Governor's statements will be weighed to gauge confidence level.
'The government's principal aim should be to reduce the volume of cash transactions.' 'That would bring more of the Indian economy within the purview of taxation.' 'The current downturn in economic activity due to a lack of adequate cash is likely to be limited to a year,'
'I can confidently say there will be another financial crisis soon enough, and probably more than one global crisis within the next century, given the increasingly integrated nature of the global economy.'
Many countries advised the return the high-denomination notes to the central bank for destruction, but these continued to be legal tender. This and the introduction of a new Rs 2,000 note in India are the two major differences between Indian demonetisation and those of other countries.
Some believe the shift to mobile-based transactions will be seamless considering that the urban tele-density is 148%. In rural areas, it is touching 51%. But smartphone penetration in India is a mere 12%. Growth of mobile money has been extremely slow: It is currently 1%.
Banks are in need of government support to manage the stressed assets
With about 2,000 qualified engineers to service ATMs across the country, it is an uphill task to modify 220,000 machines.
Multiple organisations of different kinds with overlapping goals would be a dream situation for those who believe in competition and innovation.
Savings in deposits by the households rose, however, to Rs 1 trillion (17 per cent) in the year to Rs 6.91 trillion in FY14 as against Rs 5.91 trillion in 2012-13.
Lenders have lined up a number of home loan products that can fit every aspirant's annual income.
FM he did not come down hard on Rajan to cut rates
With prices unlikely to run up sharply, genuine buyers can start readying deals before the festival season starts.
The banking, oil and metal sectors were the top sectoral losers on the BSE, while IT stocks rendered support at lower levels.
It was unclear how bankers were deciding which jewellers to support
The Reserve Bank on Wednesday permitted wholly-owned subsidiary (WOS) of foreign banks to acquire domestic private sector banks as well as set up branches anywhere in the country.
Because a settled account will do more damage to your credit history than you can imagine.
The Sensex ended at at 27,676, lower by 210 points and the Nifty broke the psychological level of 8,400 to end at 83877 down 70 points.
BSE-200 companies's list shows that 96 companies had woman directors.
India's state banks are under pressure to improve profitability.
Lenders have lined up a number of home loan products that can fit every aspirant's annual income.
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Of the 11 licence holders, only eight remain in the fray as concerns about profitability and rising competition are making them think twice before jumping in.
With inflation figures expected to be well within RBI's target, there may be room for further rate cut.
Here's how NRIs can protect their overseas earnings from exchange rate risk.
With over Rs 15,000 crore in deposits, its strategy is a hit for now, but the real test will come when it starts lending to retail and corporate customers in a big way
For India's leading MFI-turned bank, the challenge is to stay competitive while pricing its loans
The two nations share a problem of corporate debt gone bad that is so large and opaque.
The niche banks - small finance and payments banks -have been set up to further the regulator's objective of deepening financial inclusion.
How should you, as a consumer, be prepared for a rate cut, if any? Read on to find out more.
So what if your bank has imposed/will impose a transaction fee of Rs 20 for using ATMs after your fifth visit in a month? You can still remain within your free transaction limits and avoid being charged at all. Wondering how it is to be done? Read on.
Stability in currency markets was only restored from September.
Top companies in China are valued at 7.7 times the trailing 12-month earnings against a P/E ratio of 18.6 times for Nifty 50 companies.
Investors with stalled projects and mounting bad debt will refinance their loans.
Just three years ago, at the end of March 2011, NRI deposits were only $52 billion, half of what they are today.
Pakistani Prime Minister Nawaz Sharif has cancelled his visit to WEF annual meeting after a deadly Taliban attack in his country.
The annual talk-fest of rich and powerful from across the world in snow-laden Alpine resort town of Davos will be attended by nearly 40 heads of government among more than 2,500 global leaders from over 100 countries.
Education sector has reasosn to cheer Budget.
The Reserve Bank left interest rate unchanged.
It is to keep labour unions away and make the employees feel important.
PM extended some old schemes and finally said yes to one that was legally mandated for past 2 years.
A comprehensive technical framework needed, from which a more convincing policy could be demonstrated
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