Page 665 - Finance News

More rate cuts? RBI vows to ease monetary policy as 'long as necessary'

The Reserve Bank of India lowered its benchmark repurchase rate by 25 basis points to 5.15 per cent on Friday, in line with the forecasts of a majority of economists

RBI monetary policy: Bankers see rates falling by 25-40 bps before March

The RBI clearly signalled its continued focus to revive growth, implying that more rate cuts are in the offing.

'Sitting ducks': $63 bn of zombie buildings sound alarm for Indian banks

As lenders stop new credit, builders are forced to offload properties

RBI sticks to familiar script, cuts repo rate by 25 bps to 5.15%

The RBI's action was also influenced by central banks globally, especially those of the emerging markets

Aggrieved HDIL home-buyers seek PM Modi intervention to resolve distress

Over 450 families have paid around Rs 350 cr to the now bankrupt HDIL but the project has been stuck since the past nine years.

RBI won't let any cooperative bank collapse, banking sector stable: Das

Since the Punjab National Bank scam came to light in February 2018, the banking sector has been hit with two other major crises - IL&FS and DHFL crisis

In talks with investors for equity infusion: Reliance Home Finance

Since the IL&FS episode, all categories of lenders in India, including banks, mutual funds have put an almost complete freeze on additional lending to HFCs and NBFCs

RBI eases lending-related restrictions, increases limits for NBFC-MFIs

'Measures are expected to boost MFI lendings to the bottom of the economic pyramid'

No need to panic as banking sector remains sound, stable: Shaktikanta Das

The RBI is reviewing the existing regulatory framework for cooperative banks and will discuss the matter with the government, Das said

No call on Lakshmi Vilas Bank-Indiabulls merger made yet: RBI Governor

Das explained placing a lender under PCA framework is normal with lot of precedents

RBI relaxes ban for those looking to buy stake of foreign firms in India

Indian companies cannot set up their subsidiaries through their foreign wholly-owned subsidiaries or joint ventures

RBI monetary policy: Here's what experts say about the latest rate cut

The six-member Monetary Policy Committee (MPC) cut the repo rate by 25 basis points to 5.15 per cent

RBI increases lending limit of MFIs to Rs 1.25 lakh from Rs 1 lakh

The income and loan limits to classify an exposure as an eligible asset were last revised in 2015

RBI policy: A cut in rate was expected; a cut in GDP growth target was not

The cut in GDP projection for FY20 is curious because it is also an admission that these 135 bps cuts in interest rates will not have a major impact on growth this year

Monetary policy review: RBI set to cut rate. Question is by how much?

The policy decision will be announced at 11:45 a.m. in Mumbai, followed by a press conference 15 minutes later by Das

Colour but no credit: Loan 'mela' kicks off, but without spot approvals

Although letters of loan sanctions were handed out to customers at the mela, most of these were already under process for some weeks at the branch level

YES Bank stock jumps nearly 33% as concerns over promoter pledge ease

Ravneet Gill, CEO of YES Bank, said the drop in share prices wasn't a reflection of the bank's performance

Rana Kapoor's man Friday Rajat Monga quits Yes Bank; stock rises

The bank, which is known for high growth, is consolidating and taking a measured growth approach, Gill added.

Loan 'mela' comes at a time when red lights are flashing in RBI's FSR

The idea behind the mela is that it will revive demand in a sluggish economy

Monetary policy review: Another rate cut may not help Indian economy

The larger problem here is that government finances are already in a hole; that would be a problem even if the tax cut were the best-designed in history