Till now 12 banks are under the purview of PCA framework. 11 are public sector banks (PSB) and one is a private bank. Seven out of 12 banks have shown improvement after coming under the RBI's PCA list.

Washington said on Friday it was considering waivers for nations that were reducing imports of Iranian oil. The announcement is the first indication that Washington is considering such waivers.

Top industry sources said Indian Oil Corp (IOC) and Mangalore Refinery and Petrochemicals Ltd (MRPL) have contracted 1.25 million tonnes of Iranian oil for import in November, the month when the US sanctions against Iran's oil sector kick-in.

The ED had registered a money laundering case against Sterling Biotech and its promoters, the Sandesara brothers, last October, taking cognisance of a CBI FIR on charges of alleged corruption.

New jobs rise to 11-month high of 9.51 lakh in JulyNew job creations in July rose to an 11-month high of 9.51 lakh, taking the total tally of new enrolments to 61.81 lakh since September 2017, according to the EPFO's payroll data. Job addition numbers, which are based on new members enrolled in various social security schemes of EPFO such as pension, PF and insurance, were 9,51,423 in July -- the highest in any month since September 2017 when the retirement fund body started rel...

Oil refiners such as state-owned Indian Oil Corp (IOC) and Mangalore Refinery and Petrochemicals Ltd (MRPL) could use UCO Bank or IDBI Bank to route oil payments to Iran.