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Business

Inflation: RBI sees threat

The RBI on Thursday kept the policy repo rate unchanged as it wanted to cool down inflation before offering st...

Seal on debt recast

The RBI on Thursday conceded to a major demand of banks labouring under the burden of a moratorium scheme and ...
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Banks get relief on mutual fund exposures

The RBI has reduced the amount of capital that banks must set aside while putting money in debt mutual funds a...

Loans: gold to fetch more

Individuals can now borrow more against their gold jewellery. The RBI on Thursday raised the loan-to-value&nb...

Priority loans for start-ups

The RBI on Thursday brought start-ups under the priority sector lending (PSL) category as it looked to encoura...

Vodafone loss widens

Vodafone Idea, the country’s third-largest telecom operator, on Thursday reported a sharp rise in its lo...

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Business  /  Published 06.08.20

Vodafone loss widens

Vodafone Idea, the country’s third-largest telecom operator, on Thursday reported a sharp rise in its losses to Rs 25,460 crore for the April-June quarter of 2020-21 because of the high provisio...
By Our Special Correspondent in New Delhi

Business  /  Published 06.08.20

Priority loans for start-ups

The RBI on Thursday brought start-ups under the priority sector lending (PSL) category as it looked to encourage bank investment in this segment. The surprise move from the central bank comes after t...
By Our Special Correspondent in Mumbai

Business  /  Published 06.08.20

Eveready: ratings up after 3 years

Eveready Industries has received the first “upgrade” after a gap of three years from credit rating agency India Ratings & Research (Ind-Ra), signalling a directional change for the dry...
By Our Special Correspondent in Calcutta

Business  /  Published 06.08.20

Loans: gold to fetch more

Individuals can now borrow more against their gold jewellery. The RBI on Thursday raised the loan-to-value (LTV) ratio in gold loans for non-agricultural purposes to 90 per cent from 75 per cent...
By Our Special Correspondent in Mumbai

Business  /  Published 06.08.20

Inflation: RBI sees threat

The RBI has cut the repo rate by a cumulative 115 basis points this year on top of a 135-basis-point-reduction last year. Das said the MPC chose to hit the pause button to allow commercial banks to pl...
By Our Special Correspondent in Mumbai

Business  /  Published 06.08.20

Banks get relief on mutual fund exposures

The RBI has reduced the amount of capital that banks must set aside while putting money in debt mutual funds and debt exchange-traded funds (ETFs). According to the current guidelines, if a bank hold...
By Our Special Correspondent in Mumbai

Business  /  Published 06.08.20

Seal on debt recast

The RBI on Thursday conceded to a major demand of banks labouring under the burden of a moratorium scheme and announced a one-time loan restructuring mechanism. This facility will be available to adv...
By Our Special Correspondent in Mumbai

Business  /  Published 06.08.20

RBI set to offer loan resolution mechanism

The Reserve Bank of India on Thursday decided to keep interest rates unchanged, forecast negative real GDP growth for the year and braced for elevated inflation in the second quarter. The RBI signall...
By Our Special Correspondent in Mumbai

Business  /  Published 06.08.20

Curbs on current account

The central bank on Thursday said that banks will not be allowed to open new current accounts for customers who have already availed themselves of credit facilities in the form of cash credit or overd...
By Our Special Correspondent in Mumbai

Business  /  Published 06.08.20

Bata turns austere on capex plan

Footwear major Bata will remain conservative on capital expenditure and expansion as the pandemic-induced lockdown has affected demand for shoes and led to a decline in footfall at  the company&r...
By A Staff Reporter in Calcutta


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