NEWS

RBI cuts GDP forecast, markets fall from new peaks

RBI cuts GDP forecast, markets fall from new peaks

RBI cut GDP growth forecast for FY22 to 9.5% from earlier estimate of 10.5% due to impact of Covid, leaving markets to retreat from new peaks; key policy rates left unchanged.

  • 04 June 2021
RBI cut GDP growth forecast for FY22 to 9.5%

RBI cut GDP growth forecast for FY22 to 9.5%

RBI cut GDP growth forecast for FY22 to 9.5% from earlier estimate of 10.5% due to impact of Covid, leaving markets to retreat from new peaks; key policy rates left unchanged.

  • 04 June 2021
RBI leaves repo rate unchanged

RBI leaves repo rate unchanged

Loan borrowers cheer as RBI leaves benchmark interest rate unchanged at a record low at 4%; reverse repo rate also kept unchanged at 3.35%.

  • 04 June 2021
PNB cuts one-year MCLR by 0.05%

PNB cuts one-year MCLR by 0.05%

Punjab National Bank cuts MCLR across select tenors; one-year MCLR is cut by 0.05% to 7.30%.

  • 02 June 2021
DHFL: Wadhawan moves SC against NCLAT order

DHFL: Wadhawan moves SC against NCLAT order

DHFL erstwhile promoter Kapil Wadhawan moves SC against NCLAT’s order staying ruling of NCLT, which asked banks to consider his settlement offer.

  • 02 June 2021
PNB Housing Finance lines up Aditya Puri, Carlyle as investors

PNB Housing Finance lines up Aditya Puri, Carlyle as investors

    PNB Housing Finance will raise up to Rs 4,000 cr; Punjab National Bank to no longer be majority shareholder.

    • 01 June 2021
    RBI fines HDFC over auto loan violations

    RBI fines HDFC over auto loan violations

    Fine of Rs 10 cr is largest ever imposed by RBI on HDFC Bank; car loans were bundled with expensive GPS tracking device from a particular seller.

      • 30 May 2021
      RBI flags risk of 'bubble' in Indian stocks

      RBI flags risk of 'bubble' in Indian stocks

      Asset price inflation in context of estimated 8% contraction in GDP in 2020-21 poses risk of a bubble, says RBI.

      • 28 May 2021
      RBI flags risk of 'bubble' in Indian stocks

      RBI flags risk of 'bubble' in Indian stocks

      Asset price inflation in context of estimated 8% contraction in GDP in 2020-21 poses risk of a bubble, says RBI.

      • 27 May 2021
      RBI’s balance sheet up 7% in nine months

      RBI’s balance sheet up 7% in nine months

      RBI’s balance sheet size is up 6.99% to Rs 57,07,669.13 crore during the nine-month period ended 31 March 2021.

      • 27 May 2021
      Bank frauds 25% less in a year amidst Covid-19: RBI

      Bank frauds 25% less in a year amidst Covid-19: RBI

      Bank frauds in Covid-19 year fall 25% in value terms to Rs 1.38 lakh crore, according to RBI data; number of cases also fall.

      • 27 May 2021
      NCLAT stays NCLT order on Wadhawan's offer

      NCLAT stays NCLT order on Wadhawan's offer

      National Company Law Appellate Tribunal stays NCLT order directing DHFL lenders to consider settlement offer made by mortgage firm’s former promoter Kapil Wadhawan.

      • 26 May 2021
      DHFL lenders challenge NCLT order on Wadhawan offer

      DHFL lenders challenge NCLT order on Wadhawan offer

      DHFL lenders appeal in NCLAT against NCLT’s order which directs them to consider an offer made by former promoter Kapil Wadhawan.

      • 25 May 2021
      RBI's Rs 99,122 cr dividend payout to govt higher than expected

      RBI's Rs 99,122 cr dividend payout to govt higher than expected

      RBI to make its second-highest annual transfer of surplus to the govt; this may not be adequate to absorb revenue losses due to Covid-19.

      • 22 May 2021
      NCLT asks DHFL creditors to consider Wadhawan’s settlement offer

      NCLT asks DHFL creditors to consider Wadhawan’s settlement offer

      NCLT directs lenders of DHFL to consider settlement offer from the company’s ousted promoter Kapil Wadhawan.

        • 20 May 2021