Aug 31, 2016 at 19:32 | Source: PTI
Reserve Bank Governor Raghuram Rajan, in his last monetary policy review on August 9, sided with four of the five members of the Technical Advisory Committee that recommended to leave interest rates on hold, citing sticky inflationary tendency.
Aug 31, 2016 at 09:00 | Source: PTI
Buoyed by the monsoon progress, the minister exuded confidence that India can achieve a 9-10 percent growth rate with a supportive global economic environment.
Aug 31, 2016 at 07:50 | Source: PTI
"Suspiciously, a bank working on profit for the past 70 years was all of a sudden showed as making loss by charging higher rate of provision on standard, sub-standard and non-performing assets," the petition said.
Aug 30, 2016 at 18:30 | Source: PTI
With banks turning stingy in passing on RBI's rate cuts to consumers, rate of home loans has fallen by only 0.26 percentage point since 2015, but corporates have managed to bring down their borrowing cost by 1.44 percentage point by tapping bond markets, as per the central bank.
Aug 30, 2016 at 16:10 | Source: Moneycontrol.com
The market sentiment was also boosted after the RBI's optimistic statement, saying the economy is likely to grow at 7.6 percent in FY17, though it quashed hopes of further repo rate cut in its annual report yesterday.
Aug 30, 2016 at 08:04 | Source: Moneycontrol.com
The Reserve Bank of India is likely to grow at 7.6 percent this financial year but this is below potential. It has also poured cold water on rate cut hopes in the near term as inflation is still at the upper-end of its projection.
Aug 29, 2016 at 21:50 | Source: PTI
Reserve Bank today raised concerns over weak monetary policy transmission, saying the banks are loading a higher credit risk premia on their new customers to save their profitability.
Aug 29, 2016 at 17:50 | Source: CNBC-TV18
Speaking to CNBC-TV18, Arundhati Bhattacharya, Chairman, SBI, said it it wont be a big negative, if there are no rate cuts. But she did say that a rate cut brings in more confidence. A whole of experts, and industry experts also spoke on the RBI's latest report.
Aug 29, 2016 at 10:01 | Source: CNBC-TV18
Indias first quarter gross domestic product, to be released on Tuesday, is expected to come at 7.8 percent, Andrew Tilton of Goldman Sachs says adding that positive impact of monsoon is underrated.
Aug 29, 2016 at 08:28 | Source: PTI
RBI, which has maintained key interest rate at 6.5 percent since April this year citing inflationary concerns, is scheduled to hold its next policy review on October 4.