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Dipak Mondal
New Delhi, September 3, 2018
The rating agency expects that further Rs 4.2 lakh crore worth of stressed loans would become sustainable by 2019


BusinessToday.In
New Delhi, September 3, 2018
Payments banks can only accept deposits of up to Rs 1 lakh per customer in a savings/current account.


BusinessToday.In
September 3, 2018
The employees of Reserve Bank of India (RBI) will go on a two-day mass leave on September 4 and 5.


BusinessToday.In
September 3, 2018
Niti Aayog vice chairman Rajiv Kumar today said that it wasn't demonetisation but deleveraging of credit under former RBI governor Raghuram Rajan that led to economic slowdown.


BusinessToday.In
New Delhi, September 3, 2018
The RBI's move signals that gold could be in demand as a store of value given the declining returns and capital values of fixed-income bonds in a rising interest rate environment.


BusinessToday.In
New Delhi, September 3, 2018
Bankers said that the jump in transactions was driven by wider adoption and users repeatedly choosing to use UPI for their payments activities.


Anand Adhikari
New Delhi, September 3, 2018
The Non Banking Finance Companies sector with over 11,000 players of all shapes and sizes is showing reduced numbers.


Anand Adhikari
New Delhi, September 3, 2018
There is no respite for the rupee as it breaches the 70 mark against the US dollar.


Prosenjit Datta
New Delhi, September 3, 2018
SMEs hit hard, india still a cash economy.


BusinessToday.in
New Delhi, September 3, 2018
Wipro wins biggest ever contract, over $1.5 billionIndian software services exporter Wipro Ltd has won its biggest-ever contract worth more than $1.5 billion with U.S.-based Alight Solutions LLC for digital services as reported by Reuters. Wipro would earn $1.5-1.6 billion in revenues over the tenure of the deal, which will include services in health, human resources and finance.The deal is expected to be completed in the quarter ending September.  Income Tax dept to wait til...


PTI
September 2, 2018
While FDI from Mauritius totalled USD 13.41 billion as against USD 13.38 billion in the previous year, inflows from Singapore rose to USD 9.27 billion from USD 6.52 billion.


BusinessToday.In
September 1, 2018
SBI's rate hike comes a month after the Reserve Bank of India raised benchmark lending rate called repo rate by 25 basis points to 6.5 per cent.


Prosenjit Datta
August 31, 2018
The problem is that two big objectives that the Prime Minister had touted in his late evening speech - about catching black money and weeding out fake notes - have been less than successful to say the least.


Anand Adhikari
New Delhi, August 31, 2018
The central bankers and governments of the EM countries have taken a number of steps to protect the value of their currencies


BusinessToday.In
New Delhi, August 31, 2018
ICICI Bank votes for Chanda Kochhar's reappointment to board; Rana Kapoor to remain Yes Bank CEO and MD till further notice from RBI; Vodafone and Idea get ready to become Vodafone Idea; and after Future Retail and More, Amazon adds Spencer's to cart. Watch more in this episode of Business Wrap.


BusinessToday.In
August 31, 2018
The rupee's near-continuous slide against the dollar - it has depreciated 3.3% in this month alone - is sending importers scurrying to cover their overseas payment liabilities and hedge currency exchange risk.


BusinessToday.in
New Delhi, August 31, 2018
Rupee plunges to record low of 71 against US dollarThe Indian rupee collapsed to a fresh record low of 71 against the US dollar for the first time ever by falling 26 paise on persistent demand for the US currency amid rising crude prices, news agency PTI has reported.Rupee is worst performing currency in Asia on year-to-date basis. Rana Kapoor to remain Yes Bank CEO and MD till further notice from RBIPrivate sector lender Yes Bank today said it has received RBI's approval for the ...


BusinessToday.In
August 31, 2018
The stock fell 6.60% to intra day low of 338 today. At 12:10 pm, the stock was trading 5.50% or 20 points lower on the BSE.  It opened at a loss of 5.22% in trade today.  Its market capitalisation fell to Rs 78,984.09 crore on the BSE.


BusinessToday.In
August 31, 2018
Analysts expect rupee to hit the 72 level per dollar if the current situation persists. The Indian currency is down 3.3% in August and nearly 10% this year so far - making it the worst-performing currency in Asia.


PTI
August 31, 2018
In June this year, Yes Bank's shareholders had approved the re-appointment of Rana Kapoor as the chief executive and managing director for three years, subject to final approval from the Reserve Bank of India.


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