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Banks to face RBI heat for not passing on base rate cut benefit

Central bank sees action as discriminatory, unfair The Reserve Bank of India (RBI) is not comfortable with the fact that commercial banks are not passing the entire benefit of base rate cut to the......

Mukesh Ambani, Dilip Shanghvi among 11 players to make banking easier!

Payments banks will mainly deal in remittance services and accept deposits of up to Rs 1 lakh. The Reserve Bank of India (RBI) on Wednesday allowed 11 business houses, including Reliance......

RBI vs the government: Who's the boss?

The Reserve Bank of India is not a free agent. It never has been, nor should it ever be, explains T C A Srinivasa-Raghavan.  Raghuram Rajan says we must distinguish between what is de jure and......

Bankers not hopeful of festive boost to credit uptick

  While the Reserve Bank of India expects banks to cut their lending rates during the festive season to push credit growth, lenders said they had no immediate plans to cut the base rate,......

I think, de facto, RBI is independent: Raghuram Rajan

In an interaction with journalists after the monetary policy announcement, Reserve Bank of India Governor Raghuram Rajan speaks on various issues. Edited excerpts: Image: Government of India has......
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Bank of Baroda to infuse Rs 708 crore to refinance six stressed accounts

Saddled with bad debts, Bank of Baroda (BoB) plans to refinance its stressed corporate accounts and change management in certain cases.... ...
Week long Jhiri Mela begins, thousands pay obeisance

Excelsior Correspondent Devotees taking a dip in holy water during Jhiri Mela at Jhiri Kalyanpur on Wednesday. -Excelsior/ Rakesh JAMMU,... ...
Shareholders accuse NSE of trying to delay public listing

The NSE management is trying to further delay a public sale of its own shares by setting preconditions to the process A file photo of the... ...
10 Things Prime Minister Narendra Modi Should Do For The Betterment Of Our Country

These are not economic mumbo-jumbo, nor management jargon, but something that whoever is entrusted with the job of running the nation must bear in... ...
Akash Singhania

India is in a sweet spot, and the stock market is close to bottoming out. However, a rate hike by the US Fed remains a key risk, says Akash... ...

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Coming to India and making

Success in manufacturing is not just about being cheap - cheap labour, cheap land, cheap power...
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