The Reserve Bank should focus on making liquidity easier rather than cutting rates if the intent is to drive growth, Axis Bank's chief economist Neelkanth Mishra said on Tuesday. Mishra, who is also a part-time member of the Economic Advisory Council to the PM, said the rate cut announced earlier this month or even the subsequent ones if they were to come will not end up increasing borrowings as the scarce liquidity will hamper transmission.
Feature for feature, bank FDs are indeed better than debt funds today, mainly thanks to Ms Sitharaman, notes Debashis Basu.
Having recently made his international comeback against England in both T20Is and ODIs, the stretchable knee caps did not go unnoticed as Mohammed Shami first tried to get a feel of the conditions by bowling a few deliveries with a short run-up.
'There has been a change in the advances mix, with the share of corporate loans decreasing.'
Ask rediffGURU and PF and MF expert Janak Patel your mutual fund and personal finance-related questions.
The second fortnight of September saw Rs 3 lakh crore of time deposits, something unique, followed by liquidation of Rs 1.2 lakh crpre of these right after.
It is to be seen if SBI under Setty, who will have a three-year term, can ride the economic cycle to take SBI to new heights, navigating some of these challenges.
Wangchuk rued that over the years, glacial ice has been receding but action remains delayed.
The Supreme Court of India has expressed concern over the protracted trials in heinous offences related to Maoist activities, stating that indefinite incarceration violates the right to liberty under Article 21 of the Constitution. Two separate benches of the court granted relief to two accused, citing the delayed trials. One bench expedited the trial of a man accused of transporting ammunition for a banned organization, while the other granted bail to a man accused of transporting materials for Naxal activities. The court emphasized the importance of speedy trials and suggested the establishment of special courts to handle Maoist-related cases, aiming to expedite proceedings. The court also criticized the practice of examining an excessive number of witnesses, which can lead to indefinite delays in the conclusion of trials.
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The national capital is on high alert for Republic Day, with over 70 companies of paramilitary forces and more than 70,000 police personnel deployed across the city. A six-layered security protocol involving 15,000 security personnel has been deployed in New Delhi district alone. Security measures include over 2,500 CCTV cameras with facial recognition, anti-drone systems, and snipers on rooftops. Traffic restrictions have been imposed in central Delhi, with no traffic movement allowed on Kartavya Path from Vijay Chowk to India Gate from 6 pm on Saturday. Flying of sub-conventional aerial platforms is prohibited over Delhi until February 1.
The Reserve Bank of India on Friday decided to keep the policy rate unchanged for the 11th time in a row but sharply lowered the GDP growth forecast to 6.6 per cent for the current fiscal, as against earlier projection of 7.2 per cent. The Reserve Bank of India (RBI) maintained the status quo on interest rate despite July-September quarter GDP growth falling to 7-quarter low of 5.4 per cent, as against its own projection of 7 per cent.
The bypolls were held in six constituencies - Naihati, Haroa, Medinipur, Taldangra, Sitai (SC), and Madarihat (ST) - following the resignation of MLAs who had vacated their assembly seats after securing victories in the 2024 Lok Sabha elections.
Bank credit growth is expected to moderate this financial year after a robust 16 per cent estimated for last financial year, driven by strong economic activity and retail credit demand. There are three reasons for this: a statistical high-base effect given the strong growth seen last financial year, revision in risk weights by the Reserve Bank of India (RBI), and relatively slower economic activity.
The cost of deposits is on the rise, but banks can't raise interest rate on close to 60% of their loan books, points out Tamal Bandyopadhyay.
Ask rediffGURU and PF and MF expert Janak Patel your mutual fund and personal finance-related questions.
By acting now, you can step into 2025 with your finances in order and without unnecessary penalties.
The ideal time to invest in sector funds, is during a downturn so that investors can capitalise on a turnaround in 1.5 to 2 years.
The Marina Machans, thus, moved to the 10th spot with 21 points, trailing the sixth-placed Bengaluru FC (28) by seven points and keeping their play-off hopes alive.
In view of the rising number of mobile and internet banking users, the Reserve Bank of India (RBI) has proposed to tighten norms related to the liquidity coverage ratio (LCR) by increasing the run-off factor for retail deposits. "Banking has undergone rapid transformation in recent years. "While increased usage of technology has facilitated the ability to make instantaneous bank transfers and withdrawals, it has also led to a concomitant increase in risks, requiring proactive management," the RBI said in the draft guidelines released on Thursday.
