As RBI takes a hard money turn, companies, consumers, banks and governments will have to shift to new ways. Will we be able to balance between inflation and growth or are we headed towards stagflation?
RBI rejects applications for on-tap licences of six firms, including that of Flipkart founder Sachin Bansal.
Canara Bank is planning to float a credit card subsidiary in the next 2-3 quarters; is also open to roping in a partner in the venture.
.Indian rupee falls to all-time low of 77.63 against US dollar amid negative forces from around the world; could edge closer to 79 mark in next couple of months.
Even as RBI Governor Shaktikanta Das announced a sharp hike in repo rate and CRR, hell broke loose and there was panic selling in the bond and equity markets.
Punjab National Bank will reprice its lending and deposit rates, lower non-performing loans, elevate recoveries and transfer Rs 2,700 cr of bad loans to NARCL in first phase, said CEO Atul Kumar Goel.
State Bank of India hikes MCLR by 10 basis points across tenures; joins long list of banks who have lifted their lending rates, raising concerns among borrowers that loans would get costlier as RBI sets out to tame inflation.
As RBI begins an aggressive rate hike cycle, banks will reprice their risks; inflation may continue to remain high for some time.
Bank of Baroda flip-flops on lending rate, giving up policy of bringing down home loan pricing in matter of days as RBI hiked repo.
HDFC Bank plans to add between 700 and 1,000 branches a year to improve its deposit franchise even as it awaits regulatory approval for the merger of its parent, HDFC Ltd, with itself.