Gopika Gopakumar

1 day ago | livemint.com | Gopika Gopakumar

Mumbai: In a move to invigorate India’s slowing economy and in the wake of consistently easing inflation, the rate-setting committee of India’s central bank slashed the repo rate by 50 basis points (bps) on Friday, twice the 25 bps that was widely expected. Further it complemented the policy rate cut with a 100 bps reduction in the cash reserve ratio (CRR). A basis point is one-hundredth of a percentage point.

4 days ago | htsyndication.com | Gopika Gopakumar

Mumbai, June 3 -- IndusInd Bank's promoter entity, IndusInd International Holdings Ltd (IIHL), is in preliminary discussions with long-term investors, including sovereign wealth funds and pension funds, to raise fresh capital by issuing new shares, according to two senior executives familiar with the matter. The move aims to increase the Hinduja Group entity's stake in the private-sector bank, the two executives said.

4 days ago | livemint.com | Gopika Gopakumar

The move aims to increase the Hinduja Group entity's stake in the private-sector bank, the two executives said. Notably, IndusInd Bank is currently grappling with accounting and regulatory crises, as well as falling share prices. “IIHL has diversified holdings with nearly 583 shareholders," the first person cited above said on condition of anonymity. “None of the (current) shareholders are selling.

5 days ago | htsyndication.com | Gopika Gopakumar

New Delhi, June 2 -- The Reserve Bank of India's Monetary Policy Committee (MPC) is likely to announce its third consecutive rate cut this week, a Mint poll of economists and treasury heads found, after the economy grew at its slowest pace in four years amid persisting global uncertainties. Out of the 15 respondents, 14 said the central bank's rate-setting panel will unanimously vote for a 25 basis points repo rate cut to 5.75%, keeping the policy stance unchanged at accommodative.

5 days ago | livemint.com | Gopika Gopakumar

The Reserve Bank of India’s Monetary Policy Committee (MPC) is likely to announce its third consecutive rate cut this week, a Mint poll of economists and treasury heads found, after the economy grew at its slowest pace in four years amid persisting global uncertainties. Out of the 15 respondents, 14 said the central bank’s rate-setting panel will unanimously vote for a 25 basis points repo rate cut to 5.75%, keeping the policy stance unchanged at accommodative.