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Two weeks after withdrawal curbs, PMC Bank customers continue to suffer

New Delhi, Oct. 11 -- Two weeks after the Reserve Bank of India (RBI) imposed restrictions on Punjab and Maharashtra Co-operative Bank Ltd's (PMC Bank) and its customers, things may be limping back to... Read More


SBI slashes lending rates by 10 basis pts across tenures

Mumbai, Oct. 10 -- Less than a week after the Reserve Bank of India (RBI) lowered policy rates, the State Bank of India (SBI) on Wednesday cut lending and deposit rates citing adequate liquidity situa... Read More


State Bank of India cuts lending rates by 10bps across tenures

Mumbai, Oct. 10 -- Less than a week after the Reserve Bank of India (RBI) lowered policy rates, the State Bank of India (SBI) on Wednesday cut lending and deposit rates citing adequate liquidity situa... Read More


Patterns behind the PMC Bank meltdown

Mumbai, Oct. 7 -- On 2 October, hundreds of members from the Sikh community gathered at the Guru Nanak School in GTB Nagar in Mumbai. The tension in the hall was palpable at a meeting of depositors of... Read More


RBI cuts key repo rate by 25 bps, 5th cut this year

Mumbai, Oct. 5 -- The Reserve Bank of India (RBI) on Friday cut the key policy rate to its lowest levels in nearly a decade, stepping up its efforts to kickstart an economy growing at its slowest pace... Read More


RBI cuts key repo rate by 25 bps, 5th cut this year

Mumbai, Oct. 5 -- The Reserve Bank of India (RBI) on Friday cut the key policy rate to its lowest levels in nearly a decade, stepping up its efforts to kickstart an economy growing at its slowest pace... Read More


RBI cuts repo rate by 25 bps to 5.15%

Mumbai, Oct. 4 -- The Reserve Bank of India's monetary policy committee (MPC) on Friday announced a 25 basis points cut in its policy rates while maintaining an accommodative policy stance till the ti... Read More


RBI goes for a fifth straight rate cut

Mumbai, Oct. 4 -- The Reserve Bank of India on Friday cut interest rates for the fifth time in a row in an attempt to give a renewed push to a slowing economy, and said it will maintain an accommodati... Read More


RBI Policy: Five things to watch out for from

Mumbai, Oct. 4 -- The Reserve Bank of India's monetary policy committee will announce its policy decision today. With the market divided over the quantum of repo rate cut, Mint takes a look at the 5 t... Read More


Large withdrawals led to Reserve Bank's restrictions on PMC Bank

MUMBAI, Oct. 4 -- Large withdrawals of deposits from Punjab & Maharashtra Co-operative Bank (PMC Bank) in a span of two-three days forced the Reserve Bank of India (RBI) to put curbs on the troubled b... Read More