SBI has said that it will not charge any fee from its customers for upgrading their debit cards before December 31

State-run lenders had posted aggregate operating profits during 2017-18 and 2018-19 of Rs 1,55,603 crore and Rs 1,53,871 crore respectively

PSBs had posted huge losses in 2017-18 and 2018-19 financial years due to heavy provisioning for non-performing assets and other contingencies, said Minister of State for Finance Anurag Singh Thakur in Parliament

The second and concluding part looks at how the quarterly GDP estimates use the organised sector indicators to measure the unorganised sector, which contributes nearly 50% to the GDP, thereby giving a misleading picture of the state of economic health

All the key economic indicators have been on a downward swing for quite some time. If this slide is not checked India may slip into recession sooner than later. In this first part of a two-part series, the article looks at what the major economic indicators are telling about the state of Indian economy

Insolvency and Bankruptcy Rules of 2019 would help but more needs to be done: tighter RBI control and supervision, infusion of long-term funds (including capital) and reduction in mismatch in assets and liabilities

The big scams to the tune of Rs 26,757 crore between April and November this year were reported by the SBI to the regulators in comparison to Rs 10,725 crore in FY19, according to data revealed in the initial public offering (IPO) document of SBI cards

The shadow banking sector has been battling a credit crunch ever since one of the sector's biggest firms Infrastructure Leasing & Financial Services collapsed in late 2018 amid fraud allegations

Co-operative sector banks, particularly the urban co-operative banks (UCBs), are falling apart slowly but surely with mounting stressed assets, the full extent of which may not be known

These tweets and warnings come after scores of Paytm users registered complaints with the company's cyber cell and the RBI ombudsman over fraudulent claims

The Reserve Bank is closely monitoring the situation at the bank and a forensic audit is underway, governor Shaktikanta Das had said earlier amid persisting uncertainty over depositors' funds

The bank listed the RBI\"s observations from a recent inspection among the risk factors to its business in the Draft Red Herring Prospectus filed with SEBI

The external directors raising the issue comes at a time when the RBI is facing a lot of flak over its inspection and oversight mechanism efficiency.

PMC Bank case: Finance Minister Nirmala Sitharaman says the group will have two secretaries of the finance ministry and deputy governor-level officials from the RBI

Countries which are capable of creating innovative infrastructure to tap the entrepreneurial force of young people will succeed

Infosys expands strategic partnership with Google CloudInfosys on August 21 announced it has expanded its partnership with Google Cloud to become a Google Cloud Managed Service Provider (MSP). As a qualified MSP, Infosys will offer clients full application lifecycle services with its deep cloud and data analytics expertise, the Bengaluru-headquartered company said in a statement.P Chidambaram arrested amid high drama, to appear before CBI court on ThursdayFormer Finance Minister P...

How to manage your money better by using latest apps and other digital upgrades

Why GST collections have been short of target. And why they may not pick up any time soon