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PTI
December 29, 2019
India Inc's foreign borrowings grew over two-fold to $3.41 billion in October over the corresponding month a year ago, as per the latest RBI data


BusinessToday.In
New Delhi, December 24, 2019
Reserve Bank of India Governor Shaktikanta Das has said that the Indian economy is manifesting signs of economic recovery. He said that the green shoots of growth in the economy can be ascertained by the steady growth in project costs sanctioned by banks and financial institutions as well as increased investment in fixed assets by India Inc; West Bengal chief minister Mamata Banerjee, who is eyeing pan-India support in her fight against the Citizenship Amendment Act, wrote to chief ministers and senior leaders of opposition parties on Monday, urging them to unite and chalk out a plan to \"save the country\"; India is now in the midst of a significant economic slowdown, the International Monetary Fund has said, urging the government to take urgent policy actions to address the current prolonged downturn. This and more on NewsBlast.


BusinessToday.In
New Delhi, December 24, 2019
Will have to wait two quarters to see if momentum of green shoots sustains, says RBI Governor Shaktikanta DasReserve Bank of India (RBI) Governor Shaktikanta Das has said that the Indian economy is manifesting signs of economic recovery. He said that the green shoots of growth in the economy can be ascertained by the steady growth in project costs sanctioned by banks and financial institutions as well as increased investment in fixed assets by India Inc. However, the RBI chief sai...


BusinessToday.In
December 24, 2019
RBI governor Shaktikanta Das further said that the total cost of projects sanctioned by banks and financial institutions rose from around Rs 37,000 in Q4 of FY19 to nearly Rs 46,000 crore in Q1 of FY20 and to over Rs 80,000 crore in Q2


PTI
December 18, 2019
During the pre-Budget consultation with Union Finance Minister, some states made a case for fiscal expansion by boosting consumption to tide over the sluggishness in the economy


BusinessToday.In
New Delhi, December 17, 2019
Piyush Goyal stated that Prime Minister Narendra Modi has very good ties with his cabinet ministers and the PMO does not interfere in economic decisions


Anand Adhikari
New Delhi, December 16, 2019
The poor response from PSBs is partly because of higher existing exposure to NBFCs via lending, issues with NBFCs portfolio quality because of job losses, and stagnant income levels


PTI
New Delhi, December 16, 2019
The comments from Das come following a series of five consecutive rate cuts by RBI starting February this year by a cumulative 1.35%


BusinessToday.In
New Delhi, December 16, 2019
PMC Bank scam: The depositors said that they are hopeful of recovering their money and that the PMC Bank would be revived in the future


BusinessToday.In
December 13, 2019
The Board's discussions focussed on issues related to urban cooperative banks, extension of Enforcement Policy and Framework to cooperative banks and NBFCs, the RBI said in a statement


PTI
New Delhi, December 13, 2019
'There is nothing like putting banks on alert though a section of media has reported,' Shaktikanta Das said


Manoj Sharma
New Delhi, December 11, 2019
Analysts attribute a sharp plunge in India's GDP in the first and second quarters of FY 20 -- 5 per cent in April-June and 4.5 in July-September quarter -- for a delay in achieving the target


BusinessToday.In
New Delhi, December 10, 2019
Bank of India cuts MCLR: The new one-year MCLR is fixed at 8.20 per cent as against 8.30 per cent


BusinessToday.In
New Delhi, December 10, 2019
HDFC Bank cuts MCLR: The bank has stated that the latest rates will be applicable from December 7


BusinessToday.In
New Delhi, December 9, 2019
Rajan pointed out that extreme centralisation, coupled with lack of empowered ministers and a coherent guiding vision meant reforms picked up steam only when PMO focused on them and lost pace when its attention switched to other pressing issues


BusinessToday.In
New Delhi, December 9, 2019
SBI MCLR cut: The bank has stated that it is the cheapest loan provider in the country


PTI
New Delhi, December 8, 2019
Penning down his recommendations to help the ailing Indian economy out of the ongoing slowdown in the India Today magazine, he called for reforms to liberalise capital, land and labour markets, and spur investment as well as growth


BusinessToday.In
New Delhi, December 6, 2019
Among other things, Raghuram Rajan called for reforms to liberalise capital, land and labour markets, and spur investment and growth


Anand Adhikari
New Delhi, December 6, 2019
Payments Banks are mandated to invest a minimum of 75 per cent of their deposits in government securities where returns are abysmally low


BusinessToday.In
New Delhi, December 6, 2019
PM Modi said that the BJP government cared for a better future and hence started the Swachh Bharat Abhiyaan. The PM said that they would now focus on the Jal Jeevan mission


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