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Thu, Dec 06 2018. 08 28 AM IST

RBI won’t cut rates without making the economy sweat for it

RBI governor Urjit Patel after the RBI meeting said if the upside risks to inflation do not materialize, then the monetary policy can change accordingly

Thu, Dec 06 2018. 12 15 AM IST

Taking a loan? Rates to now be linked to external benchmark

The new rule will apply to all new retail loans and small business loans with floating rates

Wed, Dec 05 2018. 09 39 PM IST

RBI lays down norms on loan system for large borrowers

In respect of borrowers having aggregate fund based working capital limit of Rs150 crore and above, a minimum level of ‘loan component’ of 40% will be effective from 1 April 2019, said the RBI guidelines

Wed, Dec 05 2018. 09 30 PM IST

Lalit Kumar Chandel appointed govt nominee on ICICI Bank board

Chandel has been nominated as the government nominee director in place of Lok Ranjan, as per the communication received from the Department of Financial Services, Ministry of Finance on 5 December 2018

Wed, Dec 05 2018. 07 32 PM IST

RBI to cut SLR gradually to 18% by mid-2019

RBI will reduce the statutory liquidity ratio by 25 basis points every calendar quarter until the SLR reaches 18% of the net demand and time liabilities as part of aligning it with the liquidity coverage ratio

Wed, Dec 05 2018. 03 19 PM IST

RBI lowers retail inflation projection to 2.7-3.2% for H2 2018-19

In its previous policy review in October, the RBI had projected retail inflation to be around 3.9-4.5% in the October-March period of 2018-19

Wed, Dec 05 2018. 12 55 PM IST

Boom in India’s services sector to aid GDP growth, says Garg

The Nikkei India Composite PMI Output Index rose to 54.5 in November, pointing to the fastest expansion in private sector activity since October 2016

Wed, Dec 05 2018. 12 47 PM IST

5 things to watch for at RBI monetary policy meeting today

With the market expecting RBI to hold the repo rate at 6.5% at the monetary policy meeting today, a look at the five things that could be on the MPC’s radar

Wed, Dec 05 2018. 09 17 AM IST

Warburg Pincus leads ₹520 crore funding in Fusion Microfinance

The investment supports Fusion Microfinance’s endeavour to develop into one of India’s most preferred companies in the financial inclusion space, says founder Devesh Sachdev

Wed, Dec 05 2018. 10 13 AM IST

NBFC bank loans in April-October grew highest in 5 years

IN FY14, growth in bank loans to NBFCs between April and October stood almost on par with H1 FY19 at 13.2%

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