The Wholesale Price Index (WPI)-based inflation was at 2.45 per cent in May. It was 5.68 per cent in June 2018. read more

Economic Survey 2019: Finance Minister Nirmala Sitharaman tabled the Survey in Rajya Sabha a day before the maiden Union Budget of the new Narendra Modi government. read more

While the coming budget may incentivise job-oriented private investment and focus on skill-development initiatives, the government is likely to persuade banks, particularly public sector ones, to slash interest rates. read more

According to an SBI note, core CPI will go down and the headline CPI will increase, leading to convergence in coming months. read more

Bankers say that you will see a change in marginal cost of fund based lending rates (MCLR) when the asset-liability committee of individual banks meets next time. read more

The rupee opened at 69.23 the interbank forex market then gained further ground to touch 69.21 per dollar amid positive opening in domestic equities. read more

Top losers in the Sensex pack include IndusInd Bank, Yes Bank, Vedanta, SBI, L&T, M&M, Tata Steel, RIL, TCS, ICICI Bank and HDFC twins, shedding up to 5 per cent. read more

SBI’s marginal rate cut of 5 bps comes after the Reserve Bank of India’s consecutive rate cut by 50 bps in the February and April monetary policy. read more

Latest data from the central bank shows the main overnight lending rate offered by commercial banks has been sticky in a range of 8.15 percent to 8.55 percent since the beginning of the year. read more

The share of gross NPAs in total advances of banks, both in the public and private sector, peaked in March 2018, and has since declined — in both the June and September quarter of the current fiscal year. The NPA crisis is more widespread in the public... read more

At 11.15 am,the BSE Sensex was trading 214.59 points or 0.57% lower at 37,307.03. read more

Bank of India joins big lenders such as SBI, ICICI Bank and HDFC Bank, which have already increased their MCLR making consumer loans such as auto, home and business loans costly. read more

In the context of rising inflation and additional upside risks due to higher oil prices, exchange rate depreciation and other domestic factors, the IMF thinks that this was an appropriate step by the RBI, said the spokesman for IMF. read more

Joining big banks, Indian Bank and Karur Vsya Bank informed stock exchanges about hiking the MCLR by up to 10 basis points for different tenures read more

Bank of Baroda, SBI, PNB, ICICI Bank and Union Bank are among lenders which have raised interest rains for loans ahead of the RBI monetary policy decision. read more