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

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

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

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

The Chinese Communist Party is a predator. The US comes in a different way, we come as a friend, Pompeo said in response to a question

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

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

The total income of SBI Life Insurance jumped by 45 per cent to Rs 18,458 crore in Q2 FY20, against Rs 12,745 crore in the year-ago period

Sectorally, all the indices traded in red today, with the auto index dropping over 3%, followed by a 2.7% decline in media and a 2% drop in realty index

Gold, Silver prices today: Gold, viewed as a hedge against inflation and currency debasement has risen over 25% this year, supported by unprecedented monetary stimulus from major central banks

India Stock Market Highlights Today: Reliance Industries, followed by Tata Steel, Bajaj Finance, Asian Paints, M&M, ICICI Bank and Bajaj Finserv were among the top laggards in the Sensex pack today. On the other hand, IndusInd Bank, Nestle India, PowerGrid and L&T were among the gainers

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

The cash-strapped group has, however, maintained its earlier estimates of addressing more than 50 per cent of the overall debt of over Rs 99,000 crore as of October 2018

India's smartphone shipments hit record high in Q3 2020; Xiaomi, Samsung, Vivo top charts; Bank credit rises to Rs 103.44 lakh crore; The world's largest vaccine maker by volume, Serum Institute of India (SII), is readying one billion doses of five different COVID-19 vaccines worldwide before the end of 2021-22. Watch this and more news on News Blast.

The central board of Reserve Bank of India (RBI) met on Friday to discuss the current economic scenario, continued global and domestic challenges and various areas of operations of the central bank

In the previous fortnight ended September 25, 2020, bank credit had grown by 5.15 per cent to Rs 102.72 lakh crore and deposits rose by 10.51 per cent to Rs 142.64 lakh crore

Sanyal's reaction came after the former Reserve Bank of India Governor Raghuram Rajan recently cautioned against import substitution by erecting tariffs under the 'Aatmanirbhar Bharat' initiative