adjourned its hearing of a writ petition... Read more »
Aiming at a ‘cash-lite’ society, the Reserve Bank of India Wednesday curated a vision document for ensuring a safe, secure, convenient, quick and affordable e-payment system as it expects the number of... Read more »
Yes Bank shares are currently at Rs 174.35, down by 26.60%. Shares of Yes Bank plunged 27 percent in the early trade on April 30 after company reported weak set of numbers for the... Read more »
The Reserve Bank of India’s announcement of new open market purchases of government bonds is a sign the central bank is using great efforts to increase the economic impact of its policy... Read more »
Even as its petition is pending at the National Company Law Tribunal (NCLAT) have asked for review of the ban on banks classifying the IL&FS accounts as non-performing assets (NPAs), the Reserve... Read more »
Lakshmi Vilas Bank-Indiabulls Housing Finance merger has been approved by Board. The proposed merger of Lakshmi Vilas Bank with Indiabulls Housing Finance will create a much stronger entity. The Reserve Bank of... Read more »
The Monetary Policy Committee (MPC) held its first bi-monthly policy statement meeting today. The meeting discussed various current and impending macroeconomics situations. The committee decided to reduce the policy repo rate under the liquidity... Read more »