The RBI adopted multiple regulatory forbearance measures and ultra-loose monetary policy to counter economic headwinds. Now it has to work out an exit roadmap

Fuel demand contracts 9.1% in FY21; first since 1998-99India's fuel demand contracted by a massive 9.1 per cent in the financial year ended March 31, the first in more than two decades, as a stringent lockdown imposed to curb the spread of the pandemic pummelled economic activity, government data showed on Friday. This is the first time that the fuel consumption has contracted since 1998-99, the most historical year for which government data is available. The demand contraction was led by di...

To begin with, Citroen has set up dealerships in 10 major cities in the country but given the pandemic situation, its focus is more on online sales. It has also launched 100% direct online buying for the C5 Aircross SUV which covers customers in over 50 Indian cities outside the dealer network

Sandeep Bhardwaj, CEO, Retail at IIFL Securities said the IPO pipeline remains strong with 28 companies holding markets regulator Sebi's approval for raising nearly Rs 28,710 crore through initial share-sale going forward

Former Deputy Governor of Reserve Bank K C Chakrabarty, a commercial banker-turned-central banker, died at his home in suburban Chembur

There will be large banks having presence across the country and the world, mid-size banks present across the economy, small finance banks/regional rural banks/cooperatives to take care of the small borrowers and digital players, Das said

The apex court on Thursday had stayed proceedings in the Delhi High Court on giving priority to the legal fraternity for administering COVID-19 vaccine and favoured transferring the suo motu case on the issue to itself for adjudication

Rapid digitisation and scaling up of non-banking businesses, from cards to insurance and MFs to YONO, have helped SBI transform itself

Banks' ability to transform themselves with speed and agility to survive the next revolution will determine the winners and losers

Digitisation and proposed ARC for bad loans and development financial institution will help the banking industry reboot. The 25th edition of the BT-KPMG Best Bank Study brings you future ready banks and Fintechs

Among a series of glitches since 2020, the one at NSE is the latest, which forced India's largest bourse to shut down for nearly four hours. A look at some 'technical glitches' at major financial and industrial institutions that have occurred in recent past

Stock Market News Updates Today: Sectorally, all the other indices were trading with decent gains. Metal index was up 2.5%, while private, PSU Bank and financial indices rose 1.5% to 2% today

Stock Market Updates Today: Sectorally, except for IT and pharma index, all the other indices ended with decent gains. Private, PSU Bank and financial indices closed 3% higher today.

Private wealth creators are solely responsible for India's banking stress; increasingly fleeing India with their wealth and bank loans, and those making huge profits are doing so by cutting jobs and wages

How workflow automation is helping organisations become more efficient by reducing errors and operational costs

The scheme of amalgamation of Allahabad Bank into Indian Bank came into force from April 1, 2020

India needs to collect and declare credible data on stressed assets, identify sectors and companies where these are accumulated and be transparent in insolvency resolution before jumping to a new mechanism

RBI's database, reports and other evidence show India is credit surplus; large industrial houses have high debt stress, and that easy credit poses serious macro-financial risks to the economy

The Budget focuses on growth to create jobs but lacks holistic measures to solve the problem of massive unemployment

Move to set up an ARC/AMC as a proxy for bad bank and a Development Financial Institution is aimed at taking the load of risky assets from banks. It is easier said than done