Economy News

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As India's economic growth outpaces China, will RBI play party-pooper?

The RBI has signaled that an interest rate increase may come as early as June as the policymakers are optimistic that Asia's third-largest economy will rebound this year.

Apr 20, 2018

Cash crunch: Five ways to go cashless during currency shortage

Here are five alternatives to manage your spending during the cash crunch.

Apr 20, 2018

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Why 19 crore adult Indians lack bank accounts, despite Jan Dhan Yojana

According to the latest Global Findex Database released by the World Bank, 11 percent of the world's unbanked adults are in India.

Apr 20, 2018

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Five investment schemes with low risk and high return

Sukanya Samriddhi Account, Post Office Time Deposit Account, National Savings Certificate, Sovereign Gold Bond Scheme, National Pension Scheme are some good bets for people who would not like to take risks.

Apr 19, 2018

Traffic congestion is bleeding India Rs 1.5 lakh crore annually: BCG

On average, commuters in the top four cities, namely Delhi, Kolkata, Bengaluru and Mumbai are taking 1.5 times longer to travel a given distance.

Apr 19, 2018

RBI limits withdrawals to 1,000 per account for City Co-operative Bank

The Reserve Bank of India has placed curbs on the business activities of Mumbai-based City Co-operative Bank.

Apr 19, 2018

Extra scrutiny for loan applicants as private banks become overly cautious

Recent corruption investigations surrounding ICICI Bank and Axis Bank have made other private-sector lenders extremely fussy in granting loans.

Apr 19, 2018

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SBI India's most trusted bank: Samsung, Sony, and LG among top brands

According to the TRA Brand Trust Report 2018, State Bank of India is the most trusted bank in the country and ICICI tops in private sector.

Apr 19, 2018

ATM usage could cost more as operators demand interbank transaction fee hike

The CATMi has demanded that interbank fee should go up by at least Rs 3-5 per transaction to enable the ATM operators to recover their costs.

Apr 19, 2018

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Cash crunch: Currency situation at ATMs improving, says SBI

The SBI is constantly monitoring the situation and making efforts to ensure the supply of currency in abundance at all SBI ATMs, the bank stated.

Apr 18, 2018

Housing sales jump by 33% in Indian cities: Delhi-NCR reports highest growth

Sales of residential apartments jumped 33 percent in India's top nine cities during January-March 2018, says a survey report.

Apr 18, 2018

Meet New Zealand's PM Ardern: Unmarried, pregnant and going on maternity leave

In June, Ardern will become just the second woman in history to give birth while being an elected head of state.

Apr 18, 2018

Akshaya Tritiya 2018: Things to keep in mind while buying gold

During this Akshaya Tritiya, here are the six things that you should know before stepping into a jewelry store.

Apr 18, 2018

CBI probing Surya Pharmaceuticals in Rs 621 crore fraud involving 5 banks

The CBI registered a case against Surya Pharmaceutical, directors and promoters on the charge of cheating a consortium of five banks led by the Punjab and Sindh Bank to the tune of Rs 621 crore.

Apr 18, 2018

Cryptocurrency to forge a new market in Russia

Key representatives from IDACB and RACIB are endorsing, and taking part, in the upcoming World Blockchain Summit, which will be held in Moscow on April 26–27.

Apr 18, 2018