France stops ratification of extradition agreement with Hong Kong, says treaty to remain 'as it stands'
Australia, Canada, New Zealand, the UK and the US suspended similar treaties with Hong Kong last month after China imposed a new national security law on the city
Coronavirus Outbreak: RBI cuts repo rate by 75 bps, extends loan EMI payments, injects liquidity; key takeaways from Shaktikanta Das press conference
The RBI governor announced that the Repo rate stands at 4.20 percent now vs 5.15 percent earlier
Banks can save Rs 7,400 cr from lending against CRR, earn Rs 480 cr in additional profits: SBI research report
Banks can save up to Rs 7,400 crore in CRR benefits under the new dispensation of targeted lending using their cash reserve ratios, and the incremental credit flow through this can be Rs 1.85 lakh crore, helping them earn Rs 480 crore in additional profits in FY21, SBI Research said
Banks can save up to Rs 7,400 cr from lending against CRR, earn Rs 480 cr in additional profits: Report
The RBI, at the previous monetary policy review on 6 February, adopted a policy tool by allowing banks to lend against their CRR to three targeted segments -- retail loans to the auto, housing and MSME sectors.
Allahabad Bank cuts MCLR by 5 bps across tenors, no change in one-month MCLR of 7.85%; revised rates to be effective from tomorrow
The Asset Liability Management Committee of Allahabad Bank has reviewed the existing MCLR and decided for a downward revision by 5 basis points (bps) across different MCLR tenors.
Lending from CRR buffer to get 5-year exemption; special window to enable improved credit flow to needy sectors: RBI
The window opens on 14 February for six months ending 31 July 2020, but the net demand and time liabilities (NDTL) will be calculated as of 31 January 2020, the RBI circular said.
SBI slashes interest on FDs from today; here are latest rates of various fixed deposit products of PSB
For the FDs maturing between 46 and 179 days, the interest rate has been slashed BY 50 bps. Now, these deposits will fetch an interest rate of 5 percent.
SBI cuts MCLR for ninth time in a row, home loans to become cheaper; cuts interest rate on fixed deposits too
SBI further said in view of surplus liquidity in the system, it has realigned its interest rate on retail term deposits and bulk term deposits, effective 10 February.
In a bid to increase lending to MSME as well as to auto and home segment, Reserve Bank on Thursday tweaked maintenance of cash reserve ratio (CRR) norms by providing relaxation in calculation of total deposits
PMC Bank has enough liquidity, depositors' money fully safe; HDIL sole reason for present crisis, says suspended MD
The PMC Bank management admitted that one large account-HDIL--is the sole reason for the present crisis
The slip in GDP growth may force the Reserve Bank of India (RBI) to move with a deeper 0.50% in rates at its next review
RBI holds rate at 6%: Policy a firm statement of independence by MPC; growth is for govt to take care of
The RBI will not budge on interest rates as inflation threat looms. The statement seems to be clear on this.
Traders said the RBI's decision to lower the policy rate to 6 percent failed to boost sentiment
Premature action (rate cut) at this stage risks disruptive policy reversals later and the loss of credibility, said the monetary policy committee
By dragging him into a political battle of one-upmanship, the media is butchering the reputation of an RBI governor who has till now done an admirable job
Reintroducing the old Rs 500 notes, especially when they would now be filtered through banks, would not hurt the Indian economy
Cuts growth forecast to 7.1 percent, from 7.6 percent for this fiscal
Ahead of the Reserve Bank of India (RBI) bi-monthly monetary policy review, the Indian equities markets opened on flat note on Wednesday. Investors are cautious ahead of the key announcement, and expect the central bank to ease its key lending rates.
The inflation surprise in the April reading makes the future trajectory of inflation somewhat more uncertain, the RBI said
Repo rate cut by 0.25% to 6.50%