BUSINESS
Banking sector’s health hinges on macroeconomic turnaround: RBI report
RBI said that it is monitoring the health of banks that are currently under the Prompt Corrective Action framework.
BUSINESS
Imperative that monetary and fiscal policies work in close coordination: RBI Policy minutes
Das added that while there is policy space for future rate reduction, the cuts need to be appropriately timed to ensure optimal impact.
BUSINESS
RBI cuts repo rate to 5.15%, lowest in 9 years; FY20 GDP growth estimates slashed to 6.1 percent amid weak demand
The MPC hints at more rate cuts in the coming months to help the economy gather pace as inflation remains firmly bottled up
BUSINESS
Yes Bank Senior Group President Rajat Monga quits; CEO Ravneet Gill says liquidity position stable
Gill said Yes Bank has enough liquidity and the share price movement of recent days should not become a proxy for how the bank gets perceived
BUSINESS
PMC Bank cancels AGM, loans given to HDIL under RBI scanner
HDIL's one-time settlement offer of Rs 96.5 crore, drawn on PMC Bank, was accepted by Bank of India against dues of Rs 522.3 crore.
