The shareholders of Kerala-based Dhanlaxmi Bank have voted out Sunil Gurbaxani as MD & CEO at the annual general meeting (AGM) on Wednesday

R Baskar Babu, Co-founder and CEO, Suryoday Small Finance Bank, says the moratorium was around 80 per cent, to begin with, which dropped to 35 per cent in August, the last month of it

RBI's new guidelines for credit and debit card companies will come into effect on October 1; Centre has said maintenance of vehicular documents, including driving licences and e-challans, will also be done online from tomorrow

State Bank of India (SBI) has announced a new facility for its customers using which they can check their account balance, view passbook and make transactions without logging in to the app

Aaditya Thackeray who is the environment and tourism minister, said the issue of resumption of suburban train services for common citizens is being considered as part of efforts to bring the state's economy back on track

Companies have time to approach banks for loan restructuring from September 15 till December 2020

Amid the economic slowdown owing to the ongoing coronavirus crisis, expectations are high about the next fiscal stimulus by the government

Gold, Silver prices today: Overseas, Spot gold fell 0.5% to $1,889.66 per ounce, after hitting a one-week high of $1,899.12 earlier in the session. U.S. gold futures were down 0.4% at $1,895.40, while Comex gold was trading 0.20% lower at $1,890 per ounce.

While the first phase of COVID-19 pandemic saw the launch of sanitisers, disinfectants and even vegetable cleaners on a war-footing, as the new normal sets in, companies have fast-tracked their innovation pipeline to launch specialised products

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While the clarifications were much awaited, some of them may require immediate changes to business processes and the assessees have only one day before the provisions come into effect

Restricted mobility under coronavirus lockdown curtailed consumption and clamped demand that mercilessly pummelled the revenues of around 3,100 companies

The private sector lender Axis Bank has spelt out much wider norms for COVID-19 impacted retail borrowers of home or car loan for considering their request for a two-year loan restructuring

Days after a temporary ban by Google, payments firm Paytm has brought back its IPL-led cashback scheme; The Appointments Committee of the Cabinet has approved the appointment of PD Vaghela as the new Chairman of Telecom Regulatory Authority of India (TRAI); Reeling under severe cash crunch and tepid demand, micro, small and medium enterprises (MSMEs) led by SME Chamber of India have urged the Reserve Bank of India (RBI) to allow banks to undertake cash flow-based lending for the struggling sector. Watch this and more on News Blast.Also Read: Income tax return filing: 5 common mistakes that can get you I-T notice

State Bank of India will not conduct any written exam but select candidates on the basis of interview as well as relevant work experience

Asian markets that opened bullish today ended lower for the day. European markets traded in the red as investors fretted over another wave of the coronavirus pandemic that can spark tighter lockdown measures

Under the scheme, the government has extended twice the interest subvention that comes up to Rs 4,600 crore for a loan amount of Rs 22,000 crore

LVB, in a regulatory filing, said the committee of independent directors will exercise the discretionary powers of MD & CEO in the ad-interim, which includes Meeta Makhan, Chairperson of the CoD, Shakti Sinha, Member and Satish Kumar Kalra, Member

Three Apple suppliers plan to commit $900 million to India's production-linked incentive planThree of Apple Inc's top contract manufacturers plan to invest a total of almost $900 million in India in the next five years to tap into a new production-linked incentive plan, according to two sources familiar with the matter. Foxconn, Wistron and Pegatron all plan to make investments under the scheme, said the sources. India's new $6.65 billion production-linked incentive (PLI) scheme offers compa...

The government and the RBI need to work in tandem to have a comprehensive inflation strategy for the medium term to reduce any adverse impact of pandemic which is still raging in India. At a time when the RBI has no option but to keep interest rate low and infuse liquidity, the retail inflation poses a big danger. The retail inflation or the consumer Price index has been over 6 per cent plus for the fifth month in a row, which is above the RBI's tolerance limit. This steep rise in inflation is a bit puzzling when there is a widespread demand destruction post the Covid lockdown. While food prices , which have over half the share in the CPI basket , is the main culprit , the inflationary expectations in the economy are also on the rise. A large government borrowing programme and a likely debt monetisation would also add fuel to inflation fire.  Watch the video as Anand Adhikari, Executive Editor, Business Today, explains the strategy the country needs to adopt. Also Read: Get ready for 'restructured' tag in credit report for loan reset