The slowdown was primarily due to a 1.1% contraction in manufacturing, along with weaker private consumption demand and government expenditure.
Fiscal deficit touches 67.8% of full-fiscal target at end of January due to higher expenses and lower revenue realisations.
While banks are willing to continue with the sanctioned pipeline, opening the tap for new loans to the group will be difficult at this juncture.
Hindenburg Research releases report on 24 January, alleging Adani Group of engaging in “brazen stock manipulation and accounting fraud”. Here is how the events rolled out.
HDFC Bank will be paying a coupon of 5.686% for the three-year bonds. The USD denominated senior unsecured instruments will be redeemed on maturity on 2 March 2026.
The list includes Amazon Pay, Google, Reliance Payment Solutions, Zomato and Razorpay, among others; RBI considering 18 other applications, including PhonePe and BhartiPay Services.
CPI inflation remains above RBI’s upper tolerance limit of 6% since January 2022, barring the two months of November and December.
Government tells SC it wants to be allowed to provide details such as names and scope of panel’s mandate in a “sealed cover”.
Adani Ports and Special Economic Zone, Adani Transmission and Adani Green Energy pledged shares to SBICAP Trustee Co.
Finance Minister Nirmala Sitharaman said the country's regulators are very experienced and are seized of the matter relating to the Adani Group crisis.
Punjab National Bank and Bank of Baroda have raised their lending rates by up to 25 basis points following the interest rate hike by RBI earlier this week.
RBI slows rate hike to 25 basis points but indicates no pause yet; loans to get costlier.
The strength, size and resilience of Indian banking system is now much larger and much stronger to be affected by an individual incident or a case like this," RBI Governor Shaktikanta Das said.
Reserve Bank of India hikes repo rate by 25 basis points, taking it to 6.50%. Here is a list of the policy’s other key highlights.
Satyanarayana Raju replaces LV Prabhakar as MD & CEO of Canara Bank; Hardeep Singh Ahluwalia takes over as ED.
