Finance

RBI not in favour of government's move to cut card payment charges

The RBI argued that any reduction in card transaction charges will make the business model unsustainable for banks.

Dec 12, 2016

Indian insurers rush to buy bank capital after rule change

Insurance Regulatory Authority of India has allowed insurers to invest in AT1 rupee bonds with local ratings of AA and above.

Dec 12, 2016

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

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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

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

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

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

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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

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

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

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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

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

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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

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Finance

RBI not in favour of government's move to cut card payment charges

Indian insurers rush to buy bank capital after rule change

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

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

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

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

Associate banks of SBI to unveil voluntary retirement schemes soon

RBI issued currency notes worth Rs 4.27 lakh crore following demonetisation

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

Paytm to merge its wallet business with proposed payments bank

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

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

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

Fintech startups on radar as digital economy takes shape

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

Time for India to follow suit? France, Germany, Netherlands, US banned use of EVMs [here's why]

Dhanush's Captain Miller has no buyers in Telugu states? Here's why

Deepika Padukone is a sight to behold in velvet gown; attends Academy Museum Gala with Selena Gomez, Dua Lip [see pics]