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There's room for more rate cuts, says RBI Governor

Mumbai, Sept. 19 -- Reserve Bank of India governor Shaktikanta Das said there is room for further interest rate cuts to bolster economic growth given that inflation continues to remain within the cent... Read More


RBI caps term for banks' concurrent auditor at three years

Mumbai, Sept. 19 -- Reserve Bank of India (RBI) on Thursday revised the guidelines on concurrent audit system following the recommendations by an expert committee under Y.H. Malegam. According to the ... Read More


There's room for more rate cuts,?says RBI's Governor Shaktikanta Das

India, Sept. 19 -- Reserve Bank of India (RBI) governor Shaktikanta Das said there is room for further interest rate cuts to bolster economic growth given that inflation continues to remain within the... Read More


Moody's says Altico's default credit negative for banks with exposure to realty

Mumbai, Sept. 19 -- Rating agency Moody's on Thursday said real estate financier Altico Capital India Ltd's default is credit negative for banks with significant exposure to real estate sector. The de... Read More


Care Ratings downgrades Rana Kapoor's Morgan Credit

Mumbai, Sept. 18 -- Care Ratings has downgraded ratings of Morgan Credit Pvt Ltd (MCPL) to BBB minus from A minus on account of the fall in stock price of the underlying shares of YES Bank Ltd which a... Read More


RBI may not allow lenders to offer teaser home loans

New Delhi, Sept. 18 -- The Reserve Bank of India (RBI) is not likely to allow the return of teaser home loans, following the introduction of the external benchmark-linked loan pricing, a central bank ... Read More


Care Ratings revises Morgan Credit rating

Mumbai, Sept. 18 -- Care Ratings on Tuesday revised the rating of Morgan Credit Pvt Ltd to BBB minus from A minus on account of the fall in stock price of the underlying shares of Yes Bank Ltd, which ... Read More


RBI unlikely to allow teaser loans back into the system

Mumbai, Sept. 18 -- Reserve Bank of India is unlikely to allow banks to offer so called teaser home loans following the introduction of external benchmark-linked loan pricing, said a person aware of t... Read More


Small finance banks need minimum Rs.200 crore capital in on-tap licence regime

Mumbai, Sept. 13 -- The Reserve Bank of India on Friday allowed payments banks to apply for small finance bank (SFB) licences, provided they meet the criteria. According to the new draft guidelines fo... Read More


Minimum capital requirement to establish small finance bank set at Rs.200 crore

Mumbai, Sept. 13 -- Reserve Bank of India on Friday allowed payment banks to apply for a small finance bank (SFB) licence, provided it meets the fit and proper criteria. According to the new draft gui... Read More