Gross NPAs of banks decline to 12-yr low of 2.6%: RBI report

The Reserve Bank on Monday said asset quality of banks improved further and their gross non-performing assets (GNPA) or bad loans ratio declined to a 12-year low of 2.6 per cent in September 2024......

What Are New RBI Governor's Challenges?

'Challenge is basically near-term growth as the outlook has turned a bit adverse.' IMAGE: Finance Minister Nirmala Sitharaman with Revenue Secretary Sanjay Malhotra during the 54th GST Council......

50 bps cut in interest rate likely by March 2025: Axis Mutual Fund

'Investors can consider staying invested in long duration products as there is a possibility of rate cuts in the near term.' Illustration: Dominic Xavier/Rediff.com Positive macros — lower......

Banks turn to CD issuances in September amid sluggish deposit growth

Facing sluggish deposit growth, banks turned to issuing certificates of deposit (CDs) in September to mobilise funds. Illustration: Uttam Ghosh/Rediff.com Banks have issued Rs 1.35 trillion worth......