The situation is not impressive in corporate bonds either
RBI's move can have unintended consequences
If you are an existing borrower with an HFC or an NBFC, there will be considerable rate difference between your existing rate and what banks will offer on these external benchmark-linked loans
Centre to prepare report on U K Sinha panel's recommendations within 8 days
From RBI making it mandatory to link all fresh retail loans to an external benchmark to the FinMin crunching numbers to estimate revenue loss from GST rate cuts, here are today's top business news
Move to cover fresh retail, MSME loans from Oct 1; home, auto loans to get cheaper
The apex bank also said that the interest rate under external benchmark, like repo, should be reset at least once in 3 months
This is the first time the government has decided to pump money in IDBI Bank after LIC acquired a majority stake of 51 per cent in the bank - a process completed in January
ED and Directorate of Revenue Intelligence have detected a significant increase in the outflow of Indian money, specifically into four countries--Thailand, Dubai, Singapore and Hong Kong
There should be a central loan contract registry, the task force suggested
Bank treasuries, and perhaps the RBI are closely tracking the yuan movement, and are devising strategies accordingly
Since the presentation of the Budget in July, markets have mostly been a one-way street with the Nifty50 slipping over 8%
Under the new regime, home loans can be had at 8.2% a year, while four-wheeler loans will carry 8.85%, which the lender says is the lowest in the market
However, it has remained above the 50-mark separating growth from contraction for more than two years
Even that's enough for the parched earth of government finance
In retrospect, the government's move to get more RBI funds for itself has paid it no dividend
Success of the process of consolidation of state-owned banks depends on the enhanced capability of the RBI to exercise its regulatory oversight and ensure financial stability
Claims he resigned for personal reasons, adds that a new person at the helm may succeed where he failed
Nomura expects a gradual growth recovery to set in in the latter part of 2020, as Asian economies benefit from ongoing policy easing and a potential capex recovery in the tech sector
Valuation method change, provision write-back play key roles to boost dividend