The appointments committee of the cabinet approves extension of terms of PNB’s Mallikarjuna Rao, Bank of Maharashtra’s AS Rajeev and UCO Bank’s Atul Goel.
Nirmala Sitharaman unveils district-wise credit outreach program to push bank loan growth from Oct; says too early to conclude if there is lack of demand for credit.
Students can avail SBI Global Ed-Vantage loan starting from Rs 7.50 lakh to Rs 1.50 cr; interest rate will be 8.65%, with 0.50% concession for women.
Finance Minister Nirmala Sitharaman unveiled Rs 6 lakh cr National Monetisation Pipeline that will look to unlock value in infrastructure assets across sectors ranging from power to road and railways.
RBI Governor Shaktikanta Das said economy is struggling to regain momentum that had gathered in 2nd half of 2020-21; need also to monitor price situation.
IBA moves application to RBI seeking licence to set up Rs 6,000-cr NARCL; licence may be obtained after a few weeks.
Jayanth Varma believes reverse repo rate of 3.35% is no longer appropriate; persistent high inflation means that monetary accommodation has to be restrained, he says.
The Reserve Bank of India has introduced an index to measure financial inclusion in the country for the first time.
NBFCs and housing finance firms are major beneficiaries of RBI’s long-term repo operations; their funding flow was impacted after IL&FS and DHFL ran into trouble.
In its 2021-22 inflation forecast, the RBI had earlier this month raised it to 5.7% from 5.1%.
Canara Bank on 17 August opened its QIP to raise up to Rs 2,500 cr and set the floor price of the issue at Rs 155.58 per equity share.
Wholesale price-based inflation cools for second consecutive month to 11.16% in July as food turns cheaper.
Central Bank of India will provide aqua financing to expand its agri-loan portfolio.
India’s industrial output eased to 13.6% in June as against 16.6% contraction a year ago during which period there was nationwide lockdown due to spread of Covid.
