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After poll budget, central bank reduces rates

Mumbai, Feb. 15 -- India's central bank unexpectedly cut interest rates last Thursday, 7 February, along with an anticipated change in its policy stance to neutral, citing easing inflation and the nee... Read More


NCLT allows Amtek Auto's debt resolution process to start from scratch

Mumbai, Feb. 14 -- The Chandigarh bench of the National Company Law Tribunal (NCLT) on Wednesday allowed the committee of creditors of Amtek Auto to start the resolution process from scratch, 18 month... Read More


Govt has to ensure RBI balance sheet remains strong: Ex-governor Y.V. Reddy

Mumbai, Feb. 8 -- Former Reserve Bank of India (RBI) governor Y.V. Reddy on Friday said the government, which has a weak fiscal balance sheet, needs to ensure that at least the central bank's balance ... Read More


RBI guv surprises Street with rate cut in 1st policy

NEW DELHI, Feb. 8 -- India's central bank unexpectedly cut interest rates on Thursday, along with an anticipated change in its policy stance to neutral, citing easing inflation and the need to sustain... Read More


After poll budget, Reserve Bank of India cuts rates

MUMBAI, Feb. 8 -- India's central bank unexpectedly cut interest rates on Thursday, along with an anticipated change in its policy stance to neutral, citing easing inflation and the need to sustain gr... Read More


Here's what to expect from RBI policy review tomorrow

New Delhi, Feb. 6 -- The Reserve Bank of India's Monetary Policy Committee under its new chairman Governor Shaktikanta Das will announce its policy decision on Thursday. The market will keep a close w... Read More


Banks may see fresh NPAs of up to Rs.2 trillion over next one year

New Delhi, Feb. 5 -- Banks could see an addition of fresh bad loans worth Rs.1.5-2 trillion over the next one year, credit rating agency India Ratings said. While the stress in the corporate loan boo... Read More


RBI should drive the initiative to set up new NPCI: former MD Hota

MUMBAI, Feb. 4 -- Days after the Reserve Bank of India (RBI) released its concept paper on the new retail payment system, former managing director and chief executive of the National Payments Corp of ... Read More


Govt to review insolvency cases today

MUMBAI, Jan. 21 -- The ministry of corporate affairs will meet lenders on Monday to review cases of distressed assets under the Insolvency and Bankruptcy Code or IBC, said two bankers familiar with th... Read More


Govt to review insolvency cases today

Mumbai, Jan. 21 -- The ministry of corporate affairs will meet lenders on Monday to review cases of distressed assets under the Insolvency and Bankruptcy Code or IBC, said two bankers familiar with th... Read More