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Finance

OPEC

OPEC, non-OPEC agree first global oil pact since 2001

Last week, OPEC agreed to slash output by 1.2 million barrels per day from January 1. Dec 11, 2016
demonetisation raids karnataka corruption fraud notes banks bureaucrats raids income tax acb police bengaluru exchange commission nexus contractors

RBI asks banks to deploy maximum new Rs 500 notes in ATMs

The central bank wants to ensure wider and equitable distribution of these currencies, which is only possible if maximum amount is given through ATMs. Dec 10, 2016
Insurance

SBI Life sells 3.9% stake to Tamasek, KKR for Rs 1,800 cr

This transaction paves the way for the life insurer to go for public listing in the next financial year. Dec 10, 2016
digital payments, digital transaction

Demonetisation effect: Banks to take a Rs1,000 crore hit on fee income after transaction fee waiver on debit cards

Banks are likely to lose around Rs 1,000 crore due to fees waiver on card transactions till December end of this year. Dec 9, 2016
State Bank of India SBI headquarters

Associate banks of SBI to unveil voluntary retirement schemes soon

To expedite the process of merger with SBI, the associate banks of the country's largest lender are likely to come out with VRS in the near future. Dec 9, 2016
rupee vs dollar us india american us fed interest rate hike raise reserve elections donald trump modi govt all time low 2013 bjp nda arun jaitley

RBI issued currency notes worth Rs 4.27 lakh crore following demonetisation

The central bank also said that defunct notes worth Rs 11.85 lakh crore have been returned to the banking system. Dec 9, 2016
Microfinance

Demonetisation impact on MFIs: Situation 'much better' compared to last week, says Ujjivan

After feeling the initial pinch of demonetisation, microfinance institutions are slowly witnessing improvements in loan collections and disbursements. Dec 5, 2016
Vijay Shekhar Sharma

Paytm to merge its wallet business with proposed payments bank

The digital payment services provider will have to comply with RBI guidelines before starting payments bank operations. Dec 5, 2016
demonetisation gdp q2 data growth rate cut nomura analysts rbi mpc meet december 6 and 7 focus shifts to urjit patel modi  bank queues sbi bob salary pay day

Union minister debunks economists' forecasts; says GDP to touch 10%

Most economists are of the view that the Indian economy will see a slowdown in demand, leading to low growth figures. Dec 5, 2016
Life Insurance Corporation LIC premium insurance bima diamond plan money back

LIC sells its costliest policy of Rs 50 crore to Mumbai businessman

The annuity plan 'Jeevan Akshay' bought by this businessman has seen a lot of interest from buyers owing to demonetisation. Dec 3, 2016
Shopkeeper

Demonetisation: Your old Rs 500 and Rs 1,000 notes could be worth a fortune

To a numismatist, the older and rarer a coin or a note, and the better condition it is in, the more valuable it is. Dec 2, 2016
New iPhone '5' May Support NFC Chip; Is Apple Ready To Release The iWallet?

Fintech startups on radar as digital economy takes shape

Startups working on financial transaction space are likely to get more attention from private equity players in coming days. Dec 1, 2016
mutual funds personal finance investments equity funds elss activity mf investors bse nse sensex rupee nifty nse small investor jm financial

Short-term debt funds better placed post CRR move: Fund managers

After RBI's new CRR norm, fund houses have witnessed huge outflows from debt funds, especially from liquid funds, in the recent past. Dec 1, 2016
aditya puri, hdfc bank

Aditya Puri slams analysts, economists for predicting GDP will fall after note ban

Admitting that there is bound to be a "temporary aberration", Puri said the move was necessary to root out counterfeit notes from the country. Nov 30, 2016
demonetisation demonetization currency rbi rs 500 rs 1000 note currency pm modi arun jaitley trends rs 2000

This is what happens to your old Rs 500, Rs 1,000 demonetised notes

Read on to know where does the demonetised currency go and what happens to it. Nov 30, 2016
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