RBI bars Navi Finserv, 3 other NBFCs from extending loans

The Reserve Bank of India (RBI) has barred four non-banking finance companies (NBFCs), including two microfinance institutions (MFIs), from sanctioning and disbursing loans for charging exorbitant......

RBI unlikely to cut interest rate in October

The Reserve Bank is unlikely to cut the benchmark interest rate in its forthcoming bi-monthly monetary policy review later in the week as retail inflation is still a cause of concern, and there is......

MPC Members Were Divided On Rate Cut

Deputy Governor Michael Patra warned about the spillover effects of food inflation. IMAGE: With food inflation pressures showing little sign of abatement in the near term and household inflation......

Retail inflation eases to 11-month low of 4.83% in April

Retail inflation eased to an 11-month low of 4.83 per cent in April as prices of some kitchen items declined though overall food basket firmed up marginally, according to a government data released......