ICICI Bank and HDFC Bank have effected a cut of up to 0.50 per cent in term deposit rates following tepid credit growth and ease in money market rates.
Regarding employment, the manufacturing sector hiring remained broadly unchanged.
These sectors have underperformed the wider market over the past year and are seen having far more upside potential if the economy picks up thanks to Modi's reformist agenda.
Central Statistics Office has come out with GVA to measure growth.
In a strong counter to the narrative building around reasons for the exit of Professor Pratap Bhanu Mehta, Ashoka University Chancellor Rudrangshu Mukherjee has said the institution remains committed to academic freedom and intellectual independence while its Board of Trustee Chairman Ashish Dhawan promised an open line of communication.
While Raghuram Rajan has said in the past that other factors, including domestic fundamentals, outweigh the US Fed policy meet, this time it would be different
Cyber thieves have been using RBI logos to send out mails to cheat customers
The high-level meeting comes against the backdrop of the rupee touching a record low of 58.98 to a dollar on Tuesday.
HDFC on Thursday offered home loans to women borrowers at 9.85 per cent.
'A concerted attempt is afoot to try and create a new image of an intelligent man who knows what he is talking about and is far from the person that his critics in the media and Opposition have often portrayed him to be,' says Virendra Kapoor.
Calls for a rethink on why some sectors should get more easy credit than others
'Access to finance is one of the most crucial needs in the economy.'
The Reserve Bank on Tuesday nudged banks to cut lending rates.
Rbi cut rates for teh third time to ease economic situation.
The cutback on export credit refinance facility is another step towards a shift away from sector-specific liquidity allocations.
RBI may hold rates in Apr; to go for 25 bps cut by June: DBS
Raghuram Rajan rejected the argument that inflation has come down largely because of "good luck" stemming from low oil prices.
Panagariya also stressed that India must continue the liberalisation of its top tariff rates and the country should not revert back to import substitution.
The government is likely to present a "run-of-the-mill" budget with an fiscal slippage to 3.7 per cent of the GDP in the next fiscal from an earlier target of 3.5 per cent, a Nomura report says.
Strong dollar will impact financial system in India.
'Since the NDA took office in 2014, and aggressively since 2019, the Union government seems hell bent on centralising all power and resources, only to fail spectacularly.'
Average policy rate over the next three years should be around 7.4%
Arun Jaitley opted for a fiscal deficit of 3.9% in 2015-16.
'The true fruits of the attack on black money, what Raghuram Rajan did for the banking system, and what technology is doing for us will come in FY19, which, not surprisingly, is the year running up to the next Lok Sabha elections.'
The government plans to inject a total Rs 70,000 crore into the lenders over four years
The task force will look at emerging markets, technology, regulatory and monetary policies, loss of trust in financial services, and financial inclusion.
The committee had eminent people on it and making any allegations like this is 'outlandish', Sitharaman said.
Patel, 55, who took over as the 24th Governor of the central bank on September 5, 2016, had the shortest tenure since 1992.
Of the three major Budget announcements related to the banking sector, privatisation of PSBs is the most audacious, says Tamal Bandyopadhyay.
The Financial Stability and Development Council members include heads of regulatory bodies like RBI, Sebi and Insurance Regulatory Development Authority.
Soon after taking over as RBI Governor on September 4, Raghuram Rajan had announced opening of a swap window facility to encourage banks to lure NRI funds.
Charging Chief Minister Nitish Kumar with failing to secure special status for Bihar, the Bharatiya Janata Party on Thursday said it will raise the demand for it during its October 27 rally here to be addressed, among others, by its prime ministerial candidate Narendra Modi.
'It will be interesting to see how Dr Patel handles gadflies with the maturity of egregiously petulant three year olds.' 'That Dr Patel does not, in so far as we can tell, cause society matrons to gush like hormonal teenagers can only be a good thing for him.' 'Look where their febrile imaginations and breathless prose took his predecessor.'
The Reserve Bank on Friday set up a three-member committee under former Governor Bimal Jalan to scrutinise applications for new bank licences, which are expected to be awarded by January.
The rupee rose by 4 paise at 66.88 against the US dollar in early trade on Wednesday.
In October, CPI inflation was 5 per cent.
RBI has kept interest rate unchanged at 8 per cent since January
Uber had run into trouble with the RBI over the two-payment process
The new government would assume charge with swearing-in of Prime Minister designate Narendra Modi and members of his Cabinet on May 26.
'Urjit Patel's appointment is a right decision and in the interest of the country.'
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