Gopika Gopakumar

The new guidelines are prudent and will bring down delinquencies in the system, MFIN's chief executive officer Alok Mishra told

The adverse rating action could hurt the group's ability to raise fresh funds, besides increasing its cost of capital. Adani stocks fell sharply after the rating actions, with Adani Green Energy, at the centre of US indictments, declining the most on Tuesday.

The deficit in the system came after two months on account of goods and services tax payments and forex outflows.

India's economic growth slumped to a seven-quarter low of 5.4% in Q2, against the RBI's estimate of 7%, thanks to slowing growth in manufacturing and mining.

In its first readers' survey, Mint found that Indians are divided over the MPC's handling of inflation. 35% of close to 1,000 respondents voted that the committee has not been successful in managing inflation, while 29% supported the committee's actions so far. (The rest were unsure.)

Mumbai: Asset reconstruction companies (ARCs) are seeing a spike in the sale of bad debt in the unsecured retail loan portfolios of banks and non-banks, as stress rises in the microfinance and personal loan segments.

Das, one of RBI's longest-serving governors, took charge in 2019 following his predecessor Urijit Patel's sudden departure.

New RBI governor Sanjay Malhotra’s key task will be to restore the inflation-growth balance, the outgoing governor Shaktikanta Das said. Das acknowledged challenges like global shifts and cybersecurity, and praised the improved government-RBI coordination in his six years in office.

The deal has been awaiting regulatory and legal clearances, after receiving approval from the Mumbai bench of NCLT on 27 February 2024.

Mumbai, Dec. 16 -- The Hinduja Group expects to complete the Rs.9,861 crore acquisition of Reliance Capital by the end of January, nearly a year