Business Tit-Bits: Interest rate cut, so what?
In an effort to give a boost to the the economy, the Reserve Bank of India (RBI) on Friday reduced its key policy rate for...
Tag : RBI
RBI cuts Repo Rate to 5.15% – lowest since March 2010 , reduces GDP growth estimate
RBI reduced the economic growth rate estimate to 6.1% for the current financial year (2019-20). The last estimate of growth was 6.9%. New Delhi|...
PMC Bank Scam: ED registers money laundering case, raids 6 locations in Mumbai
The HDIL group and PMC official nexus came into the light after the RBI put restrictions on the bank. Reportedly, out of the total loan...
Business Headlines: Will Yes Bank become the next PMC?
The country’s fourth largest private lender Yes Bank is in the midst of a crisis. It is staring at a crisis of both trust and...
As account holders panic, RBI says Indian Banking system is completely safe
RBI tweeted that it would like to assure the general public that the Indian banking system is safe and stable and there is no need...
Business Headlines: Can the government handle Rajan’s criticism?
Renowned economist and ex RBI governor Dr Raghuram Rajan via an essay released on his blog, criticised the government on its inability to deal with...
Governments that are intolerant towards criticism make mistake: Raghuram Rajan
Raghuram Rajan said that being lost in historical achievements, opposing foreign ideas and feeling of insecurity about foreigners has a bad effect on economic development....
HW Exclusive: PNB, ILFS, now PMC- How RBI is failing India
With the five page confession letter dt. 21.09.19 to the RBI of Joy Thomas, the former MD of the crisis ridden PMC Coop. Bank, out...
Pressured to meet the Fiscal Deficit target, Modi govt may seeks Rs 30,000 crores interim dividend from RBI
The RBI paid Rs 28,000 crores as interim dividend to govt during the last fiscal year. It paid Rs 10,000 crores as interim dividend in...
Business Tit-Bits: The Corrupt Brigade
The Narendra Modi government at the centre has now compulsorily retired 15 senior income tax officials due to corruption. This action on corrupt officials has...