Covid-19, growth concerns push Sensex 635 pts down, Nifty below 18,200

CLOSING BELL: The Pharma index advanced over 2 per cent today as diagnostics and healthcare firms climbed amid rising Covid-19 cases globally

12:07 PM

Finance sector suffers from 'hyperactive regulatory activity': M Damodaran

“Post 2008, financial sector regulation is suffering from excessive activity. There has been hyperactive regulatory activity in order to justify one's existence. It is just not regulators but includes rating agencies and investment bankers, and others in the financial sector, which are suddenly making out a case to show that they are relevant, counted and are a part of the solution and not the problem. You need regulations that are simpler and don’t get changed, have continuity and clarity,” he said. READ MORE

11:52 AM

BS BFSI Summit LIVE: India remains better placed than other economies amid global turmoil, says RBI guv

11:45 AM

BS BFSI Summit LIVE: Union Budget not a key pivot for monetary policy action, says RBI Guv

For monetary policy, what matters is that we manage inflation and growth, says Shaktikanta Das

MPC will do whatever is in the best interest of the economy.

11:40 AM

BS BFSI Summit LIVE: Timely evocation of IBC provision for stressed assets crucial, says RBI Guv

It is important to identify a stressed asset and timely refer to IBC. This is improving as opposed to earlier when IBC would be evoked after there is not much to revive from an asset, says RBI governor Das.

11:35 AM

BS BFSI Summit LIVE: RBI has deepened scrutiny of banks, says governor Das

11:32 AM

BS BFSI Summit LIVE: Weighted average deposit rates up 150 bps; continue to rise gradually, says Das

11:31 AM

BS BFSI Summit LIVE: Weighted average lending rate on fresh loans up by 117 bps, says Das

11:30 AM

BS BFSI Summit LIVE: Deposit growth also appears low due to high base of last year, says Das

11:28 AM

BS BFSI Summit LIVE: Current credit growth is far from economic exuberance, says Das

11:27 AM

BS BFSI Summit LIVE: Current credit growth of 17% in on low base, pent-up demand, says Shaktikanta Das

11:23 AM

BS BFSI Summit LIVE: Direction & speed underlining inflation of key importance for RBI, says Das

11:23 AM

BS BFSI Summit LIVE: Cautious on India GDP due to global headwinds, says RBI Guv

11:22 AM

BS BFSI Summit LIVE: Monetary policy is guided by the movement in inflation, says Das

11:19 AM

BS BFSI Summit LIVE: Actions of the US Fed one of the factors guiding domestic situation, says Das

11:19 AM

BS BFSI Summit LIVE: India's monetary policy governed by domestic factors; not US Fed action, says Das