Mint Explainer: What the Fed's rate cut means for India's markets, the rupee, and RBI policy

Mumbai, Sept. 18 -- The US Federal Reserve on Wednesday cut its benchmark interest rate by 25 basis points (bps), the first such reduction since December. Fed Chair Jerome Powell has hinted that more ... Read More

Mint Explainer | Why RBI cancelled NBFC licences linked to Vijay Mallya

New Delhi, Sept. 18 -- The Reserve Bank of India (RBI) recently said it has revoked the licences of 31 non-bank financial companies (NBFCs), including two little-known Kolkata-based firms linked to fu... Read More

The events leading up to State Bank of India's stake sale in Yes Bank

Mumbai, Sept. 17 -- India's largest lender State Bank of India (SBI) on Wednesday said it has completed the sale of 13.18% stake in Yes Bank Ltd to Japanese lender Sumitomo Mitsui Banking Corp. (SMBC)... Read More

Bank gold loans on a tear as customers want more for their pledge

New Delhi, Sept. 15 -- Lenders are shovelling out gold loans as customers juice soaring gold prices, even as barriers rise in personal loans and credit cards. Banks handed out more gold loans than an... Read More

King gold trounces rivals in retail lending conquest

mumbai, Sept. 15 -- Lenders are shovelling out gold loans as customers juice soaring gold prices, even as barriers rise in personal loans and credit cards. Banks handed out more gold loans than any ot... Read More

Corporate funding slows as firms turn from bank loans to bonds, equity

Mumbai, Sept. 8 -- Indian companies borrowed less from banks in FY25 and turned instead to alternate fundraising sources such as corporate bonds and equity, showed recent data released by the Reserve ... Read More

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