RBI keeps rate unchanged, disappoints markets, industry
Disappointing markets and the industry, RBI Governor Raghuram Rajan on Tuesday left interest rate unchanged, saying there are no developments to warrant further easing since the unscheduled rate cut about a fortnight ago.
Feb 03, 2015, 12:21 PM IST
RBI's monetary policy review: Key highlights
Highlights of RBI's bi-monthly monetary policy statement.
Feb 03, 2015, 12:16 PM IST
RBI looking for disinflationary process, Budget: Rajan
Talking to media after unveiling its bi-monthly monetary policy review, he said that the further actions will be driven by data.
Feb 03, 2015, 11:29 AM IST
RBI keeps interest rate unchanged, EMIs on loans to remain same
The Reserve Bank of India (RBI) on Tuesday kept the short-term indicative policy rate (repo rate) unchanged at 7.75 percent at its sixth bi-monthly monetary policy review.
Feb 03, 2015, 11:01 AM IST
RBI monetary policy review today, will loans get cheaper?
The Reserve Bank of India (RBI), which last month announced a surprise rate cut of 25 basis points after maintaining a hawkish monetary stance for 20 months, is scheduled to undertake its sixth bi-monthly monetary policy review, 2014-15 on Tuesday.
Feb 03, 2015, 03:06 AM IST
RBI asks banks to ease norms for individual borrowers
To ensure hassle free credit to small borrowers, the RBI on Wednesday directed banks to do away with the practice of obtaining 'No Due Certificate' from individual loan takers.
Jan 28, 2015, 22:06 PM IST
RBI surprises with 0.25% rate cut; EMIs on home, auto loans to come down
In a pleasant surprise, RBI on Thursday cut its policy rate by 0.25 percent in the first reduction in 20 months and promised more, paving way for cheaper home and auto loans as also lower cost of funds for corporate borrowers.
Jan 15, 2015, 20:23 PM IST
Take all commercial decisions without fear: Arun Jaitley to PSU banks
Finance Minister Arun Jaitley on Monday called on public sector banks to take all commercial decisions without any fear or favour.
Jan 05, 2015, 15:51 PM IST
AIBOC writes to PM, FM; pitches for tough steps on bad loans
Ahead of high profile 'Gyan Sangam' at Pune, a bank union has suggested to Prime Minister Narendra Modi that banking sector reforms should focus on the objectives of bank nationalisation and initiate stringent measures for recovery of bad loans.
Dec 28, 2014, 14:24 PM IST
SpiceJet resumes operation, pays cash to buy jet fuel
Troubled airline SpiceJet resumed operations on Wednesday after being forced to cancel over 150 flights with oil marketing companies refusing to refuel its planes forcing the budget carrier to pay Rs 3 crore last evening to buy jet fuel.
Dec 18, 2014, 16:39 PM IST
Sun Group says cannot invest large sums to revive SpiceJet
SpiceJet was forced to ground its entire fleet on Wednesday after oil companies, which are owed money by the airline, refused to refuel its planes.
Dec 17, 2014, 11:56 AM IST
SpiceJet services grounded, likely to resume by evening
Flight services of cash-strapped SpiceJet were grounded on Wednesday morning due to the oil companies refusing fuel supplies to the carrier for non-payment even as the airlines said it will resume operations by this evening.
Dec 17, 2014, 10:27 AM IST
SpiceJet operations grounded as oil companies stop fuel supply
The airline has been asking for more time from oil companies and airport operators to pay their dues.
Dec 17, 2014, 09:50 AM IST
Govt comes to rescue of Spicejet, may ask banks to give loans
Coming to the rescue of the crisis-ridden budget airline SpiceJet, the Civil Aviation Ministry Tuesday said it may request Indian banks/financial institutions to extended loans of upto Rs 600 crore to the airline as part of measures to keep the carrier functional.
Dec 16, 2014, 22:19 PM IST
Infra loans: RBI eases norms to give more flexibility to banks
To revive stalled plans and help banks tide over mounting bad loans, the RBI Monday eased norms for structuring of existing long-term project loans to infrastructure and core industries.
Dec 15, 2014, 21:42 PM IST
Govt nod for continuation of interest subsidy for crop loans
Government Wednesday approved the continuation of interest subvention for short-term crop loans up to Rs 3 lakh to farmers at 7 percent per annum.
Dec 10, 2014, 23:23 PM IST
Banks may demand higher equity from highly leveraged firms: RBI deputy Mundra
Reserve Bank of India Deputy Governor S.S. Mundra said banks may demand higher equity from companies that are highly leveraged before offering fresh loans to such firms.
Dec 10, 2014, 13:34 PM IST
SBI for restoring 30% equity norm in debt recast
After RBI announced that it would soon come out with flexible norms for loan restructuring, SBI has demanded that it be allowed to convert up to 30 percent of debt into equity.
Dec 09, 2014, 22:41 PM IST
Guidelines soon for converting banks' NPAs to equity in cos
As banks seek to convert their distressed debt into equity in cases of corporate defaults on loans, financial regulators SEBI and RBI are in discussions to put in place a mechanism for such share purchases by lenders.
Dec 09, 2014, 22:27 PM IST
Axis Bank offers 20-year fixed home loan rate of 10.4%
Axis Bank on Tuesday launched a 20-year home loan scheme at a fixed rate of 10.40 percent for loans of up to Rs 50 lakh.
Dec 09, 2014, 19:49 PM IST
