Concerned over high inflation, the Reserve Bank on Friday raised key interest rates by 25 basis points, its 12th such hike since March, 2010, making auto, home and other loans more expensive.

Food inflation fell to a single-digit at 9.55 per cent for the week ended August 27 after breaching the double-digit mark in the previous week, with prices of all items, barring pulses and wheat, goin

Lenders will look to pass on Tuesday's interest rate increase to customers sooner than later to maintain profitability, even though at the cost of lending growth, which is seen slowing down.

The Rese

The Reserve Bank has imposed penalty of Rs 1 lakh each on two Gujarat-based cooperative sector lenders for violation of various rules, including anti-money laundering guidelines.

New Delhi, Nov. 23: Amid crticism of MFIs for their coercive ways of functioning, the government on Tuesday said it will introduce a bill on the sector after taking into account the views of the Reser

New Delhi, Nov. 1: Finance minister, Mr Pranab Mukherjee on Monday said inflation is a matter of concern, indicating that the Reserve Bank could take some steps to check rising prices at its mid-year