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Banking
Raghuram Rajan

The RBI on Thursday said it will announce small finance bank licences next month.

 
 
The rupee opened almost flat at 66.03 per dollar against Thursday's closing level of 66.04 at the Interbank Foreign Exchange (Forex) market.
Analysts polled by Reuters had forecast annual growth of 7.4 per cent in the quarter. Here's what experts had to say.
Good news for home loan borrowers as HDFC Bank and Canara Bank have cut their base rates
Vijaya Bank reduces its base rate by 0.15 per cent to 9.85 per cent.
There is a strong chance of RBI cutting interest rate by 0.25 per cent on September 29
With inflation declining to a low of 4.95 per cent in August, experts hope the Reserve Bank must cut the benchmark rate to revive consumer demand

"Weak demand and low inflation levels have provided more room to the Reserve Bank to cut the key rate further"
 
 
On China, Rajan said India was a big trading partner, but still the impact may not be as big as some other countries from any slowdown in Chinese economy.
RBI has proposed a uniform methodology for calculation of their base lending rates on the basis of marginal cost of funds
Calls for rate cuts have become shriller with the Finance Ministry raising alarm bells over a possible deflation demon gobbling up the economy
"RBIs implementation of its domestic systemically important banks (D-SIBs) framework appears less stringent than that of other jurisdictions"
If you are considering going the FD way, now is the time to make that move considering interest rates are heading down
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