The Madras High Court, on October 4, 2019, refused to quash a money laundering case filed by the Enforcement Directorate (ED), against real estate firm VGN Developers Private Limited, related to the purchase of … READ FULL STORY
Maharashtra Chief Minister Devendra Fadnavis on September 12, 2019 announced that MSRDC has achieved a financial closure of Rs 28,000 crore for the 701 km Mumbai-Nagpur Samruddhi Corridor. For the Rs 55,447 crore project, … READ FULL STORY
After repeated nudging by the Reserve Bank of India (RBI), the nation’s largest lender State Bank of India (SBI), on April 9, 2019, followed its smaller peers to lower the lending rates by a … READ FULL STORY
The CBI has filed an FIR against Hyderabad-based BNR Infra and Leasing Limited, its promoters B Narasimha Reddy, S Bindusagar Reddy, advocates Nellutla Jagan, V Narasinga Rao and D Prabhakara Reddy and valuer N … READ FULL STORY
In order to tide over temporary liquidity crunch, banks borrow from the Reserve Bank of India (RBI), against government securities. The rate at which the RBI lends money to banks, is known as the … READ FULL STORY
The Reserve Bank of India (RBI) governor Shaktikanta Das, on February 18, 2019, reiterated the need for banks to cut interest rates, saying that ‘transmission of monetary policy decisions is important’. “Transmission of rates … READ FULL STORY
On February 7, 2019, the Reserve Bank of India (RBI) announced a cut in the repo rate by 25 basis points, during its bi-monthly monetary policy meet. With this, the repo rate now stands … READ FULL STORY
Finance minister Piyush Goyal, on January 28, 2019, exhorted state-run banks to step up lending to micro, small and medium enterprises, agriculture and housing sectors and also assured these lenders of all kinds of … READ FULL STORY
With the financial year entering the last quarter and the start of the new calendar year, the focus is back on the fiscal deficit, liquidity issue with financial institutions and NPA woes. In a … READ FULL STORY
A pilot project to implement the common mobility card, to facilitate travel in Hyderabad Metro rail, Road Transport Corporation (RTC) buses and other transport services in the city, will be taken up by the … READ FULL STORY
While economic indicators were signalling an upward trend in the interest rates up to a few weeks ago, the Reserve Bank of India (RBI) chose to maintain a status quo on key policy rates, … READ FULL STORY
Home loan interest rates are gradually escalating across banks. In the last monetary policy meet, on October 5, 2018, the RBI had maintained a status quo on key rates but indicated that it might … READ FULL STORY
The country’s largest lender, State Bank of India (SBI), is in the international bond market to raise nearly USD 500 million in green bonds, making it the maiden issuance for the lender. The tenor … READ FULL STORY
