Oct 26, 2020-Monday

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Monday, Oct 26, 2020


Aug 21, 2020 08:21
India’s retail inflation accelerated to 6.93% in July from 6.23% in June, remaining above the MPC’s target range of 2-6%, while food inflation rose to 9.62%. read more
Aug 21, 2020 07:55
Corporate borrowers will be offered customised solutions because of the complexity of their contracts and the involvement of multiple banks. Individual borrowers will be given a standardized package if they can show substantial loss of income because of Covid-19. read more
Aug 21, 2020 06:45
The auction will be a multiple price-based auction -- successful bids will get accepted at their respective quoted price for the security. read more
Aug 14, 2020 13:29
“The annual rate of inflation, based on monthly WPI (Wholesale Price Index), stood at (- 0.58 per cent) (provisional) for the month of July, 2020 as compared to 1.17 per cent during the corresponding month of the previous year,” the commerce and industry ministry said in a statement. read more
Aug 14, 2020 01:35
The new guidelines were based on the recommendations of the Working Group to Review Regulatory and Supervisory Framework for CICs, headed by Tapan Ray, former secretary of the corporate affairs ministry. The report was published by RBI on November 6, 2019. read more
Aug 13, 2020 06:17
Senior bankers said PSBs, which collectively are the biggest lenders of working capital and term loans to corporates, tend to lose out to private peers both in domestic and foreign cash management business. read more
Aug 10, 2020 06:45
While the shutdown brought most industries to almost a standstill and depressed demand, it has failed to slow the spread of the coronavirus with the number of infections crossing the 2.2 million mark. read more
Aug 07, 2020 16:28
The committee will submit its recommendations to the RBI, which will notify them along with modifications, if any, in 30 days. read more
Aug 07, 2020 06:58
“Weak demand has been the key pain point for businesses and all levers need to be used to get consumption back on track. Front loading at least another 25 bps [basis points] cut in the repo rate would have been well timed,” FICCI president Sangita Reddy said. One basis point is one-hundredth of a percentage point. read more
Aug 06, 2020 16:04
Domestic equity benchmark Sensex surged 362 points on Thursday after the RBI left interest rates unchanged but maintained an accommodative stance to boost growth. read more
Aug 06, 2020 14:46
The rupee pared initial gains and settled for the day on a flat note at 74.94 against US dollar after the Reserve Bank of India (RBI) on Thursday kept interest rates unchanged. read more
Aug 06, 2020 12:54
As per the latest guidelines, loans against gold have been upped to 90 percent, as opposed to previously fixed 75 percent, of the value of the precious metal. read more
Aug 06, 2020 09:59
Experts are of the view that the MPC is likely to keep the interest rates unchanged and that a cut would come as a surprise. read more
Aug 04, 2020 04:13
The government has budgeted Rs60,000 crore as dividends from Reserve Bank of India and state-run banks and financial institutions, according to the Union Budget 2020-21. read more