Private lender Yes Bank has inked a tripartite agreement for on-lending $50 million loan from World Bank arm IFC to women entrepreneurs
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Rejecting calls for naming and shaming of all big defaulters, Reserve Bank Governor Raghuram Rajan on Tuesday said it will lead to undue panic and kill business activity.
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The central bank cut its repo rate by 25 basis points to 6.50 per cent at a policy review on Tuesday, making a widely expected first reduction since September to bring the rate to its lowest in more than five years
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The central bank is expected to cut its policy interest rate by a quarter percentage point on Tuesday, lowering it to a more than five-year low while dangling the prospect of another cut later this year if inflation trends stay benign
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The RBI, keen to see monetary policy be effective, on Tuesday is expected to cut the repo rate another 25 bps as India bids to revive investment and spur economic growth
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Reserve Bank will hold its first bi-monthly monetary policy review for 2016-17 on Tuesday. As far as inflation is concerned, while WPI has been in negative zone for past 16 months, CPI is hovering in the range of 5-6 per cent
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With inflation under check and the Union government sticking to its fiscal consolidation path, market expectations are that the central bank may cut interest rate by up to 0.50 per cent in its first bi-monthly monetary policy review for 2016-17 on Tuesday in order to propel growth
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The government will charge a fee of 0.2 per cent on the value of gold redemptions but the interest will be paid in cash
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