Rajan went with majority in cutting rate in June

Last Updated: Tuesday, June 23, 2015, 20:38

RBI governor Raghuram Rajan went with the majority view of the Technical Advisory Committee (TAC), while deciding on 0.25 percent cut in benchmark lending rate in its monetary policy earlier this month.

Finance Minister to meet heads of PSU banks tomorrow

Last Updated: Friday, June 12, 2015, 12:37

The top 30 defaulters are sitting on bad loans of Rs 95,122 crore, which is more than one-third of the entire NPAs of public sector banks. It amounts to 36.50 percent.

Realty stocks sink, Unitech crashes 52%

Last Updated: Wednesday, June 3, 2015, 15:16

Shares of Unitech nosedived 51.63 percent to Rs 6.50 its 52-week low at the BSE.

PNB cuts fixed deposit rate by 0.25% on select maturities

Last Updated: Wednesday, June 3, 2015, 14:49

The reduction will be effective from June 8, PNB said in a statement.

Rajan trashes bankers call for CRR cut for better transmission

Last Updated: Tuesday, June 2, 2015, 19:54

Dismissing IBA's demand for a CRR cut to better help banks reduce lending rates, RBI Governor Raghuram Rajan today said the mandatory ratio will continue to fetch them zero interest, and cutting the key repo rate in fact helps them better to reduce cost of funds.

RBI's 0.25% rate cut not enough to propel growth: India Inc

Last Updated: Tuesday, June 2, 2015, 16:24

Welcoming the 0.25 percent rate cut by RBI, India Inc on Tuesday said it is still not enough to spur demand and propel industrial growth.

RBI not a cheerleader for markets: Raghuram Rajan

Last Updated: Tuesday, June 2, 2015, 15:50

Doing some plain-speaking, Governor Raghuram Rajan on Tuesday said RBI is not a 'cheerleader' and he may have "erred a bit" in lowering the policy rate to push investments as growth was not happening at the ground level.

Allahabad Bank cuts lending rate by 0.3%

Last Updated: Tuesday, June 2, 2015, 14:15

First off the blocks, state-owned Allahabad Bank on Tuesday cut its base rate or minimum lending rate by 0.3 percent within hours of RBI lowering key policy rate for the third time this year.

RBI cuts repo rate by 0.25% to 7.25%; home, auto loans to become cheaper

Last Updated: Tuesday, June 2, 2015, 14:01

EMIs on home and auto loans will come down with SBI and other banks cutting lending rates within hours of RBI Tuesday slashing policy rate by 0.25 percent for the third time this year.

Allahabad Bank cuts lending rate by 0.30% to 14.20%

Last Updated: Tuesday, June 2, 2015, 13:15

Allahabad Bank on Tuesday cut its lending rate to 14.20 percent from 14.50 percent.

RBI cautions against hasty overhaul of financial regulation

Last Updated: Tuesday, June 2, 2015, 12:36

The governor of the Reserve Bank Of India (RBI) said on Tuesday the finance ministry and the central bank agreed on the need for a separate public debt management office, but cautioned against moving in haste to overhaul financial regulation.