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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.

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.

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.

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.

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.

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.

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.

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.

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.

RBI monetary policy review of 2017-18: Key highlights

RBI monetary policy review of 2017-18: Key highlights

RBI left its benchmark lending rate unchanged at 6.25 percent for the third policy review in a row citing upside risk to inflation.

Need a well capitalised banking sector to support economy: RBI Guv Urjit Patel

Need a well capitalised banking sector to support economy: RBI Guv Urjit Patel

Stating that liquidity has surged in the system post demonetisation, Patel said that RBI will continue to provide sufficient liquidity through LAF.

RBI Monetary Policy: Urjit Patel brings no respite to borrowers; hikes reverse repo rate to 6%

RBI Monetary Policy: Urjit Patel brings no respite to borrowers; hikes reverse repo rate to 6%

RBI kept its repo rate unchanged at 6.25 percent for a third consecutive policy meeting on Thursday while it has raised the reverse repo rate.

RBI monetary policy to be presented today; likely to hold interest rates

RBI monetary policy to be presented today; likely to hold interest rates

The Monetary Policy Committee, headed by RBI Governor Urjit Patel, began its 2-day meeting yesterday amid experts saying that the central bank is likely to hold the rate.

RBI monetary policy review: Change in interest rates unlikely

RBI monetary policy review: Change in interest rates unlikely

The Reserve Bank of India (RBI) is likely to keep interest rates unchanged at its first bi-monthly monetary policy review of this fiscal due on Thursday.

Waive loans of all drought affected farmers: Madras HC to Tamil Nadu govt

Waive loans of all drought affected farmers: Madras HC to Tamil Nadu govt

In a significant order, the Madras High Court on Tuesday directed the Tamil Nadu government to waive loans of all drought-hit farmers and restrained cooperative societies and banks from recovering their dues.

Less than 2% loan outstanding against Vijay Mallya recovered so far

Less than 2% loan outstanding against Vijay Mallya recovered so far

Public sector banks have been able to recover only a fraction of the more than Rs 8,000 crore loan outstanding against embattled businessman Vijay Mallya, Parliament was informed on Tuesday.

Have become a political football between two major Indian political parties as evident in election speeches: Vijay Mallya

Have become a political football between two major Indian political parties as evident in election speeches: Vijay Mallya

Vijay Mallya, the beleaguered liquor baron who co-owns the Force India Formula One team, said on Wednesday that Indian authorities had no grounds to extradite him from Britain and he would not be leaving.

IDBI Bank Q3 loss widens to Rs 2,255 crore as bad loans soar

IDBI Bank Q3 loss widens to Rs 2,255 crore as bad loans soar

Public sector lender IDBI Bank's net loss widened further to Rs 2,254.96 crore in the third quarter of 2016-17 due to higher provisions for rising bad loans and fall in income.

IDBI Bank reduces MCLR by up to 0.35%; effective February 1

IDBI Bank reduces MCLR by up to 0.35%; effective February 1

State-run IDBI Bank Monday said it has reduced its marginal cost of funds based lending rate (MCLR) by 30-35 basis points across various tenors, effective February 1.

Efficiencies make HDFC Bank staff count drop by 4,581 in Q3

Efficiencies make HDFC Bank staff count drop by 4,581 in Q3

Country's second biggest private lender HDFC Bank has rationalised its staff by 4,581 employees in a single quarter courtesy efficiencies in the system and lower hiring.