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
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Once again thieves pull off an ATM heist in South Kashmir.
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The Reserve Bank met heads and senior officials of various banks to discuss broad contours of tackling the issue of stressed assets
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Indian 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
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Reserve Bank will soon come out with final guidelines on customer protection which would limit customers liability in case of unauthorised electronic banking transactions
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Given 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.
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The 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
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Banks 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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