Finance

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Rupee relief unlikely to last as Modi government goes into election year

Domestic pressures like elections and international factors including oil and trade uncertainties could weaken the currency.

Dec 5, 2018

Nifty, Sensex echo weakness in Asia; domestic investors await state election results

Asian shares fell as a relief rally petered out amid rising doubts over whether China and the United States will be able to resolve trade differences. An inverted U.S. yield curve also raised concerns about a possible recession.

Dec 4, 2018

World Bank to raise $200 billion to fight climate change

The latest OECD data shows that in order to fight climate change, developed countries have given their commitment to infuse a combined annual public and private spending to $100 billion in developing countries by 2020

Dec 3, 2018

Moody's downgrades Yes Bank ratings amid leadership transition, governance issues

Moody said that developments could constrain the bank's ability to raise new capital.

Nov 28, 2018

Bank credit growth highest in five years; does that negate lurking credit crunch fears?

The growth registered by the banks is really encouraging with the fact that RBI has put 11 public sector banks under the prompt corrective action (PCA) framework.

Nov 23, 2018

rbi governor, garima kapoor, elara securities, rbi governor urjit patel, rbi repo rate

PM Modi stacks RBI board with allies to turn heat up on governor Urijit Patel

Now stacked with government nominees who can be counted on to support the administration, the board is being transformed from having a passive advisory role into a body that can exert pressure for policy change.

Nov 18, 2018

RBI tightens oversight of NBFCs, cancels registration of 31 firms

West Bengal leads in the number of finance companies suffering central bank's axe while another 17 voluntarily close business.

Nov 11, 2018

RBI vs Modi govt: Finance Ministry remains tight-lipped over invocation of Section 7 of RBI Act [Read full statement]

The Finance Ministry issued a statement amid the ongoing tussle with RBI over the invocation of Section 7 of the RBI Act.

Oct 31, 2018

India gets first-of-its-kind Bitcoin ATM kiosk in Bengaluru; here's all you need to know

The user will be able to withdraw the money he made through the buying and selling of bitcoins with the help of the kiosk.

Oct 20, 2018

Sovereign gold bonds fixed at Rs 3146 per gram; all you need to know

SGBs are denominated in multiples of gram of gold with a minimum unit of one gram and can also be held in demat form.

Oct 13, 2018

Uttar Pradesh: Bank manager arrested for withdrawing Rs 18 lakh from ATM

The manager of Bantikheda village branch was found to be involved in the theft of Rs 18 lakh from an Overseas Bank ATM in Shamli on March 4.

Sep 29, 2018

SBI expects 53% recovery from RBI's first list of 12 stressed accounts

"We have made adequate provisions for this and it will not impact the balance sheet. Our average provisioning for these cases will be around 55 per cent," said State Bank of India (SBI) Managing Director Dinesh Kumar Khara.

Sep 28, 2018

Cabinet approves GST Network to become govt-owned company

The announcement was made by Finance Minister Arun Jaitley on Wednesday, September 26, as he said that the government will now own 100 percent of the GST Network.

Sep 26, 2018

Yes Bank shares dip almost 34%; record-low since market debut

At 10:34 am on Friday, the shares were trading at Rs 256.15 at the BSE, almost 19.58 per cent low since the previous close.

Sep 21, 2018

Increase in interest rates for small saving schemes; investors breathe a sigh of relief

The small savings schemes include the Public Provident Fund (PPF), Sukanya Samriddhi Yojana (SSY), National Savings Certificate (NSC), and post office time deposits.

Sep 20, 2018

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