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PTI
New Delhi, July 22, 2018
Punjab National Bank and Allahabad Bank may take a call on further action to be taken against two executive directors and the MD chargesheeted in the Rs 14,000 crore Nirav Modi fraud case, sources said.


PTI
New Delhi, July 22, 2018
The rupee has been among the worst-performing currencies against the dollar compared with its peers so far this year and breached the 69-mark against the US dollar amid multiple headwinds, including global uncertainties and concerns over inflation.


BusinessToday.In
July 22, 2018
Last year In April, the RBI through a confidential circular to banks had highlighted concerns about the ATMs running on Windows XP and/or other unsupported operating systems.


Mail Today Bureau
July 21, 2018
The introduction of the new Rs 100 notes comes at a time when the industry still has not completed the recalibration of all ATMs to dispense the newly introduced Rs 200 notes.


BusinessToday.In
New Delhi, July 20, 2018
In a letter to the chief executives of banks, the finance ministry said that the banks should start providing NFC-enabled credit and debit cards as it is the next generation of innovation in plastic money.


BusinessToday.In
July 20, 2018
The Indian currency plunged 7 paise in trade today compared to yesterday's record low close of 69.05 against the US currency. The currency opened at 69.01 level today


Nevin John
New Delhi, July 19, 2018
The top industrialists in the country have been quite reluctant in publicly voicing their concerns about the economy in all these years. The scene is changing now.


PTI
New Delhi, July 19, 2018
The domestic currency suffered a major setback as forex sentiment turned wobbled once again with a resurgent dollar and a slew of local issues sparking jitters among investors.


BusinessToday.In
New Delhi, July 19, 2018
The National Company Law Tribunal (NCLT) gave its approval to the consortium of JSW Steel and AION Investments Private II Limited to acquire cash-strapped Monnet Ispat and Energy Limited on Thursday.


Prosenjit Datta
New Delhi, July 19, 2018
The true extent of the NPA problem only started becoming clear once then RBI governor Raghuram Rajan initiated the Asset Quality Review (AQR) in 2015


BusinessToday.In
July 19, 2018
The Rs 100 denomination note will come in lavender colour and bear a motif of \"RANI KI VAV\" on the reverse, depicting the country's rich cultural heritage.


BusinessToday.In
July 18, 2018
The move comes after liquor baron Vijay Mallya, PNB scam accused diamantaire Nirav Modi and Mehul Choksi gave a slip to the authorities.


Prosenjit Datta
New Delhi, July 18, 2018
India has a huge official data and statistics problem and the problem is only growing bigger by the day.


PTI
New Delhi, July 17, 2018
Counsel appearing for the consortium of banks and FIs tells the apex court that Jaiprakash Associates Limited and Jaypee Infratech Ltd are separate legal entities, and if JAL is forced to pay for JIL then it will have adverse impact on JAL.


PTI
July 17, 2018
The finance ministry is likely to infuse about Rs 10,000 crore within a few days in some state-owned lenders including PNB, Corporation Bank and Central Bank of India, to help them meet regulatory capital requirement.


Mail Today Bureau
July 17, 2018
The next step for LIC is to approach market regulator Sebi, as the bank, which is also state-owned, is a listed entity. Insurance regulator IRDAI has already given its approval to the insurer for the stake purchase.


PTI
July 16, 2018
The Wholesale Price Index (WPI) based inflation stood at 4.43 per cent in May and 0.90 per cent in June last year.


BusinessToday.In
New Delhi, July 16, 2018
The whistleblower, reportedly an anonymous ICICI Bank employee, had written to the bank and the RBI in March alleging irregularities in the conduct of 31 borrower accounts, resulting in incorrect asset classification.


Mail Today Bureau
July 14, 2018
The Fortis board of directors picked up IHH offer to infuse Rs 4,000 crore by way of subscription to preferential shares, over rival TPG-Manipal consortium's offer that included Rs 2,100 crore infusion and merger of Manipal Hospitals with Fortis Healthcare.


PTI
New Delhi, July 13, 2018
BNP Paribas today said the Reserve Bank of India will go for another 0.25 per cent hike in key policy rates at its August monetary policy review, a day after an official data showed retail inflation rising to a five-month high of 5 per cent in June.


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