RBI,

Edelweiss Financial Q3 net profit tumbles 93% at Rs 17 cr

Edelweiss Financial Q3 net profit tumbles 93% at Rs 17 cr

It clocked revenues of Rs 2,650 crore in the quarter ended December, down from Rs 2,897 crore in Q3 FY19

Retail inflation inches up to 7.59% in January

Retail inflation inches up to 7.59% in January

Retail inflation inched up to 7.59 per cent in January on costlier food items, showed government data on Wednesday. The Consumer Price In...Read More

Faultlines in the path of PSU privatisation

Faultlines in the path of PSU privatisation

The Economic Survey for 2019-20, on page 158 in Chapter 7 puts it on record that “PSBs are clearly not efficient today”. This is the stat...Read More

RBI loan forbearance may defer banks' asset quality pressure: Fitch

RBI loan forbearance may defer banks' asset quality pressure: Fitch

Mumbai: Fitch Ratings cautioned that the Reserve Bank of India's leeway to banks for restructuring loans to micro, small and medium enter...Read More

Realty sector hails RBI’s decision to keep the repo rate unchanged at 5.15%

Realty sector hails RBI’s decision to keep the repo rate unchanged at 5.15%

Mumbai: The cash strapped real estate sector has hailed the RBI’s decision to keep the repo rate unchanged at 5.15% while maintaining an ...Read More

RBI keeps benchmark interest rate unchanged at 5.15 pc

RBI keeps benchmark interest rate unchanged at 5.15 pc

The central bank retained GDP growth at 5 per cent for 2019-20 and pegged it at 6 per cent for the next fiscal.

PNB posts Rs 492 cr net loss in Q3 due to high provisions

PNB posts Rs 492 cr net loss in Q3 due to high provisions

The state-owned lender had posted a net profit of Rs 246.51 crore for the same period a year ago. In September quarter 2019-20, the bank ...Read More

MSC bank seeks branch merger with PMC bank

MSC bank seeks branch merger with PMC bank

A few months ago, NCP leader and Maharashtra minister Jayant Patil had publicly suggested the idea of merging PMC Bank with MSC Bank.

Merger of City, Rupee banks with MSC Bank proposed

Merger of City, Rupee banks with MSC Bank proposed

To ensure smooth entry into the retail banking sector, MSC Bank has proposed a merger of City Cooperative and Rupee Cooperative banks wit...Read More

Banks credit grows by 7.21%: RBI data

Banks credit grows by 7.21%: RBI data

In the year-ago fortnight, banks advance stood at Rs 93.32 lakh crore while deposits at Rs 119.85 lakh crore.

Bank of India logs net profit of Rs 138 cr in Q3

Bank of India logs net profit of Rs 138 cr in Q3

New Delhi: Bank of India on Friday reported a consolidated net profit of Rs 138.20 crore for December quarter 2019-20.The state-owned len...Read More

'Structural reforms, fiscal 
measures key for growth': RBI Governor

'Structural reforms, fiscal measures key for growth': RBI Governor

The RBI governor the government is focusing on infrastructure spending which will augment growth potential of the economy. States should ...Read More

Interim dividend issue may come up in next board meeting of RBI

Interim dividend issue may come up in next board meeting of RBI

Mumbai: The issue of interim dividend may come up for discussion in the next Reserve Bank of India (RBI) board meeting as the government ...Read More

RBI issues new rules: How your credit and debit cards will get more secure

RBI issues new rules: How your credit and debit cards will get more secure

Soon your credit and debit cards will be more secure. The Reserve Bank of India (RBI) has issued new rules for debit and credit cards to ...Read More

'We need a transformative vision and supervision, not suspicion': Chandrasekaran on business in India

'We need a transformative vision and supervision, not suspicion': Chandrasekaran on business in India

Chandraseakaran, who sits on the central board of the RBI, also pitched for reducing the state ownership in the public sector banks throu...Read More

High inflation, low growth await new RBI Dy Guv Patra

High inflation, low growth await new RBI Dy Guv Patra

Mumbai: The central government on Tuesday appointed Michael Debabrata Patra as the new RBI Deputy Governor who will also steer the Moneta...Read More

Michael Debabrata Patra appointed as RBI Deputy Governor for 3 years

Michael Debabrata Patra appointed as RBI Deputy Governor for 3 years

He will be the fourth deputy governor of the RBI. The post was lying vacant after Viral V Acharya had resigned from the post in June last...Read More

Bengaluru co-op bank can continue banking business with restrictions till its financial position improves: RBI

Bengaluru co-op bank can continue banking business with restrictions till its financial position improves: RBI

On Monday, depositors queued up outside Sri Guru Raghavendra Co-operative Bank, in Bengaluru. This come after Reserve Bank of India (RBI)...Read More

'FM is personally monitoring the issue': Tejasvi Surya urges customers to not panic after RBI imposes curbs on Bengaluru Co-op Bank

'FM is personally monitoring the issue': Tejasvi Surya urges customers to not panic after RBI imposes curbs on Bengaluru Co-op Bank

On Monday, BJP MP Tejasvi Surya has sought to calm down panicked depositors and said that Finance Minister Nirmala Sitharaman was persona...Read More

'High inflation to complicate growth issues': Analysts

'High inflation to complicate growth issues': Analysts

Official data released showed the consumer price inflation fastened to 7.35% in December, driven largely by a massive increase in vegetab...Read More

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