Reserve Bank Of India Rbi
Business  /  Published 07.07.20

HDFC Bank cuts marginal cost of funds-based lending rate

HDFC Bank on Tuesday joined the list of lenders to reduce their marginal cost of funds based lending rate (MCLR) in a move that will make loans cheaper to its customers. The bank went for the rate cu...
By Our Special Correspondent in Mumbai

Business  /  Published 05.07.20

Bank recap on plate

The finance ministry may assess the capital requirement of public sector banks after the September quarter as there would be greater clarity about a spike in bad loans by that time, sources said. ...
By PTI in New Delhi

West Bengal  /  Published 30.06.20

Withdraw RBI ordinance: CM

Mamata Banerjee wrote to Rajiv Kumar, the vice-chairman of Niti Aayog, urging him to prepare a master-plan for the Sundarbans as the delta with 50 lakh population was facing multiple challenges, inclu...
By Pranesh Sarkar in Calcutta

Business  /  Published 29.06.20

RBI move to lower long-term yields

The Reserve Bank of India (RBI) on Monday said it would perform another round of simultaneous sale and purchase of government bonds — called Operation Twist — on July 2 as it looks to tamp...
By Our Special Correspondent in Mumbai

India  /  Published 14.06.20

‘Moneylender? Govt worse, giving from others’ kitty’

The impact of the coronavirus on the economy is best captured in the faces and figures of the penniless and exhausted stragglers walking hundreds of miles to reach their homes. Ratan Khasnabis, profes...
By Subhoranjan Dasgupta in

Business  /  Published 12.06.20

Uncertainty on Kotak tenure

The RBI’s move to impose a cap of 10 years on the tenure of promoter CEOs of banks will immediately affect Uday Kotak, who has been heading Kotak Mahindra Bank for the past 17 years, even though his...
By Our Special Correspondent in Mumbai

Business  /  Published 12.06.20

Review of bank ownership

The Reserve Bank on Friday proposed to review the guidelines on ownership, governance and corporate structure of private sector banks in the backdrop of key developments in the space in the recent yea...
By PTI in Mumbai

Business  /  Published 12.06.20

RBI alert on NBFCs

The RBI has cautioned that India’s non-banking finance companies (NBFCs) are not out of the woods yet as some of them could face elevated liquidity pressures and difficulties in meeting their fundin...
By Our Special Correspondent in Mumbai

Business  /  Published 11.06.20

Check on promoters

A discussion paper of the RBI on Thursday proposed that the maximum tenure of a promoter of a bank as a wholetime director or CEO in that lender should be 10 years. RBI said to build a robust culture ...
By Our Special Correspondent in Mumbai

Business  /  Published 10.06.20

Banks in lending rate cut rush

A clutch of banks, public and private, announced cuts in their marginal cost of funds-based lending rate (MCLR) on Wednesday, which will lower EMIs on eligible home loan accounts linked to MCLR.HDFC B...
By PTI in Mumbai


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