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RBI asks non-bank lenders to appoint risk officers

Finance

17 May, 2019

RBI asks non-bank lenders to appoint risk officers

Indian shadow banks with more than 50 billion rupees ($714 million) in assets must appoint a chief risk officer, the ......

Rupee outlook worsens as election results draw near

Finance

03 May, 2019

Rupee outlook worsens as election results draw near

The outlook for India's rupee has deteriorated from just a month ago as the outcome of a more than month-long ......

Raghuram Rajan seen as a contender for Bank of England chief

Finance

25 April, 2019

Raghuram Rajan seen as a contender for Bank of England chief

Britain is searching for a new governor of the Bank of England to succeed Mark Carney in early 2020. Chancellor Philip ......

Indian junk bonds make a comeback as sales soar to five-year high

Finance

23 April, 2019

Indian junk bonds make a comeback as sales soar to five-year high

Sales of Indian junk bonds have made a big comeback in 2019, almost tripling to hit a five-year high, boosted ......

After SC order, RBI to issue fresh circular on bad debt resolution

Economy

04 April, 2019

After SC order, RBI to issue fresh circular on bad debt resolution

The Reserve Bank of India (RBI) said on Thursday it would issue a revised circular on the resolution of stressed ......

RBI cuts repo rate by 25 basis points to 6%

Economy

04 April, 2019

RBI cuts repo rate by 25 basis points to 6%

The Reserve Bank of India (RBI) cut its benchmark interest rate by 25 basis points on Thursday, in a widely expected move ......

Govt may direct state-run banks on bad debt after court's rejection of RBI rules

Finance

04 April, 2019

Govt may direct state-run banks on bad debt after court's rejection of RBI rules

The government could issue directions to state-run banks to resolve corporate default cases and ensure there is no tampering with ......

Stressed assets resolution to stretch as top court quashes RBI rules on bad loans

Finance

02 April, 2019

Stressed assets resolution to stretch as top court quashes RBI rules on bad loans

India's top court on Tuesday struck down the Reserve Bank of India's February 12, 2018 circular on bad loans, a ......

RBI tweaks bad loans divergence norms

Finance

01 April, 2019

RBI tweaks bad loans divergence norms

The Reserve Bank of India (RBI) said on Monday banks should disclose bad loan divergences if the additional provisioning has ......

Rupee at seven-month high, further gains on the cards

Economy

18 March, 2019

Rupee at seven-month high, further gains on the cards

The Indian rupee rose to its highest in more than seven months on Monday, boosted by strong dollar inflows while ......