As of now, banks set lending rates based on marginal cost of lending rate formula, which RBI feels has not delivered effective transmission of monetary policy
Urjit Patel also said that the teething problems linked to GST may be resolved relatively soon, allowing growth to accelerate in the second half
The repo rate is 6%; reverse repo rate is 5.75%
The Reserve Bank of India (RBI) has decided to the repo rate unchanged at 6 per cent
Here is the full text of RBI's fourth bimonthly monetary policy statement
Statutory liquidity ratio reduced by 50 basis points to 19.5%
Incumbent Arundhati Bhattacharya set to retire on Friday
The company plans to expand to 31 branches and 3,000 customer service points by end of first year
The share of NBFC-MFIs came down to 31% at the end June, according to the Microfinance Institution Network
Equity and equity-linked issuance by Indian companies raised a total of $17.2 billion in the first nine months of 2017
RBI's Urjit Patel starts 2-day policy review; Industry, govt hope for rate cut to spur growth
There is wide expectation that the MPC will keep the repo rate unchanged given the gradual rise in retail inflation
Icra has assigned A1+ rating to the housing finance company's commercial paper
ICICI Bank's chief executive Chanda Kochhar announced a plan to train 1.5 lakh individuals for sanitation
Recently, SBI slashed charges on non-maintenance of MAB by 20-50 per cent across customer categories
India Ratings has assigned an 'AA+' rating with a stable outlook for the proposed offer
The external debt to GDP) stood at 20.3% at the end of June quarter
MCLR is calculated on the marginal cost of borrowing and return on net worth for banks
Bank deposits fell Rs 4,034 crore to Rs 107.07 lakh crore in the two weeks to September 15
Bank of Baroda cut the base rate by 0.35% to 9.15%