Finance

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Demonetisation: Unaccounted bank deposits may be taxed 60%

The government plans to introduce changes to the Income Tax Act during the winter session of parliament.

Nov 25, 2016

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Demonetisation: State Bank of India slashes bulk deposit rate by up to 190 basis points

The new rates will be effective from November 24, according to the State Bank of India website.

Nov 24, 2016

Infosys invests in Stellaris Venture Partners

The IT services firm will pump in Rs 31.6 crore in this early-stage venture fund, making it company's second such investment.

Nov 23, 2016

Airtel Payments Bank offers hefty interest rate on savings bank deposits

It became the first payment bank to launch operations Wednesday post issuance of licences by RBI in August, 2015.

Nov 23, 2016

Samsung offices raided as South Korean scandal grows

Prosecutors raided premises of Samsung Electronics and country's largest pension fund- NPS as part of their ongoing investigations into alleged influence-peddling by President's close aide.

Nov 23, 2016

Cut petrol prices sharply to boost growth: Analyst

Market participants are hopeful of some stimulus from the government amid demonetisation-induced slowdown risks to the economy.

Nov 22, 2016

Financial strength of Indian banks remains 'fragile': Fitch

The rating agency also said that impact of government's demonetization move on Indian banking sector remained uncertain.

Nov 22, 2016

Home, farm loan borrowers get 60 days extra to repay as RBI eases norms

The relaxation is applicable on dues worth up to Rs 1 crore payable between November 1 and December 31 2016, says RBI.

Nov 22, 2016

Debt funds turn attractive as returns soar after demonetisation

With falling bond yields after the demonetisation, debt funds in mutual fund space have witnessed a surge in returns recently.

Nov 21, 2016

Loan defaults in tractor, construction equipment space remain high: India Ratings

However, recovery in commercial vehicle space has improved in recent months on rising economic activity, the agency noted in a report.

Nov 21, 2016

RBI proposes Sharia-compliant 'Islamic window' in banks

The RBI said given the challenges involved in Islamic banking, it may be introduced in India in a gradual manner.

Nov 20, 2016

Demonetisation: New cash withdrawals, bank deposits rules

Here are the top six new rules, which will be applicable following the move on demonetisation.

Nov 20, 2016

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Cooperative banks severely hit due to demonetisation

With restriction on deposits and replacement of old currencies, banking operations at rural cooperative banks have come to a grinding halt.

Nov 19, 2016

Life Insurance Corporation LIC premium insurance bima diamond plan money back

LIC likely to improve market share by end of this fiscal

With 31 percent rise in premium collections in April-October period, LIC is likely to surpass last fiscal's growth figures.

Nov 18, 2016

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Global reinsurers likely to begin Indian operations soon

Insurance regulator IRDA has asked five global insurers along with one Indian private insurer to bring in capital before giving its final nod for starting Indian operations.

Nov 17, 2016