The third largest private sector lender reported a 35.5 percent rise in net profit backed by lower provisions towards the bad loans, fee income growth and stable loan growth
Domestic companies had committed USD 4.37 billion as outward foreign direct investment in the year-ago period, September 2016.
In an attempt to promote interoperability in the usage of prepaid payment instruments (PPIs), the RBI directed all financial companies to make KYC-compliant PPIs interoperable within the next six months
RBI had pulled up Religare Finvest for outstanding loans of Rs 1,156 crore to entities given under the "influence of its promoters", flouting lending guidelines and corporate governance norms
Banks are struggling to make headway in the insolvency proceedings amid non-cooperation from some promoters, even as they try to find buyers for the assets at the right value.
Banks are set to report a troubled second quarter from July to September given the slow loan growth, insolvency accounts facing weak asset quality and higher provisioning.
According to global financial services major Bank of America Merrill Lynch (BofAML), retail inflation is expected to stay muted at around 3.5 per cent in September and 3.3 per cent in October, which will give RBI the room to ease interest rates.
Given the robust growth and increase in input prices, there could be a surge in prices for the cars to that extent going forward, according to Mahindra & Mahindra's Group Chief Financial Officer V S Parthasarathy.
According to BMI Research, headline consumer price inflation (CPI) is likely to head higher over the coming months, largely owing to rising food and housing prices.
The Reserve Bank also initiated a few other measures to improve policy interest rate transmission, on banking regulation and supervision and measures to improve financial and securities markets
The response has been sought from India's largest IT services company TCS in regard to an article on Businesstoday.in on October 05, 2017 titled "Massive data breach hits 6,000 Indian organisations including govt offices, banks: Quick Heal," TCS said in a filing to the Bombay Stock Exchange.
The panel has decided to invite Patel at a time when the bill was opposed by the bank unions who have also requested the finance minister to withdraw this legislation.
The panel, set up to look into why commercial banks were not passing on the central bank's rate cuts, said in a report that banks "deviated in an ad hoc manner from the specified methodologies" for calculating their lending rates to avoid fully following the RBI's rate moves.
RBI's internal group report on lending rates has suggested that pricing should be linked to external benchmark rates in a time-bound manner to improve transmission of policy rates
However, the RBI cut the economic growth forecast for the current fiscal to 6.7 percent from its August forecast of 7.3 percent in view of issues with GST implementation and lower Kharif output estimates.
RBI initiated a few other measures to improve policy interest rate transmission, on banking regulation and supervision and measures to improve financial and securities markets.
Your lending rates will soon be priced in a much more transparent manner as the Reserve Bank of India aims to link the rates to an external benchmark.
According to the RBI Monetary Policy Committee (MPC), inflation is rising due to four reasons.
Growth forecasts for 2017-18 sharply revised to 6.7 percent from 7.3 percent projected earlier; economy in a wobble in the short-term because of GST
Ahead of the The Researve Bank of India's monetary policy meeet, interest rate sensitive stocks including the likes of real Estate, NBFCs and auto stocks were trading in the green while banking stocks were mixed with SBI trading positive and ICICI Bank, HDFC Bank and Axis Bank in the red.
The fourth bi-monthly monetary policy statement for 2017 -18, to be released tomorrow, is being keenly awaited by all stakeholders -- especially the industry which has been demanding for lower interest rates.
The Reserve Bank of India (RBI) is widely expected to keep the repo rate or key policy rate unchanged at 6 percent on Wednesday citing higher inflation risks and weak credit demand.
According to the RBI directive, customers of the Mumbai-headquartered co-operative bank will allowed a maximum withdrawal limit of Rs 3,000 - irrespective of their total balance.
Top banks are rushing to grab the retail share in the festive season by reducing interest rates on loans and with various offers on home loans.
This comes after a couple of other public sector banks including Bank of Baroda and Andhra Bank earlier in the day announced a reduction in their base rates. RBI will announce key policy rate on October 4.