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PTI
Mumbai, May 6, 2016
RBI said it has repealed and superseded regulations under the Foreign Exchange Management (Deposit) Regulations, 2000, in consultation with government.


PTI
New Delhi, May 6, 2016
The Lok Sabha on Thursday passed Insolvency and Bankruptcy Code Bill that seeks to update and consolidate existing laws in this regard. Once the Bill becomes a legislation, it will enable faster exits for companies.


Reuters
May 5, 2016
The Reserve Bank of India (RBI) has issued proposals for the relaxation of requirements for banking licences in the latest effort to boost a sector struggling with $100 billion of stressed debt that is choking the financial system and hitting economic growth.


Rajesh Kumar Singh, Neha Dasgupta
New Delhi, May 5, 2016
India is considering setting up an independent panel to help state-owned banks negotiate settlements with big businesses on bad loans, in order to shield bankers from a populist backlash.


PTI
Mumbai, May 5, 2016
The rupee recouped from its morning losses against the American currency and ended barely steady at 66.55 on mild selling of dollars by banks and exporters in view of recovery in the domestic equity market.


Reuters
May 4, 2016
The Nikkei/Markit Services Purchasing Managers' Index eased to 53.7 in April from 54.3, but chalked up its 10 straight month above the 50-level that separates growth from contraction.


PTI
Mumbai, May 4, 2016
Fresh foreign capital outflows also affected the rupee value against the dollar, a forex dealer said. Foreign portfolio investors and foreign institutional investors sold shares worth a net Rs 755.28 crore on Tuesday, as per provisional data released by the stock exchanges.


PTI
New Delhi, May 4, 2016
The average annual exchange rate fell by over 6 per cent to 65.5 per dollar in 2015-16 as against the previous year as the greenback remained stronger than most currencies globally.


PTI
Frankfurt, May 4, 2016
\"We are targeting to make India a low-cost economy by way of reducing our interest rates, by reducing our tax levels, reducing the cost of logistics and the transaction cost of our economy,\"  Shaktikanta Das said.


PTI
New Delhi, May 3, 2016
The rupee trimmed its initial gains against the American currency and closed marginally up up by 2 paise to 66.42 per dollar on selling of dollars by banks and exporters amidst fall in equity market.


PTI
New Delhi, May 3, 2016
The portion set aside for qualified institutional buyers (QIBs) was oversubscribed 34.33 times, while bids from non-institutional investors were 136.25 times the shares on offer for the category, sources said.


PTI
Mumbai, May 2, 2016
The IPO of microfinance player Ujjivan Financial Services has been oversubscribed 1.22 times during the morning trade on the last day of the offer on Monday.


PTI
New Delhi, May 2, 2016
The seasonally-adjusted Nikkei India Manufacturing Purchasing Managers' Index (PMI) -- a composite indicator of manufacturing performance -- fell from 52.4 in March to 50.5 in April, pointing to the weakest improvement in business conditions in the current four-month sequence of above 50 readings.


By Anand Adhikari
Delhi, May 2, 2016
The government plans to shake up the traditional governance structures of public sector banks. But it is easier said than done.


Anand Adhikari
Delhi, May 11, 2016
In the past five years, the performance of discoms has only deteriorated, with accumulated losses at a staggering Rs 3.8 lakh crore. The outstanding loan has more than doubled, from Rs 2 lakh crore to Rs 4.3 lakh crore.


PTI
Mumbai, May 2, 2016
Kochhar herself was paid 'performance bonus' of over Rs 1.6 crore for the fiscal 2014-15, as per the bank's annual report for that year. Among others, Executive Director N S Kannan was paid a performance bonus of over Rs 1.1 crore.


Reuters
New Delhi, May 2, 2016
The measure marks a vital step towards completing India's quarter-century-old transition from socialism to a market economy that has so far been unable to adequately address what to do when companies fail.


PTI
Mumbai, May 2, 2016
Fresh foreign capital outflows also affected the rupee sentiment, a forex dealer said.


PTI
New Delhi, May 2, 2016
At the end of December, as many as 701 accounts with bad loans exceeding Rs 100 crore owed public sector banks (PSBs) Rs 1.63 lakh crore, while SBI accounted for the biggest chunk.


PTI
New Delhi, April 29, 2016
RBI said the private lender has passed resolutions at its Board of Directors' level and a special resolution by the shareholders, agreeing for enhancing the limit for the purchase of its equity shares and convertible debentures by FIIs/RFPIs.


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