The Reserve Bank of India cut its repo rate by 25 basis points to 6.50 per cent on Tuesday, making a widely expected first reduction since September to bring the rate to its lowest in more than......
The Reserve Bank of India on Thursday said all loans recast after April 1, 2015, should be classified as non-performing asset.Also, from June 1, the provisioning requirement for fresh standard......
Official data collection is proving to be a minefield.The government on Thursday formally admitted it had faltered on industrial growth data for January by overestimating sugar production more than......
GVK Power and Infrastructure's multi-billion dollar acquisition of Hancock Coal is facing last-minute jitters, as lenders financing the deal are scaling down their exposure.According to two......
Corporate banking heads are a happy lot these days. And it's not just because of the spurt in credit demand-- credit growth has improved to 15 per cent from a low 10 per cent in October 2009.......