Yes Bank on Tuesday revised its growth estimate for India for the financial year 2021-22 to 8.5 per cent.
India's total coronavirus infections have risen to 21.5 million, of which about a third were added since mid-April
Rabi Sankar now joins Mahesh Kumar Jain, Michael Patra and Rajeshwar Rao as the fourth deputy governor of the central bank
In the Indian context, attracting talent remains a big issue because tech folks are used to work in new-age entities like an Amazon, Facebook, Google or a Flipkart
Here are the best of Business Standard's opinion pieces for Monday
In 1977, the Janata government asked him to leave and made Narasimham governor for five months
Banks could pay maximum 50% of dividend from their profits in 2020-21; no such restriction on cooperative banks
The impact of broader lockdowns on the economy could be substantial, depending on their length and scope, S&P said in a statement
Status quo expected on Wednesday, but guidance will hold the key for bond market
India's largest private sector lender said in a regulatory filing its domestic retail loans in Q4FY21 grew by 7.5% YoY
Against expectations of getting a second extension, the senior-most deputy governor BP Kanungo retired from the Reserve Bank on completion of his one-year extension on Friday. Kanungo joined the RBI in 1982 and was in charge of currency management, external investments, operations, payment, and settlement system, among others, during the four-year term as the deputy governor, which began in April 2017. The government had appointed him as a deputy governor in March 2017 when Urjit Patel was the governor and he took charge on April 3, 2017, for a three-year term ending April 2, 2020, but was given a one-year extension. There was an expectation that he might a second extension after the government had cancelled interviews for the post of the deputy governor, scheduled for March 10. As deputy governor, Kanungo headed the departments of currency management, external investments & operations, government & bank accounts, information technology, payments & settlement systems, ...
Banks seem to be doing better as India's economy recovers from the Covid-19 devastation. But be prepared for shocks when a true picture emerges, writes Devangshu Datta
Special securities shall be non-interest bearing and no interest shall be payable on issue of the securities
Loan Moratorium verdict: It also declared that compound interest will not be charged for the period of moratorium.
The move comes at a time when the central bank is working on digital currency
RBI sold some of 10-year debt at 6.22 per cent on Friday, compared with about 6 per cent in previous auctions
Indian banks, particularly state banks, remained more risk-averse than in prior years, which was reflected in their weak credit growth
Skepticism is high about "Retail Direct" because previous attempts at bringing public debt to the masses haven't gone anywhere