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Cabinet approves proposal for increase in authorised capital, equity suppo
Updated : 6 years, 3 months ago IST
New Delhi [India], Dec 11 (ANI): Union Cabinet has approved the proposal for providing additional equity support to India Infrastructure Finance Company Limited (IIFCL) to the tune of Rs 5,300 crore in financial year 2019-20 and Rs 10,000 crore in financial year 2020-21.
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SBI reports bad loan divergence of Rs 11,932 crore for FY19
Updated : 6 years, 3 months ago IST
Mumbai (Maharashtra) [India], Dec 10 (ANI): Government-owned State Bank of India (SBI) on Tuesday reported bad loan divergence of Rs 11,932 crore for the last financial year.
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Zestmoney partners with MiCredit, launches small ticket loans
Updated : 6 years, 3 months ago IST
Bengaluru (Karnataka) [India], Dec 7 (ANI/NewsVoir): ZestMoney, India's first and largest AI-driven EMI financing platform announced the company's foray into cash loans with Xiaomi.
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Sensex slips 71 points as RBI holds repo rate, lowers FY20 growth forecast
Updated : 6 years, 3 months ago IST
Mumbai (Maharashtra) [India], Dec 5 (ANI): Equity benchmark indices witnessed volatile session and ended lower on Thursday after the Reserve Bank of India (RBI) surprised by keeping its interest rates unchanged.
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Industry leaders disappointed over no change in interest rates
Updated : 6 years, 3 months ago IST
Mumbai (Maharashtra) [India], Dec 5 (ANI): Divergent industry views emerged after the Reserve Bank of India (RBI) on Thursday kept repo rate unchanged at the current level of 5.15 per cent and lowered its GDP forecast to 5 per cent for the current financial year 2019-20.
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Downgrading of GDP forecast to 5 pc for FY20 by RBI is unprecedented: Chid
Updated : 6 years, 3 months ago IST
New Delhi [India], Dec 5 (ANI): As the Reserve Bank of India (RBI) revised gross domestic product (GDP) growth projection for the current financial year 2019-20 to 5 per cent from its earlier forecast of 6.1 per cent, former Finance Minister and senior Congress leader P Chidambaram said that
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After PMC debacle, RBI to issue draft norms for cooperative banks
Updated : 6 years, 3 months ago IST
Mumbai (Maharashtra) [India], Dec 5 (ANI): The Reserve Bank of India (RBI) said on Thursday it will take steps to strengthen the safety of depositors dealing with cooperative banks.
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RBI maintains repo rate at 5.15 pc, lowers GDP forecast to 5 pc for FY20
Updated : 6 years, 3 months ago IST
Mumbai (Maharashtra) [India], Dec 5 (ANI): The Reserve Bank of India (RBI) on Thursday kept repo rate unchanged at the current 5.15 per cent level but revised gross domestic product (GDP) growth projection for the current financial year 2019-20 to 5 per cent from its earlier forecast of 6.1
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RBI keeps repo rate unchanged, revises GDP growth projection to 5 pc from
Updated : 6 years, 3 months ago IST
Mumbai (Maharashtra) [India], Dec 5 (ANI): The Reserve Bank of India (RBI) on Thursday kept the repo rate unchanged at the current 5.15 per cent level but revised gross domestic product (GDP) growth projection to 5 per cent from 6.1 per cent for the current financial year 2019-20.
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Equity indices trade higher ahead of RBI policy meet outcome
Updated : 6 years, 3 months ago IST
Mumbai (Maharashtra) [India], Dec 5 (ANI): Equity benchmark indices were in the positive terrain during early hours on Thursday ahead of a widely expected interest rate cut by the Reserve Bank of India (RBI).
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Sensex closes 175 points higher ahead of RBI monetary policy
Updated : 6 years, 3 months ago IST
Mumbai (Maharashtra) [India], Dec 4 (ANI): Equity indices closed in the green on Wednesday amid expectations of another interest rate cut by the Reserve Bank of India (RBI) and report that the United States and China are moving closer to a trade deal.
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Sensex drags lower by 127 points, metals and banking stocks top losers
Updated : 6 years, 3 months ago IST
Mumbai (Maharashtra) [India], Dec 3 (ANI): Fresh trade war fears and profit-booking by traders led equity indices to fall on Tuesday amid expectations of another interest rate cut by the Reserve Bank of India (RBI) later this week.
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