The city-headquartered pureplay mortgage lender is the first NBFC/HFC to go for bankruptcy resolution

Former RBI governor C Rangarajan said that if at all the GDP becomes a $5-trillion gorilla, India's per capita income will grow around Rs 2.58 lakh up from the present around Rs 1.29 lakh, leaving us still in the low-middle income country bracket

The non-bank financing giant Dewan Housing Finance Corp Ltd (DHFL) will go into insolvency proceedings, the central bank said on Wednesday, making it the first financial institution to test the new laws

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

The states have proposed that the matter be put up on the agenda of the next GST Council meet to address the issue assuring compensation in future with \"due urgency and judiciousness\"

Formerly known as Catholic Syrian Bank, the private sector bank aims to raise Rs 410 crore by issuing fresh equity shares and offer for sale of shares by existing shareholders

The divergence in net NPAs of the bank --the difference in bad loans reported by the bank and the assessment done by the RBI -- stood at Rs 2,299 crore for 2018-19, YES Bank said in a filing to BSE

The central bank has already chopped 135 basis points off its key lending rate, but this has failed to spur demand

The 20-day session, scheduled between November 18 and December 13, will see the introduction of 27 bills, consideration and passage of 12 Bills and withdrawal of seven

The last revision in the current limit of deposit insurance was effected on May 1, 1993, after the Bank of Karad collapsed in the securities scam of 1992

Tata Sons chairman N Chandrasekaran's comments came a day after a media report said that half of the thermal power plants in the country are shutting down

\"I want no company to shut operations. I want everyone to be up and running. We want the economy to have good number of companies in business and flourish in their business.\" said Finance Minister Nirmala Sitharaman

Boosted by the development, SBI share price gained as much as 5.27 per cent to touch an intraday high of Rs 322 apiece against previous close level of Rs 306.10

Walmart incurs $290 million impairment due to Jabong acquisition; eyes robust growth from Flipkart, PhonePeWalmart took a non-cash impairment charge of$290 million for the value of the 'Jabong' trade name in the third quarter, even as the US retail giant continues to bet on the \"significant opportunity for growth\" presented by the Indian market.The Bentonville-based company logged a 2.5 per cent rise in revenue at $128 billion for the third quarter, even as its operating income ...

In the police's initial charges, billionaire jeweller Nirav Modi, 21 other people, including PNB officials were accused of being involved in fraudulent transactions that led to losses of roughly 65 billion rupees for PNB

Every year, State Bank of India organises Green Marathons in several cities to promote environment sustainability and better living conditions for future generations

Central bank data shows that since the controversial demonetization gambit, currency in circulation has grown, rising 17% to 21.1 trillion rupees ($295.7 billion) as of the end of March 2019

The sharp rise in CPI is scary for borrowers both individual and corporate as the Reserve Bank of India targets retail inflation to fix the short-term repo rate