CBI files Rs 1,394 crore fraud case against Hyderabad firm for duping Union Bank of India
The CBI team also carried out raids at several places in Hyderabad after filing the FIR against Totem Infrastructure.
Mar 22, 2018, 20:10 PM IST
Rotomac Pen promoter Vikram Kothari denies ‘fleeing India’
The Kanpur-based company's owner had taken a loan of more than Rs 800 crore from over five state-owned banks.
Feb 19, 2018, 07:56 AM IST
After Nirav Modi, now Rotomac Pens owner Vikram Kothari goes missing with over Rs 800 crore
Kothari took a loan of Rs 485 crore from Union Bank of India and a loan of Rs 352 crore from Allahabad Bank.
Feb 18, 2018, 21:47 PM IST
Barring auto, even retail loans see spike in bad loans: Report
Education loans and commercial vehicle loans reported one of the biggest spikes in the proportion of NPAs, while the auto segment saw a dip in bad loans, says a report by credit information company Crif High Mark.
Oct 08, 2017, 10:17 AM IST
RBI offers no relief to borrowers, keeps repo rate unchanged at 6%
Headed by RBI Governor Urjit Patel, Monetary Policy Committee (MPC) today left the repo rate - the rate at which the central bank infuses liquidity in the banking system (or lends to banks) - unchanged at 6 percent.
Oct 04, 2017, 13:50 PM IST
RBI monetary policy review today; rate cut unlikely
The Monetary Policy Committee headed by RBI governor Urjit Patel started two-day deliberations yesterday with industry and the government hoping for interest rate cut to spur growth which fell to 3-year low of 5.7 percent in the June quarter, while experts expect status quo.
Oct 04, 2017, 09:00 AM IST
RBI monetary policy review: Repo rate slashed by 0.25% to 6%, lowest since 2010; loans may get cheaper
The cut in the repo rate by RBI will help in lowering interest rate for individual and corporate borrowers. It will thus make home, auto and corporate loans cheaper.
Aug 02, 2017, 16:29 PM IST
RBI Monetary Policy Review: Who said what
Here are the experts' comments on RBI Monetary Policy Review.
Aug 02, 2017, 15:44 PM IST
7th Pay Commission: Evolving momentum of inflation to be determined by implementation of HRA, says RBI
In line with record low retail inflation, the RBI cut policy repo rate by 25 basis points to 6 percent and the reverse repo by similar proportion to 5.75 percent.
Aug 02, 2017, 15:30 PM IST
RBI Monetary Policy Review: Here is the full text
Here is the full text of RBI Monetary Policy Review
Aug 02, 2017, 15:11 PM IST
RBI seen cutting rates to over 6-1/2 year low, faces pressure to do more
The central bank has previously warned that inflation could accelerate due to a seasonal rebound in food prices and factors such as planned pay hikes for government employees.
Aug 02, 2017, 12:44 PM IST
RBI Monetary Policy: Urjit Patel expected to cut key interest rate today
With latest macro-economic data showing inflation at a record low and fall in factory output, RBI is expected to reduce its repo rate at its monetary policy review on Wednesday.
Aug 01, 2017, 10:31 AM IST
Canara Bank first-quarter net profit misses estimates; bad loans rise
Provisions for the quarter rose to 22.04 billion rupees from 14.93 billion rupees year ago.
Jul 19, 2017, 16:23 PM IST
In India NPA is viewed as criminal: Bhattacharya
With the Indian banking industry bearing the brunt of huge NPAs waiting for resolution, State Bank of India (SBI) chairman Arundhati Bhattacharya on Tuesday said that NPA is treated as criminal in the country.
Jul 11, 2017, 18:49 PM IST
RBI cuts provisions, risk weights to make home loans cheaper
In what can make new home loans cheaper, the Reserve Bank on Tuesday reduced the standard assets provisions on individual housing loans to 0.25 per cent and also lowered the risk weights on such lending.
Jun 07, 2017, 19:06 PM IST
RBI Monetary Policy Review: No change in interest rates, SLR cut by 0.5%; GDP projection lowered to 7.3%
RBI Governor Urjit Patel- led Monetary Policy Committee (MPC) kept the repo rate unchanged at 6.25 percent.
Jun 07, 2017, 13:34 PM IST
RBI Monetary Policy to be announced today; Urjit Patel may opt for status quo on rates
With the Reserve Bank of India announcing its second bi-monthly monetary policy review on Wednesday, economists expect that there would be no change to interest rates.
Jun 07, 2017, 08:55 AM IST
RBI monetary policy review: MPC meeting begins; home, auto loans may not get cheaper
The Monetary Policy Committee (MPC), headed by RBI Governor Urjit Patel, began its 2-day meeting on Tuesday amid experts saying that the central bank is likely to hold key rates even as the government is making a case for a lower interest regime citing low inflation.
Jun 06, 2017, 15:36 PM IST
Now, HDFC too matches SBI, ICICI's rates, lowers to 8.35%
Pureplay mortage player HDFC on Monday followed suit of its rivals and lowered new low-cost home loan prices by 15 bps to 8.35 percent for women borrowers and by 10 bps for men, thereby matching the rates offered by SBI last week and ICICI Bank earlier in the day.
May 15, 2017, 20:14 PM IST
Cabinet clears ordinance to amend Banking Regulation Act to resolve NPA crisis
Union cabinet has cleared ordinance to amend Banking Regulation Act to resolve NPA crisis on Wednesday. As per sources, President's nod is likely soon.
May 03, 2017, 20:29 PM IST
