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PTI
February 20, 2017
The Income Tax department will appoint two data analytics firms in next 10 days to analyse the deposits in bank accounts before and after November 8 last year -- the day the government decided to junk 86 per cent of the currency in circulation.
Joe C Mathew
February 20, 2017
While the government's plan was to attract as many citizens as possible into the digital fold, it might have failed to focus on an easy target - the middle class in small towns across India.
PTI
New Delhi, February 19, 2017
The country reportedly lost a whopping USD 4 billion in fiscal 2016 to cyber crimes, while globally, the economic loss due to cyber crimes stood at USD 455 billion in 2016.
Niti Kiran
February 17, 2017
US Federal Reserve Chair Janet Yellen recently hinted at a hike in the interest rates in an upcoming meeting of the central bank. However, she also flagged considerable uncertainty over economic policy under President Donald Trump's administration.
Mail Today Bureau
New Delhi, February 17, 2017
"Wallets as a valid economic proposition is doubtful. There is no money in the payments business. The current loss reported by market leader Paytm is Rs 1,651 crore. You cannot have a business that says pay a Rs 500 bill and take Rs 250 cash-back,'' Aditya Puri said.
PTI
New Delhi, February 17, 2017
HealthCare, Financials, Oil and Gas, Banking, Energy and Consumer Durabled lifted the market only to capped by profit- booking in IT, Teck, Metal, Telecom and Auto segments.
Reuters
New Delhi, February 17, 2017
Newspapers and markets were forecasting the Reserve Bank of India would cut its key rate by a quarter of a percentage point. But the RBI held rates and moved to a "neutral" policy stance, signalling an end to India's longest monetary easing cycle since the 2008-09 global financial crisis.



PTI
February 17, 2017
"We think the merger would be some time in the next financial year because we are a listed company and doing such a large exercise just before the annual closing may not be a very good idea," she told news channels.
Anand Adhikari
February 16, 2017
In fact, there are challenges, too. SBI's merger with five associate banks is coming at a time when the banks are facing challenges from digital players like peer to peer (P2P) lenders, digital wallet companies, payments bank and small finance banks.
Avneet Kaur
New Delhi, February 16, 2017
The banking industry saw a steep fall in its  provisioning cost is December quarter of 2016, which fell by fell by 6.8 per cent y-o-y. The fall in the provisioning cost industry came on account of banks keeping low provision against non-performing assets (NPAs) in the quarter.
BT Online
New Delhi, February 16, 2017
The Indian stock market caught up with the global market up trend as Asian stocks edged up to fresh 19-month highs on Thursday after a Wall Street rally on the back of as strong US data.
PTI
New Delhi, February 15, 2017
"The Cabinet had earlier in-principle cleared the (merger) proposal. It had gone to the boards of various banks which have granted the approvals. The recommendations of the boards were considered today and the Cabinet cleared the proposal," Finance Minister Arun Jaitley said.
Adhil Shetty
February 15, 2017
In an ideal scenario, existing loan owners should benefit from these rate cuts. But in the past, this wasn't often the case, with repo rate cuts not being adequately transmitted to borrowers. Which is why the RBI mandated banks to switch to the MCLR regime from the base-rate regime.
Anand Adhikari
February 14, 2017
The Union Budget 2017-18  has clearly left the public sector banks (PSBs) to fend for themselves by allocating a meagre Rs 10,000 crore for recapitalisation.  Under the 'Indradhanush' Plan  unveiled in August 2015, the BJP-led NDA government allocated Rs 70,000 crore capital over four years  till 2018-19.
PTI
New Delhi, February 14, 2017
"S&P Global Ratings today lowered its long-term foreign currency issuer credit rating on IDBI Bank to 'BB' from 'BB+' because we expect the bank's asset quality to remain very weak over the next 12 months," said S&P Global Ratings credit analyst Nikita Anand in a note.
Brotin Banerjee
February 14, 2017
When it comes to setting priorities, Housing For All has been the point of focus for the Modi government since it came to power in 2014. The Policies and programmes developed by the Ministry of Housing under the NDA government, have been supported by budgetary interventions, bringing in a refreshing transformation in the real estate sector.
PTI
New Delhi, February 12, 2017
Government on Saturday extended the window for assessees receiving SMS or e-mail queries from the income tax department on cash deposits post demonetisation by 5 days to February 15.
BT Online
February 10, 2017
Addressing media after SBI posted its Q3 results, she said, "On resolutions happening, we were hopeful that things would start moving by this quarter. However, the demonetisation has actually put us back by a quarter. So, we are working very hard but we don't know if they will come in this quarter or maybe slip over to the next year".
BT Online
New Delhi, February 10, 2017
Hitachi made the acknowledgement following the final assessment report from security audit firm SISA Information Security. "SISA's report pointed to a sophisticated injection of malware in the Hitachi Payment Services' systems, which was able to compromise the details of these debit cards," Hitachi said.
Anand Adhikari
February 10, 2017
Nobody had  thought of a merger possibility of two large banks in the private banking space.  That too,  well run Axis Bank and Kotak Mahindra Bank (it recently acquired ING Vysya Bank).
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