RBI seen going for rate cut in August MPC meeting

With inflation falling to record low levels and industrial growth slipping to below 2%, bankers and economists feel the pressure has increased on the Reserve Bank of India to go for a policy rate cut in the monetary policy committee meeting next month. The six-member monetary policy committee (MPC) headed by RBI governor Urjit Patel will meet on 1-2 August […]

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Bankers hail RBI move to Name top dud Loans

Bankers have welcomed the Reserve Bank move to identify 25 per cent of the top non-performing accounts for immediate resolution under the Insolvency and Bankruptcy Code (IBC).  The central bank had said its internal advisory committee (IAC), which met on June 12, decided to focus on large stressed accounts and accordingly took up for consideration the accounts which were classified partly or wholly as bad loans […]

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Banking Sector round-up: RBI keeps repo rate unchanged, SBI cuts home loan rate

The Reserve Bank of India's bi-monthly policy meeting kept the sector in news this week. Despite the pause in interest rates, Governor Urjit Patel disclosing a denial of MPC meeting proposed by the Finance Ministry did raise a lot of murmur of a potential disagreement between the North Block, Delhi and Mint Street in Mumbai. Here are the key highlights: […]

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