Default on payments has put NBFCs under scrutiny and exposed the fault lines in the commercial papers they have issued

The meeting will happen against the backdrop of the 'Alternative Mechanism' (AM) to merge three public sector banks -- Bank of Baroda, Vijaya Bank and Dena Bank -- with a view to create a global-size lender, which will be stronger and sustainable.

During his Independence Day speech on 15th August 2014, Prime Minister Modi announced the establishment of PMJDY as a scheme meant to increase banking penetration, promote financial inclusion and provide at least one bank account per household across the country in four years.

Cash savings as a percentage of gross national disposable income (GNDI) surged to 2.8% in the last fiscal, according to preliminary data released by the apex bank.

IPPB will leverage reach of 1.55 lakh post office branches to provide banking and financial service to people in rural areas. This will create the country's largest banking network with direct presence at village level.

PMJDY, the flagship financial inclusion drive, was launched in August 2014. The first phase ended on August 14, 2015 was focussed on opening basic bank accounts and RuPay debit card.

Green shoots emerge for residential real estate, but it isn't out of the woods.

Prime Minister Narendra Modi on August 21 will launch long-awaited India Post Payments Bank (IPPB) that will have at least one branch in every district and focus on financial services in rural areas, a senior official said.

How India stores is changing; big money sniffs fortune

Pension fund regulator PFRDA has clarified that National Pension System subscribers will now have the option to partially withdraw funds from their accounts; the GST council meets today to simplify the return filing system into one form and developed countries that have a significant stake in the global e-commerce space are coming together to oppose India's server localisation norms. BusinessToday.In Editor Rajeev Dubey explains this and more on The Good, The Bad and The Ugly.

Partial withdrawals will now be allowed to National Pension System subscribers who wish to improve their employability or acquire new skills by pursuing higher education/ acquiring professional and technical qualifications, says the PFRDA.

Equity investments should be the staple of the Ghosh family's portfolio instead of relatively illiquid real estate assets, says Financial Planner Pankaaj Maalde

The economy added 2.2 million formal jobs between September 2017 and February 2018, the payroll data released by the Employees' Provident Fund Organisation (EPFO) and the National Pension System (NPS) suggests.  This is the first time that such data has been released by a government body.

India's biggest distressed asset investor, Rashesh Shah of Edelweiss Group, has accumulated the largest pile of bad loans - over Rs 90,000 crore. Will his gambit succeed?

Finance Minister Arun Jaitley while presenting the Union Budget 2018 introduced some major changes in the tax structure which will become effective from today.

PE players have become extremely active of late. The exuberance is here to stay for some time.