All public sector banks have moved to such a regime voluntarily, while private banks are yet to. The state-run banks have introduced repo-linked products for floating-rate home and auto loans, but the RBI said loans to micro, small and medium enterprises (MSMEs) should also be linked to an external benchmark.
With GST, demonetisaton and the banking sector reset, investment banker Christopher Wood expects PM to focus on generating jobs ahead of the 2019 election.
'The worst is over, but it may take a couple more years for the banking system to re-establish the growth process.' 'Banks are the major pillars in an economy's revival.' 'Without banking operations and lending, revival will not happen.'
Interest rates on bank FDs have started coming down and rates on other fixed-income products will also decline. Investors should lock in to instruments offering higher returns.
Somebody should ask Hillary Clinton and Donald Trump their views on tipping, says Kishore Singh.
Of the seven surveys presented under Modi govt, predictions of three were quite close to the actual GDP growth rate, one saw the base year change in between, but the last three were way off the mark.
The growth premium India enjoyed has largely been lost.
Images from the World Cup final between England and New Zealand, at Lord's on Sunday.
Although conventional political wisdom would decree that the construction of a 'magnificent' Ram temple at his 'birth-place' would bring the BJP a big yield of votes in the prospective elections, its leaders know by now that the mandir must not exist in isolation in its game plan, reports Radhika Ramaseshan.
Currently there is no standard ideal debt to equity ratio.
Did you know that you are sacrificing a part of your salary in the name of ESOP?
'The COVID-19 pandemic must push the military into a long-term reconsideration of its primary challenges.' 'There must be greater emphasis on humanitarian aid and disaster relief including the management of contagious illnesses and impending crises caused by climate change,' notes Ajai Shukla.
An entrepreneur must have the courage to act on great ideas and plans, says Satanik Roy.
A new couple's financial situation changes from their bachelor days.
'The BJP is taking a risk in Assam, but it may face a tough time in coming times,' says Sangeeta Barooah Pisharoty.
Coming down heavily on MF players who in recent past chose to use shareholder fund to buy out debt of bleeding invested companies, Sebi said MFs can't have standstill agreements with companies and will take action against fund houses for such deals.
Will have to take impairment of Rs 15,000 crore before recovering a single rupee from its arms
Keeping patience while making a financial decision is one thing millennials need to learn, says Naval Goel.
Take calculated, not blind risks, suggests Ramalingam K.
Tendulkar expects Dhoni to control the game from one end now
'The number of deaths attributable to warming is likely to rise in the future.'
The three countries have indicated that they are willing to accommodate Chinese request for changes in the language as long as it does not change the substance of the resolution and it ends up designating Azhar as a UN global terrorist.
'When so many noted universities -- including the likes of Harvard and the University of California -- are spending their resources on studying the world of GoT, it is fun to assess whether this fictional universe conforms with the laws of our real universe,' says Kumar Abhishek.
'Two years ago, had I been given even a tiny hint that my genes were tipping the scale for the development of a disease that would lock me into my body, unable to move or breath normally on my own, I would have been sad, and probably mad.' 'So now I'm running as fast as I can -- from my wheelchair.' P Rajendran on the amazing but brief life of Rahul Desikan, medical pioneer.
You may forget about your mistakes but CIBIL keeps an eye and maintains a record of each and every transaction right from your first credit card!
'The probability of this being a suckers' rally, where all kinds of beaten down stocks have begun to rally sharply, should be a time to be cautious and circumspect.'
'Scientists around the world are focused on very quickly doing work to help us better understand what we are facing.' 'I am inspired by what scientists have found in such a short amount of time since the virus emerged.'
'To the members of the Security Council, I must say, enough is enough'
Any government aid to the airline will ultimately hurt the economy
The last-ball defeat to India in the thrilling World Twenty20 encounter was nothing short of shocking, said a gutted Bangladesh captain Mashrafe Mortaza, who was at a loss to explain the chase that went haywire in the last three deliveries.
The Reserve Bank on Monday asked banks to notify the base rate, or the minimum lending rate, at least once in every three months.
Joseph Stiglitz accuses the US of negotiating over issues already settled at the World Trade Organization.
The benchmark Sensex companies' underlying earnings per share are down 3 per cent (on a cumulative basis) since January 2015, against 25 per cent rise in the index value during the period
The government had in October 2007 set a sale price of $4.20 per million British thermal unit based on the price discovered by RIL from key customers.
Experts have flagged issues regarding the levying of new cess/tax, especially those related to complications in administering the cess.
'New Delhi showed itself willing -- at least for a period -- to tolerate the risk of conflict and to withstand Beijing's implicit and explicit threats.' 'But it also continued to try to cut some kind of deal with China to reduce tensions.'
Mid- and small-cap funds dominate the list, opening up opportunity for investors to make contra bets in large-cap funds
'Nationalism built on divisiveness cannot strengthen the country, or help the economy improve its performance,' points out T N Ninan.
'While high-level interventions may help smoothen inter-State relationships, they cannot fundamentally change the alchemy of such relationships, which are firmly rooted in mutual benefits and mutual interests,' points out Ambassador M K Bhadrakumar.
HAL made its point against a sceptical Indian Air Force, which opposed the HTT-40 project, blocked funding, and imported an expensive Swiss trainer rather than backing the HTT-40.
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