Continuing its gaining streak for the second stright session, PNB share price gained as much as 3.42 per cent to hit a day's high of Rs 61.95 after opening higher at Rs 61.80 on the BSE

Home, auto loans to get cheaper! RBI makes repo-linked interest rates mandatoryThe Reserve Bank of India has mandatorily asked banks to link their loan products to key repo rates or external benchmarks. The change will come into effect from October 1, 2019. The move will make home loans and auto loans cheaper from October onward as the banks will now be forced to pass on the multiple rate cuts the RBI has made in recent monetary policy meetings.Unemployment rate hits three-year hi...

Moody's has also maintained a stable outlook on Canara Bank, Oriental Bank of Commerce (OBC), Syndicate Bank and Union Bank. While the local and foreign currency deposit ratings of these public sector banks were maintained at Ba1/NP, the BCAs and Adjusted BCA were affirmed at ba3

Corporate India's interest outgo is growing faster than its operating income. As sectoral issues combine with a slowdown to pull down earnings, servicing debt could become more challenging

YES Bank would raise the authorised share capital by increasing the equity shares to 450 crore equity shares of Rs 2 each, amounting to Rs 900 crore from the current 300 crore equity shares of Rs 2 each that total Rs 600 crore

The less-than-anticipated GDP growth rate puts further pressure on the Modi government to announce meaningful reforms that can bring back the economy on growth trajectory

Tata Motors share price, which closed at Rs 528.3 on August 30, 2016 ended at Rs 116.75 level on BSE on Friday. An investment of Rs 1 lakh in Tata Motors shares on August 30, 2016, would have decreased to Rs 22,099 today.

Various polls says the Indian economy will likely grow at a year-on-year pace of 5.7 per cent in the June quarter; several economists are even predicting the GDP numbers could be down to 5.2 per cent

YES Bank share price extended decline for the second consecutive session after global rating agency Moody's Investors Service downgraded private lender's long-term foreign-currency issuer rating to Ba3 from Ba1.

Moody's said that the negative outlook reflects the risk of further deterioration in the YES Bank's solvency, funding or liquidity, as the bank continues to work through the asset quality issues and rebuilds its loss absorbing buffers

Foreign investors pulled out Rs 8,319 crore on a net basis from capital markets in the first half of August, continuing their selling spree in the Indian market amid uncertainty over FPI tax and global trade worries.

Announcing revision in its growth forecast for 16 Asian economies, Moody's said weaker trade and investment weigh on GDP growth, despite stable private and public consumption in the region

Though Nirmala Sitharaman had earlier declined to comment on the speculations of a stimulus package, she has been meeting industry representatives for the past several days to understand their concerns

CARE Ratings has downgraded ratings on the long-term bank facilities of Tata Motors to 'AA-/Negative' from 'AA/Stable', but reaffirmed rating on short term bank facility and commercial paper at 'A1+'

According to Moody's, the downgrade reflects renewed pressure on the cost and availability of funds for Indiabulls Housing Finance and certain other finance companies in India

Credit rating agencies assess financial strength of companies and their ability to meet debt repayment obligations