The RBI under former governor Shaktikanta Das resisted pressures to cut interest rates through 2024 as it kept its 'Arjuna's eye' trained on inflation, but the central bank under a new detail-oriented head will soon have to take a call if it can continue sacrificing growth. Das, a career bureaucrat who in 2016 oversaw Prime Minister Narendra Modi's highly disruptive demonetisation move, left a lasting legacy as he demitted office towards the end of 2024 after expertly navigating monetary policy for six years, the highlight of which was steering India's recovery through the pandemic.
The results of assembly elections in the Kashmir Valley have culminated in a significant rejection of separatist candidates, including those from Engineer Rashid-led Awami Ittehad Party and Jamaat-e-Islami, who failed to make a meaningful impact in the polls.
Widespread use of crypto assets, including stablecoins, can have a negative impact on the macroeconomic and financial stability of a country, the Reserve Bank of India (RBI) said on Monday. In its Financial Stability Report (FSR), the banking regulator highlighted that excessive use of crypto assets can reduce effectiveness of monetary policy, worsen fiscal risks, circumvent capital flow management measures, divert resources available for financing the real economy and threaten global financial stability.
State Bank of India on Monday moved the Supreme Court seeking an extension of time till June 30 to disclose details of each electoral bond encashed by political parties.
Analysts are of the view that long-term investors could continue to hold the stock, irrespective of the MSCI development.
The RBI has changed the way it approached supervision in the past. Having seen a couple of collapses in the NBFC sector and the near-collapse of a few banks, it is focusing on regular drills to prevent a fire from breaking out, explains Tamal Bandyopadhyay.
All that you must know about the pros and cons of gift deeds, tax implications, essentials, documents required, conditions, etc...
The Supreme Court of India will examine the age limits for surrogate mothers and other provisions of the Surrogacy Regulation Act and Assisted Reproductive Technology (Regulation) Act on February 11. The court has asked the government to file its written submissions on the matter. The laws set age limits for intended parents and surrogate mothers, restricting commercial surrogacy and emphasizing altruistic surrogacy. The court is also considering alternative mechanisms for compensating surrogate mothers and has proposed a designated authority for disbursing payments instead of intended couples.
ELSS investments require a long-term commitment of at least seven years.
As the US gets tougher with visas, the prayers of US-bound devotees in India are getting more fervent, and their purse strings looser. Called Visa Hanuman temples (there are half a dozen all over India), some of them ask for a 'fee'.
To ease the potential liquidity stress, the Reserve Bank on Friday slashed Cash Reserve Ratio (CRR) by 50 basis points to 4 per cent, a move that would unlock Rs 1.16 lakh crore bank funds. The RBI on May 4, 2022 had raised CRR to 4.5 per cent from 4 per cent in an off-cycle Monetary Policy Committee (MPC) meeting, with effect from May 21 the same year.
For over a decade, HDFC Bank consistently outperformed industry growth rates in both deposits and advances, maintaining impeccable asset quality. Amid a landscape where other banks struggled with soaring non-performing assets (NPAs), HDFC Bank thrived, eventually surpassing ICICI Bank to become the largest private sector lender in India. Its net interest margin (NIM) remained stable in the range of 4.1-4.4 per cent.
The SC questioned the language used by Allahbadia during the show, saying society has some values.
If you invest for the shorter-term now, you will be able to roll over to higher rates when the interest-rate cycle turns, advises Sarbajeet K Sen.
Zomato emerged as the biggest gainer, followed by Reliance, Nestle, Asian Paints and Power Grid.
'Each side could consider challenging the NCLAT's stay order before the Supreme Court.'
The juggernaut of the Bharatiya Janata Party-led National Democratic Alliance, which triumphed in three of the four east and north-eastern states that went for assembly bypolls on Saturday, was halted yet again in West Bengal where Mamata Banerjee's Trinamool Congress registered a six-on-six clean sweep.
'With a very stable technology with limited functionalities, a large network has spanned out.'
Currently there are 26 licensed players in the P2P lending sector but only 10-11 are actively operating.
Customers with non-KYC accounts will be subject to stiff conditions imposed by the RBI on December 19 for deposit of
