Calcutta  /  Published 08.04.21

Rs 12.5 lakh in currency seized near airport

A man in his 30s was arrested on Jessore Road, near the airport, for allegedly carrying Rs 12.5 lakh without proper documents, police said. An officer of the Bidhannagar commissionerate said Kanti Gh...
By Snehal Sengupta in Madhyamgram

India  /  Published 06.04.21

Police seize Rs 50 lakh cash in Puri

Odisha police on Monday seized around Rs 50 lakh of unaccounted cash near Tarakaja Chhak under Pipili police station in Puri district. The Pipili Assembly constituency is going to witness a bypoll on ...
By Subhashish Mohanty in Pipili

Business  /  Published 25.02.21

RBI allays yield rise fears

Reserve Bank of India (RBI) governor Shaktikanta Das on Wednesday said there would be sufficient liquidity in the system and the apex bank would conduct the government’s borrowing programme in a...
By Our Special Correspondent in Mumbai

Business  /  Published 06.02.21

CRR stick, held-to-maturity sop

The Reserve Bank of India (RBI) on Friday disappointed the bond markets as it decided to normalise the cash reserve ratio (CRR) in a two-phased manner and extended the relaxation with regard to govern...
By Our Special Correspondent in Mumbai

Business  /  Published 06.02.21

RBI panel opts to hold key rates

The Reserve Bank of India (RBI) on Friday decided to hold rates and continue with its accommodative stance to help the recovering domestic economy gain more traction but was silent on the timeframe fo...
By Our Special Correspondent in Mumbai


Business  /  Published 19.01.21

Large NBFCs face tough reserve rules

Among the Sensex players on Monday, Bajaj Finance fell 3.44 per cent to Rs 4,713.60, Bajaj Finserv lost 3.21 per cent to close at Rs 8,354.40, while HDFC declined 2.49 per cent to Rs 2,566.40. In Mond...
By Our Special Correspondent in Mumbai

North East  /  Published 03.01.21

Assam Congress promises cash benefit

The Opposition Congress in poll-bound Assam has promised Rs 7,500 a month to each BPL and needy family if it comes to power in 2021, a move seen by most as the party’s counter to the BJP-led sta...
By Umanand Jaiswal in Guwahati

Business  /  Published 04.12.20

Rollback on CRR likely

The RBI could roll back the 100 basis points cut in the cash reserve ratio (CRR) and come out with various other measures as it looks to soak up surplus liquidity that has resulted in money market rat...
By Our Special Correspondent in Mumbai

Business  /  Published 24.11.20

Banks: not easy for big boys

The proposal by an RBI panel to let industrial houses set up banks and large NBFCs convert themselves into banks have enough deterrents to stop the big players in their tracks. In fact, the RBI had c...
By Our Special Correspondent in Mumbai

Business  /  Published 17.08.20

NBFCs suffer from cash flow mismatch

Non-banking finance companies (NBFCs) could face a cash flow mismatch with the Reserve Bank of India allowing a one-way restructuring of advances, a senior industry representative said. NBFCs are con...
By Pinak Ghosh in Calcutta


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