BUSINESS
RBI policy: MPC keeps repo rate unchanged at 6.50%
All six members of the MPC, which is headed by RBI Governor Urjit Patel, voted in favour of keeping the repo rate unchanged
BUSINESS
Kotak Bank temporarily suspends digital account opening platform 811
The incremental new customer accretion will get slower until the bank comes up with new solutions on Aadhaar usage
BUSINESS
RBI rejects idea of independent payments regulator, moots internal board
A government committee in a draft report suggested setting up an independent Payments Regulatory Board.
BUSINESS
Yes Bank denies hiding bad loans, manipulating stock price
On September 27, Yes Bank shares ended lower by 9 percent in trade, taking the five-day fall in the stock to nearly 50 percent
BUSINESS
RBI reduces maturity of overseas borrowings of up to $50 mn by manufacturers to 1 year
Prior to this announcement, the tenure was a minimum average maturity period of 3 years
BUSINESS
Majority of 34 stressed power projects head to NCLT after failed resolution push
Bankers have been able to approve only about four or five stressed power assets out of 34 earmarked for resolution.
BUSINESS
Nearly 99.3% of demonetised money was returned, shows RBI annual report
The completion report comes after almost two years after the demonetisation was announced on November 8, 2016
BUSINESS
SBI posts Rs 4,876 crore net loss for Q1 on treasury losses, higher provisions
The state-owned bank had reported a net loss of Rs 7,718 crore for the March quarter. In June quarter last year, SBI had reported a net profit of Rs 2,005.5 crore
BUSINESS
RBI Policy: MPC hikes repo rate by 25 basis points to 6.50%
The hike comes at a time when retail inflation has accelerated from 4.87 percent in May to 5.0 percent in June
BUSINESS
Will RBI hike or hold? Experts think it will be a close call this time
If the RBI's expectation of inflation increases to higher than the prevalent inflation levels, we may see another rate hike on Wednesday
BUSINESS
SBI Managing Director B Sriram to head IDBI Bank for 3 months
Sriram has been working as the MD (Corporate and Global Banking) in SBI since July 2014.
BUSINESS
RBI hikes interest rate, what's in store for next policy and growth ahead?
ICRA's principal economist Aditi Nayar says the Monetary Policy Committee’s (MPC) surprise decision wisely hedges before the crucial data on monsoon, minimum support prices (MSP) and volatile global oil prices play out going forward.
BUSINESS
RBI monetary policy: MPC hikes repo rate by 25 bps to 6.25%, maintains 'neutral' stance
In the six-member MPC, headed by RBI governor Urjit Patel, all six members voted for a rate hike.
BUSINESS
ICICI Bank-Videocon case: Bank calls for probe against Chanda Kochhar after another complaint
The bank didn't reveal the content and timing of the anonymous whistleblower's complaint
BUSINESS
RCom announces new resolution plan — to cut debt by Rs 39,000 cr with zero write-off for lenders
The plan involves exiting strategic debt restructuring (SDR) and monetising some of the company's assets, including transfer of spectrum liabilities by March 2018.
BUSINESS
MPC minutes: Risks to inflation, fiscal uncertainty to keep RBI alert, says Patel
The MPC met on December 5 and 6 to announce a status quo in the key policy repo rate at 6 percent. Next policy is on February 6 and 7, 2018
BUSINESS
HDFC Bank board approves raising up to Rs 24,000 crore
Of the total, Rs 8,500 crore will be raised through a preferential issue of shares with a face value of Rs 2 each to parent HDFC.
BUSINESS
ICICI Bank, SBI seek to exempt Jaiprakash Associates from RBI’s 2nd list
Bankers to the debt-laden Jaiprakash Associates have reached out to the Reserve Bank of India to keep the company out of the second list to be referred to the insolvency proceedings.
ECONOMY
RBI Monetary Policy: MPC maintains status quo; repo rate unchanged at 6%
The central bank marginally raises its retail inflation forecast for the second half of the fiscal year (October-April) to 4.3-4.7%, from the earlier 4.2-4.6% estimates; retains 2017-18 growth forecast at 6.7%
BUSINESS
Windfall for public sector banks: Govt announces Rs 2.11 lakh cr recapitalisation
The government today announced a Rs 2.11 lakh crore recapitalisation plan for public sector banks spread over two years in a bid to shore up their finances, boost private investment and revive the economy.
BUSINESS
Five bidders express interest for 35% stake in Jaiprakash Power assets
In a presentation with bankers, five bidders put in non-binding bids for Jaiprakash Power, sources told Moneycontrol.
BUSINESS
RCom-Aircel merger deal called off, regulatory uncertainties, vested interests blamed
Rcom and Aircel Limited had signed binding agreements in September 2016 for the merger of Rcom's mobile businesses with Aircel
BUSINESS
Axis Bank offers 12 EMI-waiver on home loans of up to Rs 30 lakh
Customers with regular repayment will get 12 EMIs waived – 4 EMIs each after the fourth year, eighth year and the twelfth year from the first disbursement.
BUSINESS
Axis Bank aims to double customer base with FreeCharge buyout
Axis Bank on Thursday struck a deal to buy 100 percent stake in digital mobile payment platform for Rs 385 crore in an all-cash deal
