An internal working group (IWG) of the Reserve Bank of India on agricultural credit has recommended the Central and state governments to avoid farm loan waivers.
According to the report of the 'Internal Working Group to Review Agricultural Credit', Central and state governments...
India's gross domestic product (GDP) growth has slowed down to 5% in first quarter (Q1) of FY2020 from 5.8% in Q4 of FY2019 due to slowing down of consumption, low automobile sales, deceleration in air traffic movements and declining government capex. Under the circumstances, the Reserve Bank...
In a bid to boost demand and growth, the RBI's Monetary Policy Committee (MPC) on Wednesday announced 35 bps cut in repo rate, which eventually is expected to be transmitted to retail loans. However, a look at the recent past shows that rate cuts by the central bank are transmitted further to...
The Reserve Bank of India (RBI) on Wednesday reduced its repo rate (short-term lending) by 35 basis points (bps) to 5.40% in its third bi-monthly monetary policy review for 2019-20.
Following the move, the reverse repo rate (short-term borrowing) stands at 5.15%. Subsequently, the...
The Reserve Bank of India (RBI) imposed monetary penalty on 11 banks for non-compliance with provisions of “Frauds classification and reporting by commercial banks and select financial institutions (FIs)”. Public sector banks (PSBs), such as State Bank of India (SBI), Punjab National Bank...
