The Reserve Bank of India (RBI) on Friday decided to leave the benchmark interest rate unchanged at 4 per cent but maintained an accommodative stance, implying rate cuts in the future if need arises to support the economy hit by the Covid-19 pandemic.
'India resembles not just the more turbulent bits of its own past, but other 'managed' democracies, where all institutional strength and independence have been hollowed out to serve political power,' notes Mihir S Sharma.
The agency has registered the FIR after a preliminary enquiry on a complaint from the oil ministry.
Much depends on how the liquidity situation evolves over the coming months, with greater clarity expected from the next monetary policy meeting scheduled for December 7.
Indian bankers are fearful that going out of their way to save Jet could lead to subsequent harassment from investigative agencies.
Bajaj Finance was the biggest loser in the Sensex pack, tanking up to 8 per cent, followed by Hero MotoCorp, IndusInd Bank, Maruti and HCL Tech. Axis Bank, ITC, NTPC and M&M were among the top gainers.
As yields on 10-year government bonds rose from 6.65% in April 2017 to around 7.50% now, liquidity pressures have increased the cost of funds for housing finance companies.
The regulator is also planning to widen the ambit of 'deemed fraudulent activities'.
The reserves rose to $501.70 billion helped by a whopping rise in foreign currency assets, the latest data from the Reserve Bank of India.
Before applying for a home loan, make sure you have not been delinquent in the past six months at least.
The Opposition on Monday demanded immediate release of all political detainees in Jammu and Kashmir, especially three former chief ministers Farooq Abdullah, Omar Abdullah and Mehbooba Mufti.
RBI said at the current juncture, the all-out effort is to maintain and sustain, with the hope that when life is secure, resources, energy and time can be marshalled to rebuild and revive.
'I was told that Agra has never been cleaned, spruced and scrubbed like it has been for Trump!' A tourist who visited the Taj Mahal over the the weekend gives an account of how the city is gearing up to welcome the Trump Parivar.
Fintech players are customising solutions for rural markets and helping SMEs learn how to use the services
Market experts on why the bulls will be on the rampage first thing on Monday after the scrapping of enhanced surcharge on FPIs and other measures to ease the systemic liquidity squeeze and boost demand. Prasanna D Zore reports.
Recent measures by the Reserve Bank of India and the Securities and Exchange Board of India are being seen by observers as an attempt to reverse the inexorable decline of the rupee.
'At this time, staying in the game is more important.' 'If we do that, then wealth can be generated.'
The finance minister's meeting with chief executives and managing directors of banks ahead of the Union Budget assumes significance in view of the critical role the banking sector plays in boosting consumer demand across sectors.
From zeroing in on the best means for stake dilution to moving beyond microfinance, Bandhan navigates a tough path. Namrata Acharya reports.
Anil Kapoor's mastery shows in how he finds the space between an actor reaching out to his actuality while remaining an actor while Anurag Kashyap's comfort in bullying his co-actor fuels their bickering camaraderie, notes Sukanya Verma.
If borrowers don't have access to a bank's credit facility, it could make sense to use peer-to-peer systems.
It adds that banks could be hiding some of the fraud cases, masking these as bad debt
'Overall, domestic demand has moderated significantly. 'The weakening of private consumption, which for long has been the bedrock of aggregate demand, in particular, is a matter of concern,' RBI Governor Shaktikanta Das said in the MPC meetings, in October.
Headed by Urjit Patel, MPC for the fourth straight time kept the repo rate unchanged, at which it lends to the banks, at 6.25 per cent. The reverse repo, at which RBI borrows, will be 6 per cent.
As share of cash volumes in trading mix sees decline, it will result in moderation of profitability from core broking operations.
There seems to be no "closure" for B S Yediyurappa, the Bharatiya Janata Party's "comeback man" in Karnataka, as he could never complete a full term in office, despite becoming the chief minister four times, surmounting odds. It's also too early to write a political obituary of the 78-year old Lingayat strongman and the 24X7 politician, the face of the party in the state for decades.
The central bank had nudged banks to cut lending rates.
GenNext Innovation Hub is also pursuing a new global partnership program to collaborate with organizations in US, Europe and Asia.
Stuck projects to spring back to life with fresh lending; cut in end prices to benefit buyers.
Lenders increasingly looking at your social media profile to evaluate creditworthiness
When a manufacturer launches the fifth generation of a product, it is given that earlier avatars hit the mark. Ditto for the new Honda City, the latest version of which also brings in sweeping changes to the carmaker's product strategy for the Indian market, says Pavan Lall.
Any liquid money that gold replaces for CRR or SLR compliance will allow banks to use this 'extra' cash for lending to borrowers
After unseasonal rains, supply disruptions and pandemic-induced woes pushed retail inflation well over the Reserve Bank's comfort zone in 2020, the scenario is likely to stay that way at least in the short term as economic recovery slowly gains foothold. For most part of this year, pricier food items pushed the retail inflation, based on Consumer Price Index (CPI), higher in the range of 6.58-7.61 per cent, except for March when the reading was 5.91 per cent. Experts believe retail inflation is likely to average around 6.3 per cent this fiscal and mostly will remain sticky going forward owing to pick-up in demand across sectors.
It is imperative that young aspirants consider career options that will guarantee job security -- roles that are centred around technology.
'Today, three areas give banks a big headache -- steel, power, infrastructure.' 'Three Cs are very critical in lending -- character, capacity and collateral of the borrower.'
Gold loan companies offer loans to financially-excluded customers and MSMEs by enabling them to monetise their gold without the need for documentary proof of income
Every 30 seconds its website is connected to an SME for a loan, every five minutes it evaluates a loan, and every 20 minutes it disburses a loan.
