Non-banking financial companies, already reeling under a painful liquidity crisis, are up against a fresh challenge in the form of new regulatory norms set by the Reserve Bank of India. The central bank has released draft norms on liquidity risk management for deposit taking and non-deposit taking NBFCs.
After being granted a lifeline from the country’s largest insurer, the erstwhile state-run lender, IDBI Bank is now planning to turn to the Reserve Bank of India (RBI) for some forbearance to bring its house in order.
Bond dealers and economists are certain that the Reserve Bank of India (RBI) will lower the policy rate. However, there is disagreement on the timing.
In an increasingly globalized world, foreign trade is an important contributor to economic growth. Unfortunately, India’s merchandise trade has clocked slightly negative growth between 2011- 12 and 2017-18.
Global garment companies are failing to meet living wage promises to workers, according to a study published by researchers at the University of Sheffield today (30 May 2019).
GST collection for May is expected to be less than Rs 1 lakh crore, a senior official told Moneycontrol on condition of anonymity.