India Post Payments Bank is finally operational and with it comes one of the biggest banking entity in the country, giving existing Payments Bank like Paytm and Airtel a run for their money.

Nirav Modi set up over 20 shadow companies, mostly in UAE and Hong Kong, to hide his loan money trail. Interestingly, the owners of all these shadow companies were the employees of his main company, Firestar Diamond.

The nationwide launch would take place in 650 branches and 3,250 access points on September 1. Prime Minister Narendra Modi would launch IPPB in Delhi.

For online merchants, Google Pay will be supported at over 2000 online apps and sites including Goibibo, FreshMenu, Nykaa, Redbus, BookMyshow and Uber.

As Kerala comes to terms with worst ever floods in nearly a century, the contribution to chief minister's distress relief fund (CMDRF) has clocked Rs 713.92 crore in just a fortnight.

The government has introduced a single application form for foreign investors to enter into the domestic capital market as part of the exercise to improve ease of doing business.

The RBI circular asks banks to identify projects with even a day's default as stressed assets, and conclude resolution proceedings in 180 days. The circular came into effect on March 1 and the 180-day deadline concludes on August 27.

The SBI advisory to its customers asking them to replace their cards is in line with the RBI directive that all magstripe cards will have to be exchanged with EMV chip cards by the end of this year.

Major indicators that driving GVA in Q1 FY19 are cement production, passenger traffic, sale of both commercial vehicle and passenger vehicles, non-food credit growth and aircraft movement among others.

IPPB will leverage reach of 1.55 lakh post office branches to provide banking and financial service to people in rural areas. This will create the country's largest banking network with direct presence at village level.

The Kushvaha family bets big on equity, but debt assets are a must to ward off volatility, says Suresh Sadagopan, Founder of Ladder 7 Financial Advisories.

Digitisation has reached a level where you can manage your entire financial world with clicks and taps. Here is what all you can do and how you can manage personal finance digitally.

Agritech companies are revamping the farm-to-fork supply chain. The big gainers are farmers.

Why Indians should be grateful to Atal Bihari VajpayeeAs the nation mourns the loss of former Prime Minister Atal Bihari Vajpayee, it's also time to remember all that he did for India's economy. He started the 'Sarva Shiksha Abhiyaan' with the aim to provide education for all. He made India a nuclear state. Pokhran 2 was conducted during his tenure. He laid the foundation of the Golden Quadrilateral in 1999 for smoother movements of products and people. He's also considered the ...

Gross NPAs have exceeded Rs 8.5 lakh crore, up 19% year-on-year, while total provision for NPAs jumped 28% (y-o-y) to Rs 51,500 crore.

The observations came after the committee noted that the rules introduced by Reserve Bank of India (RBI) to help banks to counter the non performing asset (NPA) problem have hit the MSMEs very hard.

Jet Airways, however, claimed that its account with SBI and all other banks is \"standard\" and it has not defaulted on any of its payment obligations.

Out of the two accounts on sale, Bombay Rayon Fashions Ltd owesRs 2,260.79 crore to the bank. The second account, Shivam Dhatu Udyog Pvt Ltd, has to repay Rs 229.32 crore.

Senior officials at SBI mentioned that the embattled airline is part of its overall watchlist for stressed accounts and special mention category loans as on June 30, 2018. Jet. however, had a different story to tell.

The Unique Identification Authority of India intends to equate the Aadhaar number with other personal information (such as PAN, bank account and credit card number) to caution users against placing their personal details in the public domain.