Budget 2020

Q2 GDP shows India officially in recession but sequential improvement points to an economy on the mend

India’s economy officially entered into recession as the second quarter GDP contracted at a slower pace of 7.5 per cent compared to a massive 23.9 per cent in the first quarter of the current fiscal. The GVA declined by 7 per cent. The surprise was thrown by good performance by the manufacturing sector that showed […]

Budget 2020

SBI Cards shines finally, grows to half of SBI m-cap: Which one should you buy?

Money is chasing momentum on Dalal Street, and one of the big beneficiaries has been SBI Cards and Payments, the only listed credit card company, even as its parent firm State Bank of India (SBI) wallows in investors’ neglect. With a 32 per cent rally since it March 16 listing, shares of SBI Cards on […]

Budget 2020

Retail inflation expected to stay close to targeted level by last quarter of FY21: RBI Governor

The RBI has kept the retail inflation target of 4 % with a bias of plus/minus 2 %. RBI Governor Shaktikanta Das on Friday said retail inflation is expected to remain close to the targeted level by the last quarter of the current fiscal year. However, it is likely to stay above the tolerance level […]

Budget 2020

Market Movers: Investors’ wealth at record high; 247 stocks hit upper circuit

Mumbai: Investors’ wealth hit an all-time high of Rs 160.68 trillion on Friday, as benchmark indices rallied for the seventh straight session. Nifty formed a reasonable positive candle with lower shadow, indicating that the uptrend is here to stay. While banks led the gains as the Reserve Bank of India’s Monetary Policy Committee stuck with […]

Budget 2020

RBI cheers bond market despite keeping rates on hold

MUMBAI: The Reserve Bank of India (RBI) assured bond markets on Friday that it stands ready to take whatever measures are necessary to ensure adequate liquidity in the banking system, sparking a sharp rally. The RBI said it will conduct on-tap long-term repo operations, open market purchases of bonds and special open market operations (S-OMOs), […]

News Headlines

RBI keeps key rates unchanged, says GDP could contract 9.5% this fiscal

Written by George Mathew | Mumbai | October 10, 2020 4:30:09 am RBI Governor Shaktikanta Das. The Reserve Bank of India (RBI) on Friday kept key policy rates unchanged, signalling that the country, barring a second wave of novel coronavirus infections, is poised to “renew its tryst with its pre-Covid growth trajectory”, and that inflation […]

Budget 2020

Will take necessary measures to promote growth: RBI Governor

RBI Governor Shaktikanta Das on Wednesday assured the industry that the central bank will take all necessary measures to ensure liquidity in the system and promote economic growth. Indian economy contracted 23.9% in the first quarter of the current financial year. Addressing a virtual conference organised by industry body FICCI, Mr. Das said that Gross […]

News Headlines

RBI rules out relaxation in loan recast: ‘Must protect investors’

By: Express News Service | Mumbai | September 17, 2020 5:20:05 am RBI Governor Shaktikanta Das. (File) Reserve Bank of India (RBI) Governor Shaktikanta Das has virtually ruled out any relaxation in the loan restructuring scheme to tackle the Covid-19-related stress, saying the scheme had been structured to balance the interests of both depositors and […]