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Indian central bank signals scope for more rate cuts to get economy on track

18 Oct 2019

MUMBAI India's central bank monetary policy committee favors cutting interest rates and continuing with an accommodative stance until the economy is firmly on a recovery path, its minutes showed.

Slowing Indian bank lending overshadows economic rebound hopes

16 Oct 2019

MUMBAI Credit growth at Indian banks has dropped to its lowest level in nearly two years, the latest Reserve Bank of India (RBI) data shows, as slowing domestic consumption weighs on demand.

RPT-INSIGHT-Realty bites: Indian property slump leaves beleaguered banks exposed

14 Oct 2019

MUMBAI, Oct 13 India might have thought the worst of a bad loans crisis was past, but a severe cash crunch in the real estate industry could augur fresh strife for its banks.

Realty bites: Indian property slump leaves beleaguered banks exposed

13 Oct 2019

MUMBAI India might have thought the worst of a bad loans crisis was past, but a severe cash crunch in the real estate industry could augur fresh strife for its banks.

RBI cuts rates to near decade lows to revive growth

04 Oct 2019

MUMBAI The Reserve Bank of India on Friday cut the key policy rate to its lowest levels in nearly a decade, stepping up its efforts to kickstart an economy growing at its slowest pace in six years.

UPDATE 2-India's central bank cuts rates to near decade lows to revive growth

04 Oct 2019

MUMBAI, Oct 4 The Reserve Bank of India on Friday cut the key policy rate to its lowest levels in nearly a decade, stepping up its efforts to kickstart an economy growing at its slowest pace in six years.

India central bank set to cut rates again as fiscal measures fail to cheer

02 Oct 2019

MUMBAI The Reserve Bank of India is expected to cut benchmark interest rates for the fifth time this year on Friday as recent fiscal measures to boost ailing growth seem largely inadequate and benign inflation offers room for more easing.

India's current account gap narrows in June quarter vs year ago

30 Sep 2019

MUMBAI India's current account deficit (CAD) narrowed to 2% of gross domestic product in the June quarter of the fiscal year ending March 2020 from 2.3% in the same period a year ago due to higher invisible receipts, the central bank said.

India looks to ease foreign investment limits in govt bonds - sources

27 Sep 2019

NEW DELHI/MUMBAI, Sept 27 India is looking to ease foreign investment limits in government bonds, as it seeks to get its securities included in global bond indexes in the next two years, three government officials with knowledge of the matter told Reuters.

Depositors protest as curbs put on Indian co-operative bank

25 Sep 2019

MUMBAI The Reserve Bank of India's (RBI) move to take charge of one of the country's top five co-operative banks on Tuesday brought worried depositors out in protest and sparked renewed concerns about the health of India's troubled banking sector.

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