Reflecting global demand conditions, exports in Q1 contracted by 1.4 per cent
Indian banks will see a rise in bad loans, restructured assets in the next 12-18 months due to a long spell of slowdown
RBI not to grant any further extension beyond Setp 30 despite banks making requests
Sales of the manufacturing sector remained almost stagnant with a growth of only 0.8% in first quarter of the current fiscal
Policyholders who haven't made any claim in a year, can use bonus to their benefit following year
It had earlier estimated NPAs to peak in middle of current fiscal year
A sharp rupee depreciation since May 2013 has substantially altered budget's fiscal arithmetic
CPI-based inflation high, but Rajan reiterates neutral policy stance
A private sector bank hiked their one year deposit rate to 10%, but this is unlikely to be an indicator
So far in FY14, RBI has infused Rs 30,000 cr via open market operations
After banning 0% interest rate, central bank could crack down on EMI waiver too
RBI asked banks to re-allocate export credit in foreign currency, based on a bank's policy to cover currency fluctuations
RBI had issued guidelines for Licensing of New Banks in the Private Sector on February 22
Move experts say would help the country's inclusion in benchmark debt indices and aid fund flows of at least $10 bn
Experts say in time to come this move directed towards helping rupee to appreciate against dollar
RBI says this might result in increasing or decreasing the rupee equivalent of the foreign currency component of export credit
Foreign banks in rush to raise dollar deposits from NRIs to milk RBI's special window
Zero % EMI scheme banned; No fee on debit card transactions; Banks told to pass on discounts to customers
Big discounts in far-month futures give indication
Vikram Akula, the founder of SKS Microfinance Limited, assures bright future for the company if given a chance