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PTI
New Delhi, October 15, 2017
The finance ministry is working on capital infusion strategy for the public sector banks (PSBs) and it is expected to be finalised by December, according to official sources.
PTI
Mumbai, October 15, 2017
Ending months of speculation, IndusInd Bank and the second largest microlender Bharat Financial Inclusion (BFIL) on Saturday announced largest merger in the MFI space in an all-share deal, which will help the private sector lender push its rural network and bring down credit cost for small borrowers.
PTI
New Delhi, October 15, 2017
Niti Aayog Vice Chairman Rajiv Kumar has said the economic slowdown that began in 2013-14 has bottomed out and the GDP is likely to grow 6.9 to 7 per cent this fiscal and 7.5 per cent in 2018-19.
PTI
Washington, October 14, 2017
Deputy Director Asia Pacific Department of IMF, Kenneth Kang, said the favorable outlook for Asia was an important opportunity for India to push forward with difficult reforms.
PTI
October 13, 2017
The Indian government's Aadhaar card scheme, which has enrolled more than 1 billion people, has helped the exchequer save about $9 billion by eliminating fraud in beneficiary lists, its architect Nandan Nilekani has said here.
Reuters
New Delhi, October 13, 2017
India has offered to set up a joint venture with Sri Lanka to manage and expand facilities at the loss-making Mattala airport, which sits adjacent to the Hambantota seaport.
Reuters
October 10, 2017
A review of Reserve Bank of India (RBI) data obtained through right-to-information requests shows banks' total stressed loans rose 4.5 percent in the six months to end-June. In the previous six months they had risen 5.8 percent.
Anshuman Mishra
New Delhi, October 10, 2017
The recent slump in the real estate industry means several major builders are unable to complete their housing projects and hand over possession to their customers, leaving them in the lurch.
PTI
Mumbai, October 8, 2017
The role of bank executives, directors and government officials has come under the scanner for alleged violations at the now-defunct Kingfisher Airlines as multi-agency probes against fugitive liquor baron Vijay Mallya gather steam, regulatory and banking sources said.
PTI
New Delhi, October 8, 2017
Even as banks continue to focus on retail loans, as they keep away from the large corporates due to their poor credit quality, a study has found an uptick in non-performing assets across many sub-segments of small loans in the year to March 2017.
BT Online
New Delhi, October 6, 2017
Total bank loans in India grew just about 5 per cent in the year to March, the slowest pace in more than six decades. Latest central bank data showed an annual growth of only 6.8 per cent for the two weeks to September 15.
Priya Kapoor
October 6, 2017
You need not cancel your investments or hide from your repayments in case of cash crunch.
Meetu Jain
New Delhi, October 5, 2017
The plush London residence of fugitive billionaire Vijay Mallya called Lady Walk was bought using the Indian tax payer's money routed through companies located in the UK, Britain's Serious Fraud Office has discovered.
BT Online
New Delhi, October 5, 2017
The Reserve Bank of India (RBI) has suggested bringing in place an external benchmark rate to link lending rates for faster transmission of rate cuts to the borrowers by the banks.
Mail Today Bureau
October 5, 2017
Five members of the committee, including Governor Urjit Patel, voted to keep rates unchanged, while Ravindra Dholakia, a prominent dovish member of the panel, voted for a cut of at least 0.25 per cent.
BT Online
New Delhi, October 4, 2017
The Reserve Bank of India (RBI) on Wednesday kept repo rate unchanged at 6% and cut statutory liquidity ratio (SLR) requirement by 50 basis points to 19.5 per cent in anticipation of upside risks to retail inflation.
BT Online
October 4, 2017
Rajnish Kumar has been named as the new Chairman of State Bank of India (SBI). Kumar, who is is currently the Managing Director of country's largest public sector lender started his career in SBI as a Probationary Officer in 1980.
PTI
October 4, 2017
The agreement was signed in the presence of Finance Minister Arun Jaitley and his Bangladeshi counterpart A M A Muhith after the two leaders held talks here.
BT Online
New Delhi, October 3, 2017
The unidentified hacker behind the data leak has asked for 15 Bitcoins (around Rs 41.89 lakh) for the information and is even offering network takedown of these 6,000 organisations for an unspecified amount.
BT Online
October 3, 2017
In its last monetary policy review, RBI had cut repo rate by 0.25 per cent to 6 per cent, citing low inflation.
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