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HDFC sees business reverting to pre-covid levels

Mumbai, Oct. 5 -- Housing Development Finance Corporation Ltd (HDFC) on Monday said that the individual loan business has seen improvement in the second quarter, a sign that business is reverting to p... Read More


SC defers hearing on waiver of interest on interest charges to 13 October

MUMBAI, Oct. 5 -- The Supreme Court on Monday granted the Reserve Bank of India and the Centre a week's time to file additional affidavits on the issue of waiving off compound interest for the morator... Read More


Reserve Bank rejects bids under open market operations, announces Operation Twist

MUMBAI, Oct. 2 -- The Reserve Bank of India (RBI) on Thursday, 24 September, rejected all bids received in its first outright bond purchase of the fiscal year and announced another edition of Operatio... Read More


Yields drop a bit amid doubts over future borrowing

New Delhi, Oct. 2 -- The 10-year government bond yield on Thursday closed lower by 2 basis points from the previous close of 6.01%, a day after the Union government announced its half-yearly borrowing... Read More


Turmoil at Lakshmi Vilas Bank puts Clix deal in jeopardy

New Delhi, Sept. 30 -- Clix Capital, which was in advanced talks with Lakshmi Vilas Bank (LVB) for a potential merger, may approach the Reserve Bank of India (RBI) for clarity on the future of the dea... Read More


India posts record current account surplus at $19.8 billion in April-June

MUMBAI, Sept. 30 -- India recorded a record current account surplus of $19.8 billion during April-June due to a steeper decline in imports when compared to exports. The quarter also saw a drop in net ... Read More


RBI defers Basel III provisions amid covid uncertainty

Mumbai, Sept. 29 -- The Reserve Bank of India on Tuesday deferred implementation of provisions made under Basel III capital due to uncertainty related to Covid crisis. In two separate notifications, ... Read More


RBI defers monetary panel meet

New Delhi, Sept. 29 -- The Reserve Bank of India (RBI) on Monday abruptly postponed a meeting of its monetary policy committee (MPC) scheduled to begin Tuesday, puzzling a market waiting for its views... Read More


RBI postpones MPC meeting as key posts remain vacant

Mumbai, Sept. 29 -- The Reserve Bank of India (RBI) on Monday abruptly postponed a meeting of its monetary policy committee (MPC), scheduled to begin on Tuesday, puzzling a market waiting for its view... Read More


RBI postpones MPC meeting as crucial posts remain vacant

Mumbai, Sept. 29 -- The Reserve Bank of India (RBI) on Monday abruptly postponed a meeting of its monetary policy committee (MPC), scheduled to begin on Tuesday, puzzling a market waiting for its view... Read More