As per the revised deal, Axis Bank and its subsidiaries, i.e. Axis Capital Limited and Axis Securities Limited, have agreed to enter into revised agreements with Max Financial for the acquisition of up to 19.002 per cent of the equity share capital of Max Life

Considering additional expenditure by the government and shortfalls in tax and disinvestment receipts, ratings agency has estimated fiscal deficit to be 9% during the year FY21

Crop and tractor loans come under agriculture and allied activities loans and are not part of the eight segments or classes eligible under the scheme

The fiscal deficit at the end of the first six months of the current financial year was at Rs 9.14 lakh crore, about 114.8 per cent of the annual budget estimate

The credit card outstanding data released by the RBI had also indicated a cautious approach. There is a negative growth of 3 per cent in the first five months of 2020-21 with credit card outstanding at Rs 1.04 lakh crore

RBI had conducted an off-site examination of the records related to para-banking activity in a matter of default on the National Spot Exchange Ltd (NSEL)

Jio Payments Bank was required to submit an application on reappointment of MD & CEO four months prior to the date on which the term was to expire. The bank, however, sent the application less than a month prior to that date

Low interest rates should not become the new normal to save the financial system and address dismal economic growth. There's a need for a debate to address the growth issues by having more productive fiscal policies, better monetary policy transmission, and investment in infrastructure. The RBI, so far, has obliged with sharper cuts in key interest rates than expected in the last 18 months, which are likely to continue with the contraction of the economy in the current fiscal. In the last decade, the US and eurozone have kept interest rates at near zero level and infused surplus liquidity into the system, with no return to the growth and inflation staying below the targeted level. Watch as Anand Adhikari, Executive Editor, Business Today, explains.Also Read: India's quarterly gold jewellery demand falls 48% to 53 tonnes

PM Modi says despite the fact that the country's plans were shattered by the pandemic, it'll try and run faster next year to make up for the losses in the current year

To rejuvenate the system with new aspirations and initiatives they need to involve the entire organisation in a quick way and make this process a participatory one thus creating ownership across the organisation

Axis Bank on Wednesday reported a net profit of Rs 1,682.67 crore in the September quarter of FY21 as against a loss of Rs 112 crore in the corresponding period of last year

Currently, financial conditions in India are easiest seen in two years, says CRISIL. As per the ratings agency, the RBI's sharp rate cuts and unconventional measures have helped ease financial conditions

Bank holidays in November 2020: All the banks across the countries will not be operational on these eight days - November 1, 8, 14 (second Saturday and Diwali), 15, 22, 28, 29 and 30 (Guru Nanak Jayanti)

States have budgeted their consolidated gross fiscal deficit (GFD) at 2.8 per cent of GDP in 2020-21; however, the coronavirus pandemic may alter budget estimates significantly, says RBI report

Last week, the government had directed banks to credit the difference between compound interest and simple interest collected on loans of up to Rs 2 crore by November 5

The scheme authorises ex-gratia payment to a specific class of borrowers by way of crediting the difference between simple and compound interest for the period between March 1, 2020, and August 31, 2020, by respective credit establishments

Latest SBI Ecowrap report says government should strive to put more money into Jan Dhan accounts as a sort of third fiscal stimulus, possibly through enlarging NREGA scheme or through a scheme for urban poor

Riding high on merger report, shares of IndusInd Bank gained as much as 4.2 per cent to hit an intraday high of Rs 633 after opening higher at Rs 615.25 against previous closing price of Rs 607.45

Earlier this month, Dewan Housing Finance Corporation Ltd (DHFL) had received four bids for either picking up stake in the company or buying out assets

According to banking sources, Religare Enterprises introduced a couple of investors interested in Religare Finvest Ltd to lenders in a meeting with bankers held recently