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PNB

Higher security spend of banks failed to curb increasing frauds

Cases of banking frauds shot up by 20 percent in two years despite closer oversight following some high-profile cases of wilful default, study says. Nov 24, 2018
pay commission, 7th cpc, modi govt, arun jaitley, central government employees, rbi, urjit patel

Banks may get Rs 3.7 lakh crore lending boost as RBI defers Basel III norm roll-out

Some experts feel the one-year limit could prevent the economy from drawing full benefits of the added liquidity Nov 22, 2018
Cryptocurrency investments

Crypto bloodbath: Tale of IMF support that turned a deadly trap

Legarde's historic call for central banks' foray into sovereign cryptocurrencies turns sour for blockchain pioneers like Bitcoin Nov 21, 2018
RBI

RBI vs Modi govt: From liquidity to relief for MSME sector - key takeaways from Monday's board meet

In the tense run-up to the meeting, there was speculation even about RBI governor Urjit Patel's exit. Nov 20, 2018
rbi, rbi repo rate, rbi governor urjit patel, urjit patel on farm loan waiver, up govt waives farm loans, agrarian crisis in india, modi govt

RBI concludes crucial day-long board meeting; likely to increase cash flow

Among the most contentious issues discussed were the government's demands for steps to ease liquidity in the financial sector and increase credit to small businesses. Nov 19, 2018
cars, car sales, domestic car sales, gst on cars, auto industry, traffic

Every second car could run on CNG by 2030:Report

The centre has unveiled an aggressive Natural Gas Infrastructure Development Plan of setting up 10,000 CNG stations over the next 10 years. Nov 19, 2018
rbi governor, garima kapoor, elara securities, rbi governor urjit patel, rbi repo rate

Will RBI chief Urijit Patel quit if push comes to shove?

The government wants Patel to yield on key issues including reserves and bank NPAs to re-ignite economic growth, especially of MSMEs. Nov 19, 2018
rbi mpc meeting, rbi repo rate, rbi governor urjit patel, rbi deputy governor, rbi slr, rbi growth rate projection

S Gurumurthy's comments set the tone for heated debate in RBI meeting

RBI board meeting on Monday is likely to see heated debates as the govt appears to be bent on forcing the RBI to change banks' provisioning requirements. Nov 16, 2018
SEBI headquarters

Information czar's retirement clouds Sebi's prospects in tussle with RBI

Central information commissioner's retirement on November 20 has hit Sebi's prospects of getting bank defaulters' data from RBI in the ongoing tussle. Nov 16, 2018
Telecom towers 4g servces reliance airtel competition reliance jio iartel tata telecom india 3g

Government suspects under-reporting of revenues by telcos; orders strict auditing

In a report submitted by the Comptroller and Auditor General (CAG) June last year, the national auditor had argued that telecom companies under-report revenues through accounting adjustments for commission or discount paid by the companies to their distributors. Nov 14, 2018
Donald Trump

Olive branch to Iran? Trump says US ready for a new deal

The statement is completely opposite to the American hawkish policy against Iran in recent times. Nov 4, 2018
, rbi, rbi list of 12 defaulters, rbi deputy governor viral acharya, bhushan steel, essar steel, lanco infra, alok industries, NPA ordinance, crackdown on bad loans

Centre uses rare provision to force RBI's hand; board meeting on 19th

The government has apparently issued instructions to the RBI on matters such as liquidity at NBFCs, capital requirement for weak banks and lending to SMEs. Oct 31, 2018
SBI Debit card

Use an SBI debit card? You might not be able to withdraw more than Rs 20,000 from today

The maximum withdrawal has been halved by the bank to reduce losses in cases of ATM card fraud. Oct 31, 2018
Supermarket

Import duty hike: From footwear to washing machine, now pay more for these 19 items

The Finance Ministry has hiked import duty in order to curb widening current account deficit (CAD) and a weakening rupee. Sep 27, 2018
Google Logo

Google agrees to comply with RBI's data storage rules

Last month Google CEO Sundar Pichai and Law & IT Minister Ravi Shankar Prasad had met in California. Sep 11, 2018
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