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Finance

Rupee

I-T detected Rs 19,000 crore black money in ICIJ, HSBC cases: Jaitley

Income tax department's discovery follows probe into global leaks, including HSBC account holders in Switzerland Jul 21, 2017
ICICI Bank

Loans at your command: ICICI Bank offers up to Rs 15 lakh instant loans via ATMs

Customers can get pre-qualified personal loans of up to Rs 15 lakh in their savings accounts instantly. Jul 20, 2017
RBI

Home loan, fixed deposit interest rates might sink further

Banks crank up interest rate engines, reassess credit scenario ahead of possible RBI cut Jul 20, 2017
Arun Jaitley

Banks to take hit of Rs 18,000 cr for 12 accounts identified for bankruptcy

Ind-Ra forecasts additional provisioning to eat into bank profits by around 25 percent in fiscal 2018. Jul 18, 2017
Essar headquarters

Insolvency case: Gujarat HC dismisses Essar Steel petition challenging RBI

Essar Steel's petition had challenged the RBI directive to banks for initiating insolvency proceedings against it Jul 17, 2017
sbi bonus issue, sbi bonus history, sbi q4 results, sbi share price, state bank of india q4 results, sbi chairperson arundhati, sbi merger, sbi sensex

Number of PSBs may go down to 12 as govt mulls consolidation

The 21 public sector banks are expected to be consolidated to 10-12 in the medium term. Jul 17, 2017
vijay mallya, sahara force india

More 'kick' brewing: Diageo checks lager picture, withholds $35 mn from Mallya

Diageo says to pursue dues of $135 million and push claim for Mallya's pledged stake in Force India Formula 1 team. Jul 17, 2017
Bitcoin market capitalisation on July 16, 2017

The flip side: Bitcoin, Ether prices wilt, and new questions emerge

Market uncertainty and fundraises by companies using crypto-currency spark selling pressures Jul 16, 2017
Dollars

Held to account: NRIs may be asked to disclose financial details outside India

NRIs will have to share account numbers of overseas bank accounts, bank names and office locations with the tax office, says Economic Times report. Jul 14, 2017
Toonz Retail

No child's play: GST migrations caused systems crashes at retail firms, says toy company

Ahead of GST launch on July 1, many retail firms suffered systems shutdowns while migrating from VAT-oriented taxation formats, hitting their supplies for a week. Jul 14, 2017
Vijat Mallya, India cricket, Champions Trophy, Virat Kohli's charity event

Washing up: Vijay Mallya laundered Rs 1,301.67 crore, says Enforcement Directorate

The agency alleged that the only purpose of 13 shell companies under Mallya's control was to either obtain loans or launder money. Jul 13, 2017
SBI

SBI not rushing towards bankruptcy code due to lack of ecosystem, says chairperson Arundhati Bhattacharya

Last month, the apex bank had identified 12 large accounts with exposure of more than Rs 5,000 crore and more than 60 percent of which is recognised as NPAs. Jul 11, 2017
aadhaar, bank accounts, cash, note bank, atm, pan, indian banks, bank account, account holder

Modi govt saved Rs 50,000 crore by removing corruption, says Ravi Shankar Prasad

1.16 billion people have entered the Aadhaar system so far, village level entrepreneurs will push it further. Jul 11, 2017
RuPay

Rupay transactions worth Rs 5,000 crore carried out in April-June: NCPI

Transactions via UPI crossed 1 crore in volumes during Apr-June, while Bhim and Bhim Aadhaar are also showing positive trends. Jul 10, 2017
Cairn India

Tax dues: Income tax department to attach shares if Cairn doesn't cough up Rs 10,395 crore

In a notice, the Income Tax Department has given the British firm 15 days to repay or face attachment of shares. Jul 9, 2017
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