Reserve Bank of India, which has already reduced the key policy rate four times in the current calendar year, is scheduled to announce its next bi-monthly monetary policy on October 4. Read More

The bank came under stress due to alleged financial irregularities forcing the Reserve Bank of India (RBI) to impose restriction on the Mumbai-based lender. Read More

The bank also listed out targets for merchant acquisitions and said it is aiming for a 5 percentage points reduction in its cost-to-income ratio as a result of the digital push. Read More

Coal, crude oil, natural gas, cement, and electricity recorded a negative growth .This data may spur the Reserve Bank of India to cut interest rates in its policy review later this week Read More

New launches fell 34 percent quarter-on-quarter and 13 percent YoY to 45,230 units in Q3 Read More