The Reserve Bank of India is likely to keep interest rates unchanged at a review on June 7, but with inflation well below target its policy statement is likely to sound less hawkish than when the monetary policy committee last met
Read MoreOnce again thieves pull off an ATM heist in South Kashmir.
Read MoreThe Reserve Bank met heads and senior officials of various banks to discuss broad contours of tackling the issue of stressed assets
Read MoreIndian banks' stressed assets are likely to increase to 15 per cent of total loans by March 2018 even as their regulatory capital requirements will continue to rise till 2019
Read MoreReserve Bank will soon come out with final guidelines on customer protection which would limit customers liability in case of unauthorised electronic banking transactions
Read MoreGiven the ebbing inflation risks, the agency also expects the tone of the policy statement and the MPC minutes to be less hawkish than the one in April.
Read MoreThe Asian Development Bank will provide a $616 million loan to Bangladesh to help the south Asian nation meet its goal of providing 100 percent access to electricity to its citizens by 2021
Read MoreBanks classify an account as NPA if the interest due and charged on that account during a quarter is not serviced fully within 90 days from the end of the quarter.
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