Payment banks unlikely to eat into large lenders' biz: Crisil

Last Updated: Friday, August 21, 2015, 21:29

Ratings agency Crisil on Friday said the upcoming payment banks (PBs) will largely focus on the underbanked areas like the East, Northeast and Central regions, and the existing lenders should not worry about them.

Raghuram Rajan nudges banks to cut lending rates

Last Updated: Thursday, August 20, 2015, 23:01

RBI Governor Raghuram Rajan Thursday said there is a need for banks to cut their lending rates anticipating the benefits which will be accruing from the central bank's rate cuts.

Will affordable housing be a reality soon? Rajan tells real estate players to cut prices

Last Updated: Thursday, August 20, 2015, 21:10

Reserve Bank Governor Raghuram Rajan on Thursday exhorted realty developers stuck with high inventories to cut their rates even as the country's largest lender SBI sought RBI's nod for cutting home loan rates.

Rate cuts: Raghuram Rajan says watching monsoon impact on inflation

Last Updated: Thursday, August 20, 2015, 17:11

Amid persistent rate cut calls from the government and the industry, RBI Governor Raghuram Rajan on Thursday said the central bank is keeping a watch on monsoon and global factors to assess their impact on inflation.

Difficult to give fresh loans to NPA accounts: SBI

Last Updated: Thursday, August 20, 2015, 15:50

Country's largest lender State Bank of India on Thursday expressed concerns about giving fresh loans to accounts which have become non performing assets(NPA) and said the banks do not have any incentive by doing so.

Government steps up pressure on RBI to cut rate

Last Updated: Thursday, August 20, 2015, 15:38

Finance Minister Arun Jaitley is stepping up pressure on the RBI to cut rates as the economy struggles and price rises slow, with some bureaucrats working behind the scenes to argue for an immediate cut of as much as 50 basis points.

Currency devaluation raises question on China's strength: Rajan

Last Updated: Thursday, August 20, 2015, 12:46

Terming devaluation of currencies as a "worrisome trend", RBI Governor Raghuram Rajan on Thursday said China's move to devalue its currency and to protect its stock markets raise questions about the 'true strength' of the world's second largest economy.

Small finance bank licences next month: Raghuram Rajan

Last Updated: Thursday, August 20, 2015, 11:16

Rajan said that RBI would announce small finance bank licences next month.

Pick up in economy, rural demand may rebound: Raghuram Rajan

Last Updated: Thursday, August 20, 2015, 10:34

Reserve Bank Governor Raghuram Rajan on Thursday said there is a pick up in the economy and expressed hope that rural demand will get stronger if the monsoon improves.

RBI to transfer Rs 65,896 crore surplus to government

Last Updated: Thursday, August 13, 2015, 20:40

The Reserve Bank will transfer to the Centre its surplus profit of Rs 65,896 crore, about 25 percent more than the amount given last year.

Lower inflation ups bankers' hopes for more rate cuts by RBI

Last Updated: Thursday, August 13, 2015, 18:47

Bankers on Thursday said the sharp fall in inflation to 3.78 percent for July has raised hopes of another rate cut by the Reserve Bank at the September review of the policy.

GDP numbers not flawed, CSO on right track: NSC

Last Updated: Tuesday, August 11, 2015, 14:10

Clearing the air over the new GDP numbers, National Statistical Commission (NSC) chairman Pronab Sen on Tuesday said that Central Statistics Office (CSO) is following the correct methodology for computing national accounts and is on the right track.