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Lenders seek RBI nod to recast over $40 bn potential NPAs

Finance

04 June, 2020

Lenders seek RBI nod to recast over $40 bn potential NPAs

Lenders have sought permission from the Reserve Bank of India (RBI) to restructure loans worth Rs 3 trillion ($40 billion) ......

SWFs, pension funds line up for a stake in Kotak Mahindra Bank

Finance

02 June, 2020

SWFs, pension funds line up for a stake in Kotak Mahindra Bank

Uday Kotak, the promoter and single-largest shareholder of Kotak Mahindra Bank Ltd, sold a 2.8% stake in the private-sector lender ......

Sensex, Nifty rise as gains in financials offset Moody's rating cut

Markets

02 June, 2020

Sensex, Nifty rise as gains in financials offset Moody's rating cut

Indian shares ended higher on Tuesday for a fifth straight session as a rally in financial stocks and positive broader ......

Indian stocks' performance this year to be worst since 2011: Poll

Markets

26 May, 2020

Indian stocks' performance this year to be worst since 2011: Poll

Indian stocks will not recoup this year's losses anytime soon and 2020 will mark the worst annual performance in nine ......

Sensex, Nifty decline as RBI loan relief hits banks

Markets

22 May, 2020

Sensex, Nifty decline as RBI loan relief hits banks

Indian shares slid on Friday, as banks fell after the central bank decided to cut policy rates and extend a ......

RBI cuts interest rates again, projects GDP to contract in FY21

Economy

22 May, 2020

RBI cuts interest rates again, projects GDP to contract in FY21

The Reserve Bank of India on Friday cut interest rates by 40 basis points in a surprise move to revive ......

RBI may need to aggressively cut rates alongside fiscal stimulus: Economists

Economy

20 May, 2020

RBI may need to aggressively cut rates alongside fiscal stimulus: Economists

The Indian government's frugal economic stimulus package has put pressure on the Reserve Bank of India to intervene, as analysts ......

Why Modi govt's economic plan is unlikely to soften coronavirus blow

Economy

18 May, 2020

Why Modi govt's economic plan is unlikely to soften coronavirus blow

India’s $266 billion economic rescue package rests mostly on boosting company credit but contains scant new public spending, tax breaks ......

Sensex, Nifty enjoy stimulus boost; details eyed

Markets

13 May, 2020

Sensex, Nifty enjoy stimulus boost; details eyed

A surge in banking stocks helped Indian shares settle higher on Wednesday after the government unveiled Rs 20 trillion ($266 ......

Manufacturing output contracts 20.6% in March; April inflation data on hold

Manufacturing

12 May, 2020

Manufacturing output contracts 20.6% in March; April inflation data on hold

India’s manufacturing output contracted by more than a fifth in March from a year earlier, fanning hopes that the central ......