The share of state-run banks in loan disbursals to MSMEs has dropped from 58 percent to 39 percent in December 2018, a report by SIDBI and Cibil Transunion said.
Following RBI governor Shaktikanta Das’ announcement the RBI would issue a revised circular following the apex court’s verdict, the Indian Banks’ Association has written to the RBI with at least seven recommendations.
Mumbai: Last week, when the Reserve Bank of India (RBI) cut repo rate — the rate at which the central bank lends to commercial banks – by 25 basis points (bps) to 6%, it sent out hope that your loans will get cheaper. One bps is one hundredth of a percentage point.
The country's foreign exchange reserves rose by $ 1.876 billion to $ 413.781 billion in the week to April 5, aided by a rise in foreign currency assets, Reserve Bank data showed Friday.
NEW DELHI | KOLKATA: Mukesh Ambani-led Reliance Retail is betting big on business-to-business (B2B) ecommerce with a digital wholesale marketplace along the lines of China’s Alibaba for products such as smartphones, televisions, garments, spices and soap, according to people aware of the plan.
Loans of Indian banks jumped 13.2 percent year-on-year, in the two weeks ended March 29, while deposits rose 10 percent, the Reserve Bank of India's weekly statistical supplement showed on Friday.