Several union ministers including Narendra Singh Tomar, Nitin Gadkari, Smriti Irani, Piyush Goyal and Dharmendra Pradhan along with top business leaders such as Mukesh Ambani and Anand Mahindra will also participate in the event

On January 16, Bharat Pe and financial services firm Centrum had jointly submitted a bid to the Reserve Bank of India to acquire PMC Bank

Ahead of the IPO, IRFC had raised Rs 1,398.63 crores from 31 anchor investors. IRFC is issuing shares at a price band of Rs 25 to Rs 26

First advance estimates of national income highlight three key imperatives to revive growth: generate demand and investment cycles by directly spending more and reverse import substitution

DHFL was the first finance company to be referred to NCLT for insolvency proceedings. Before that, the company's board was superseded and R Subramaniakumar was appointed as the administrator

Setting up a BIC as a holding company or a core investment company was suggested by the P J Nayak Committee in its report on 'Governance of Boards of Banks in India'

State governments had 54.60 billion rupees ($747.03 million) loans from the RBI in the week ended Jan. 8

I would like to unambiguously reiterate that the Reserve Bank remains steadfast to take any further measures, as may be necessary, while at the same time remaining fully committed to maintaining financial stability, Das said.

The rise in net profit came on the back of increase in net interest income, which grew 15.1 per cent to Rs 16,317.6 crore in December quarter from Rs 14,172.19 crore in same quarter last fiscal

The BharatPe-Centrum combine is one of the four bidders that have made submissions to the Reserve Bank of India for acquiring PMC Bank. The other bidders include UK's Liberty Group and two independent business houses

RBI has been trying to tighten regulatory norms on the sector since Infrastructure Leasing & Financial Services, the largest nonbank financial company, went bankrupt in 2018, and Dewan Housing Finance Corp and Altico Capital defaulted on payments in 2019

On the positive side, BofA Securities said credit demand is bottoming out and the real lending rates adjusted for wholesale price inflation are falling

The instant loan apps offer loans to individuals and levy exorbitant interest rates and processing charges. These could range from 2-3 per cent per month, adding up to an average of 24-36 per cent a year

Farm bills have potential to represent important measure for agri reforms in India: IMF The International Monetary Fund (IMF) believes the farm bills passed by the Indian government have the potential to represent a significant step forward for agricultural reforms, a spokesperson of the organisation said here. There is, however, a need to strengthen the social safety net for those who might be adversely affected by the transition to the new system, Gerry Rice, Director of Communications at...

The central bank said the statutory inspection of Deutsche Bank's financial position as on March 31, 2019 and the Risk Assessment Report revealed non-compliance with the 'Reserve Bank of India (Interest Rate on Deposits) Directions, 2016'

India's lockdown-struck gross domestic product (GDP) contracted an unprecedented 23.9 per cent, the worst among major economies, during the first quarter of FY21. However, the pent-up demand pushed up consumption, but shrank GDP by 7.5 per cent in the following quarter. With RBI predicting a small growth, in the third and fourth quarters, the current financial year is likely destined to go down in history as India's fifth recession. Watch as Business Today holds a pre-budget discussion with experts from different industries, including D.K. Joshi, Chief Economist, CRISIL; Gopal Krishna Agarwal, National Spokesperson, BJP on Economic Affairs; Prof. Gourav Vallabh, Spokesperson, Indian National Congress; Mukesh Butani, Managing Partner, BMR Legal Advocates; Nilesh Shah, Managing Director, Kotak Mahindra Asset Management Company; and Akhil Gupta, Vice-Chairman, Bharti Enterprises. They offer their  suggestions for economic growth and expectations from the upcoming budget. Also Read: India's industry output contracts 1.9% in November, bucks revival trend

Following the news, Bharti Airtel share price opened higher at Rs 542.80 and later gained 2.62% intraday to Rs 554.40 against the previous close of Rs 540.25

In February last year, RBI had announced a revised Liquidity Management Framework (LMF) that was simplified and \"clearly communicated\" the objectives and toolkit for liquidity management

Three NBFCs whose registrations were cancelled are UP-based Abhinav Hire Purchase, Gurugram-based Jupiter Management Services and Assam-based NE Leasing and Finance

Share of Oberoi Realty rose 6.88% to Rs 628 against previous close of Rs 587.55. Share of Sunteck Realty too gained 6.34% to Rs 369 in early trade against previous close of Rs 347.30.