When food inflation became main course on MPC menu

New Delhi, April 19 -- Concerns that volatile food prices could hurt the battle against inflation dominated the latest meeting of the central bank's rate-setting committee, minutes released on Friday ... Read More

RBI mandates regulatory approval for PoS providers to continue operations

MUMBAI, April 17 -- The Reserve Bank of India (RBI) has proposed that non-banks offering physical point of sale services (PoS) must notify the regulator of their intent to seek authorization within 60... Read More

ANZ ploughed capital into India in last two years. It is ready to do so again.

Mumbai, April 17 -- Australia and New Zealand Banking Group (ANZ) is ready to bring more capital into its India business, a top executive said, as confidence grows that the domestic economy will attra... Read More

Last-mile transmission a big hurdle to policy rate cut

Mumbai, April 13 -- What's holding back India's central bank from cutting policy rates? Apart from the pace of price rise that is yet to align with Reserve Bank of India's (RBI) target of 4%, there is... Read More

Mint Explainer: Behind the worst bank deposit crunch in nearly 20 years

New Delhi, April 9 -- Banks found it challenging to attract higher deposits in the financial year ended March (FY24). They faced competition not only from peers but also from alternative investment op... Read More

Indian banks are battling the worst deposit crunch in 20 years

Mumbai, April 8 -- Banks in India struggled to attract deposits in 2023-24 even as credit growth turned stronger. Data from RBI showed the credit-deposit ratio at its highest in at least 20 years as l... Read More

Mint Explainer: How the health of Indian banks has improved over the past decade

Mumbai, April 2 -- On Monday Prime Minister Narendra Modi said the condition of Indian banks and the wider banking sector has improved significantly over the past 10 years, during which the National D... Read More

PSBs level up, need good hands at top: FM Sitharaman

Mumbai, March 31 -- The government is nudging state-owned banks to be more professional in their functioning, Union minister for finance and corporate affairs Nirmala Sitharaman said, pointing out tha... Read More

Nirmala: GDP to grow 8%-plus this fiscal year

Mumbai, March 31 -- The Indian economy is expected to expand 8% or more in the last quarter of the current financial year, leading to an equivalent growth for the whole of FY24, finance minister Nirma... Read More

India GDP expected to grow 8% and above in March quarter and FY24, says FM Sitharaman

MUMBAI, March 30 -- The Indian economy is expected to grow at 8% or above in the last quarter of the current financial year, leading to an equivalent growth for the whole of fiscal year 2024 (FY24), f... Read More

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