The MSMEs are always pampered by the government as they generate employment and helps in inclusive growth. But MSMEs pampered in the past could create assert quality issues in future.

Of the 1198 bankrupt companies admitted for resolution, just 52 are being sold until September end. The liquidation process has started in 212 cases. There are 816 cases pending for resolution.

PNB Housing Finance posted a jump of 33% in consolidated net profit at Rs 252.99 crore in the second quarter ended September 2018

HSBC executes India's first overseas blockchain payment for Reliance IndustriesBritish bank HSBC has executed India's first financial transaction using blockchain for a deal involving an export by Reliance Industries to an American client. The blockchain-enabled letter of credit transaction was for a shipment from the Mukesh Ambani-led company to US-based Tricon Energy, and helped reduce the time required to process the documents. The statement claimed that the solution is a significant impro...

The country's largest lender said the e-auction of these NPA accounts will take place on November 22. Of these 11 accounts, Janki Corp Ltd has the highest outstanding dues of Rs 592.53 crore.

In a clear reference to Acharya's remark, Department of Economic Affairs Secretary Subhash Chandra Garg tweeted that the economic parameters continued to remain strong with no backlash from markets.

SEBI orders Sahara Group to refund Rs 14,000 crore to investorsIn a major setback to Subrata Roy, SEBI has found that another Sahara group firm has raised over Rs 14,000 crore in violation of legal norms and has issued a fresh order on Wednesday to the company and its directors to refund the money to investors with 15 percent annual interest. The order relates to collecting funds between 1998 and 2009 from nearly 2 crore investors through through optionally fully convertible debentures (OFCD)...

The ongoing confrontation between the government and RBI has waded into uncharted territory.

The Section 7 of the RBI Act empowers the government to give directions to the central bank on matters of public interest.