loans

Barring auto, even retail loans see spike in bad loans: Report

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%

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

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

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

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

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

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

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

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

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 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

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

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%

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

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
Arun Jaitley says no plan to tax farm income

Arun Jaitley says no plan to tax farm income

India`s finance minister Arun Jaitley said on Wednesday that the government has no plans to tax agricultural income, a day after a senior economic adviser touched a political nerve by proposing farmers pay income tax like people in cities.

Apr 26, 2017, 20:59 PM IST

RBI promises more effective steps to tackle NPA pains

The former commercial banker cautioned that the current situation will put a pressure on capital for the banks, especially for the state-run ones.

Apr 06, 2017, 18:51 PM IST
Favourable domestic factors to accelerate growth: RBI

Favourable domestic factors to accelerate growth: RBI

The Reserve Bank of India on Thursday said economic growth in the current fiscal will accelerate to 7.4 percent compared to 6.7 percent in 2016-17 on the back of several favourable domestic factors and improvement in global environment.

Apr 06, 2017, 16:25 PM IST