Multinational firms have sought 12 months to comply with the RBI’s regulations.
RBI has given no indication of an extension in the deadline of its new local data storage rules which kick-in on Monday.
SBI’s decision to buy NBFC loans will help ease liquidity but may make business sense for SBI too, say analysts.
The strain in the NBFC sector is more a repricing than a crisis, says Neelkanth Mishra of Credit Suisse
No rate change but change in stance.
The MPC is expected to hike rates by 25 basis points but the decision will be a tricky one.
Should the inflation-targeting MPC attempt to tackle issues beyond its mandate? Or should it leave that to the RBI?
State-owned oil marketing companies can raise ECBs from all authorised lenders for working capital needs.
New CEOs at Axis Bank and Yes Bank while ICICI Bank’s leadership is in limbo.
The PSU bank consolidation we are seeing now is more a necessity than a reform.
Montek Singh Ahluwalia feels the global financial system may not be more robust even a decade after the collapse of Lehman.
The latest bout of weakness in the rupee is driven more by sentiment than any further weakness in fundamentals.
YV Reddy believes that India should have used the period of low oil prices better to help reduce vulnerabilities of the economy.
Comments from different sources can send confusing signals to the market, YV Reddy said.
D Subbarao recalls how the RBI dealt with the collapse of Lehman Brothers and its aftermath.
Urjit Patel’s attempt to clean-up all aspects of Indian banking could be his lasting legacy.
India Post Payments Bank will launch on September 1.
Liberty House is willing to invest $5-10 billion to acquire stressed assets in India.
India Post Payment Bank has a unique proposition of offering an offline and online presence to its customers.
At least four of six MPC members highlighted the need to bring down inflation to near 4% as a reason for voting for a rate hike.
Kotak Mahindra Bank’s failed attempt to cut promoter shareholding raises a larger debate over bank ownership