New Delhi : India faces the risk of deflationary impulses owing to stressed agricultural revenues, bad loans, farm loan waivers and the fiscal tightening they would entail, that could push inflation below the Reserve Bank of India's (RBI) targeted 4 per cent by March...
New Delhi : The delay in enacting the Banking Regulation (Amendment) Bill which seeks to empower the Reserve Bank of India to direct lenders to act against big defaulters is hindering the banks' capacity to support growth, Finance Minister Arun Jaitley said on...
New Delhi : Former Reserve Bank of India (RBI) Governor Bimal Jalan on Wednesday said farm loan waivers should be a 'need based' one-time decision and should not be turned into a policy. "Farm loan waiver as a one-time effect is all right. But you can't make it a...
Chennai : The United Forum of Bank Unions (UFBU) has given notice of their decision to go on nationwide strike on August 22 to protest reforms in the banking sector and other issues, said a top union leader on Monday. "We have given a strike notice. The strike will be...
New Delhi : The external value of the Indian rupee currently supersedes its internal strength and the resulting mismatch is hurting exporters, whose competitive edge gets hit with the declining value of the dollar vis-a-vis the rupee, industry lobby Assocham said on...
By Meghna Mittal, New Delhi : With the sudden demonetisation decision exposing its chinks, the country's currency printing system is undergoing a complete overhaul, officials say. The system's capabilities were put to the severest test during last year's...
Mumbai : Negative global cues, coupled with heavy selling pressure in banking and metal stocks, dragged the Indian equity markets lower during the mid-afternoon trade session on Thursday. Stocks of banking majors like Axis Bank, ICICI Bank and State Bank of India were...
New Delhi : Banks may require an incremental provisioning of 20 per cent against cumulative debt totalling over Rs 4.3 lakh crore of the 50 large bad debts or stressed assets in construction, power, metals, and other sectors, a study released on Thursday said. This...
Mumbai : Indian equity markets on Wednesday were pulled lower to close on a subdued note on the back of broadly negative European markets and profit booking as the RBI's decision to reduce key lending rates could not lift investors' sentiments. The Reserve Bank of...
Mumbai : Commercial banks on Wednesday lauded the Reserve Bank of Indias decision to cut key interest rates by 25 basis points as a move that would boost investor sentiments. Given the urgent need to reinvigorate investment in India, the falling trajectory of core...