Business

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...