The federal probe agency has issued a final show cause notice, after completion of the probe, to Watali for allegedly contravening the FEMA, and imposed penalty to the extent of Rs 62 lakh, it said

The country's largest lender, has reduced the interest rates on its retail term deposits, or those of amounts under Rs 2 crore, as well as bulk deposits on all the tenures offered with effect from August 26

Income tax returns: There are plenty of changes in the ITR forms this year; here is the low-down on how to file your income tax returns correctly and in a hassle-free manner

From maximising the benefits under Sections 80C and 80 D to correctly calculating benefits on your home loan and HRA, here are 5 ways to minimise your tax outgo

Earlier this month, the RBI cut repo rate by another 35 basis points to 5.4 per cent, taking the total repo rate reduction to 110 basis points. While new borrowers did get advantage of lower rates, existing borrowers have been left out

Running to the government cap in hand, at the first signs of a business downturn, hardly behoves such well-established industrial giants.

Last month, FM Sitharaman said that businesses with annual turnover of 500 million rupees will not have to pay a merchant discount rate on debit card

Airtel Payments Bank's total revenue jumped nearly 59 per cent year-on-year to Rs 254 crore for the year ending March 31, 2019, helped by growth in domestic remittance services

How to manage your money better by using latest apps and other digital upgrades

The government and other lenders, including fintech firms, need to be more aggressive in MSME lending

The regulator says non-cash withdrawal transactions such as balance enquiry and fund transfers, and financial transactions that fail due to technical reasons or non-availability of currency notes in ATM can't be counted among the 5 free transactions per month

Even if the government decides to go ahead and issue sovereign bonds in foreign currency, its rising borrowings will continue to put pressure on liquidity in the domestic market

Charges for non-maintenance of minimum balance has been defined by the State Bank of India, ICICI Bank and HDFC Bank on the basis of the location of their branches

In spite of the stress in NBFCs, home loan borrowers have little reason to worry

The shortage of funds is threatening key sectors of the economy. What the government needs to do to fix it

HDFC Bank's Net Interest Income (NII) increased 22.94 per cent year-on-year (YoY) to Rs 13,294.25 crore in the June quarter, in comparison to Rs 10,813.57 crore during the same period last year

In a statement, the Ministry of Road Transport and Highways said this lane will also be converted into FASTag-only lane in a time-bound manner