In a first, MPC did not refer to the second round effects through demand conditions from HRA hike
Mulls linking lending rates directly to market benchmarks
UCO bank had reported net loss of Rs 440.56 crore in the corresponding April-June quarter of 2016-17
Benchmark indices fell 0.3%, export-led stocks fall after rupee gain
The repo rate, at which RBI lends to banks, is now down to 6%, the lowest in 6 years
Indian economy is at a point of inflection, hence a rate cut was needed, expect another cut
The rupee rose to as much as 63.59 per dollar, its strongest level since July 22, 2015
RBI Monetary Policy Committee decided to reduce repo rate at which it lends to banks by 0.25% to 6%
Growth forecast unchanged at 7.3% for the current fiscal, says Governor Urjit Patel
RBI's MPC meet begins; decision on rates on August 2
High share of PSBs in deposits has weighed on their cost structure, which the rate cut will correct
FM Arun Jaitley tabled data in Parliament
Impact of NCLT provisions may be seen marginally in Q1 and may largely flow to next few quarters
State-run banks will reduce in number but get healthier to stand up to competition from global banks
Many banks are waiting for RBI's policy action to decide on savings bank rate after SBI's move
The six-member monetary policy committee might cut rates on Wednesday
For every statutory audit of mid-size to large banks, an audit firm gets Rs 50 lakh to Rs 1.5 crore
Public sector banks will need substantial capital to make large haircuts on loans
PNB said its board of directors have called general meeting of shareholders on Sept 12
Now, Airtel Payments Bank customers can use HPCL fuel stations to avail banking services