This is the index's biggest single-day fall in almost a month
Joy Thomas stated that one large account -- HDIL -- was the sole reason for the present crisis that led to the regulatory action on Tuesday when Reserve Bank of India superseded its management and placed it under an administrator for the next six months.
'The effect will be seen two-three quarters down the line.'
Aditya Birla Nuvo gets board's nod, Videocon submits application.
Soft crude prices will cut fuel subsidy bill and help contain fiscal slippage this year.
As the Reserve Bank maintained a status quo on key policy rates, analysts said higher demand due to supply constraints will not allow inflation to ease as quickly as anticipated and the apex bank may be forced to increase rates once more by the year-end.
Bankers on Tuesday said the RBI's decision to hold key rates, coming after a decisive mandate received by the Narendra Modi government, was on expected lines and interest rates won't change even though the central bank's SLR cut infuses additional liquidity into the system.
Rajan drew attention towards the Nachiket Mor committee on PSL and said that the RBI is trying to make the entire process more effective.
RBI had previously cut repo rate by 0.25 per cent each in January and March.
The government's ambitious gold deposit scheme can succeed only if depositors are paid a higher interest rate.
In the 30-share Sensex constituents, 16 ended lower and 14 gained, helping the benchmark indices trim losses.
For development finance institution to succeed now, the government must stand like a rock behind it and be patient.
The Reserve Bank of India (RBI) kept its key policy repo rate unchanged at 8.0 percent on Tuesday, as widely expected, while expressing concerns about risks to its target to bring consumer inflation down to 6 percent by January 2016.
Borrowers who were hoping for lower interest rates on their home or car loans might be in for some disappointment.
The index went below the crucial 50 mark.
Rajan said there was full understanding between him and the Finance Minister Arun Jaitley on setting up of the PDMA
Though most experts remain bullish on the banking space, they suggest investors buy only those banks whose NPAs are at a manageable level of 3% to 4% and there is credit growth or earnings visibility.
With crude and commodity prices ebbing and the twin deficits under check, the Reserve Bank should have cut the key policy rate to push investments and boost economic growth, India Inc said.
RBI is closely monitoring monsoon.
Application deadline may be extended but no leeway on priority-sector targets.
Over the past few months, macro parameters have improved.
The S&P BSE Midcap and the S&P BSE Smallcap indices added 0.5% and 0.7%, respectively
On the individual front, housing loan rebate on self-occupied property was increased from Rs 1,50,000 to Rs 2,00,000.
Discussion paper fixes Rs 1,000 cr as minimum capital for these specialised banks
The total quantum of non-performing assets in the Indian banking system increased to Rs 7.33 trillion as of June 2017, from Rs 2.75 trillion in March 2015.
India imported 967 tonnes of gold in 2014-15.
'There are deeper, underlying, forces at work and we need institutional arrangements to guard against them.'
The State Bank of India has proposed to the RBI to allow it to charge mark-to-market losses on its balance sheet.
RBI has brought down forecasts of both year-end inflation and growth.
T C A Srinivasa-Raghavan recalls a tussle between the government and RBI when Rajiv Gandhi was prime minister and how it was resolved.
How investors can tweak their fixed income investments to earn more in the current environment.
Some of the key proposals of the agenda relate to transforming the banking sector, addressing agrarian distress, countering hate crimes and discrimination, and spurring employment generation.
To neutralise this, RBI has been doing forward swaps
Tuesday's policy announcement had a regulatory and development component.
India Inc has pitched for rate cut to boost economic activities.
Most say a rate cut could come in RBI's June policy.
The Reserve Bank is unlikely to lower the interest rates.
A host of lenders, including State Bank of India, IDBI Bank, Indian Bank and Andhra Bank, have lined up meetings of their asset-liability committees this week, to review their lending and deposit rates.
The RBI's projections for consumer inflation over the rest of the year indicate some acceleration, with the rate reaching eight per cent in its baseline scenario.
The country's two biggest state-run lenders on Saturday pitched for treating a portion of their gold deposits as part of the mandatory cash reserve ratio (CRR) or statutory liquidity ratio (SLR), both of which banks consider as non-productive.
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