With the government unwilling to foot the bill on digital transactions and no viable business model for banks, there are no incentives for banks to maintain the UPI infrastructure

Announcing its first-quarter results, Citigroup said it was closing retail banking operations in 13 countries across Asia, and parts of Europe to concentrate more on wealth management outside the US

While the reading will be heavily skewed by the plunge in activity a year earlier, the expected jump would be the strongest since at least 1992, when official quarterly records started, according to the median forecasts of 47 economists polled by Reuters

The RBI adopted multiple regulatory forbearance measures and ultra-loose monetary policy to counter economic headwinds. Now it has to work out an exit roadmap

Saying that the second wave presents a risk to India's growth forecast, Moody's said the Indian economy is still likely to grow in double-digits in 2021.

Deposits rose 11.4 per cent to Rs 151.13 lakh crore in the financial year ended March 31, 2021, data released by the Reserve Bank of India (RBI) showed

The International Monetary Fund Deputy Chief Economist, Petya Koeva Brooks, in an interview to PTI on Friday also made a strong case for an additional economic stimulus to address the impact of the pandemic on the country's economy

There's the good news that there is faster global growth driven primarily by the US, China, and India, having strong rebounds, World Bank president David Malpass

RBI has stated that accommodative stance will prevail as long as necessary to sustain growth on a durable basis and continue to mitigate COVID-19 disruptions, while keeping inflation under check

Share of Tata Steel rose 2.55% to Rs 884.85 against previous close of Rs 862.85 on BSE.

The RBI today announced that it is proposing to enable non-bank payment systems like PPIs, card networks, wide-level ATM operators, among others to take direct membership in the Centralised Payment Systems

RBI Governor Shaktikanta Das says MPC kept its estimate for economic growth unchanged at 10.5 per cent for FY22. MPC also saw inflation edging up to 5.2 per cent in first half of new fiscal from 5% in January-March period and moderate to 4.4 per cent in Q3

RBI MPC meet announcements: GDP growth forecast for FY2021-22 has been retained at 10.5 per cent, consisting of 26.2 per cent in Q1, 8.3 per cent in Q2, 5.4 per cent in Q3 and 6.2 per cent in Q4

Reserve Bank of India's Monetary Policy Committee decides to retain its 'accommodative' policy stance; projection of real GDP growth for 2021-22 is retained at 10.5%

Switzerland's No. 2 bank, which has dumped over $2 billion worth of stock to end exposure to Archegos, said Chief Risk Officer Lara Warner and Brian Chin, the bank's investment banking head, were stepping down following the losses

Particularly within SBI Card, now, more than 53 per cent of the spends actually come from online payments which used to be around 44 per cent earlier,\" said SBI Card MD and CEO Rama Mohan Rao Amara

Nomura had a relationship with Hwang's Tiger Asia Management LLC before the investment firm shut down in 2012 after being punished by US and Hong Kong regulators for insider trading of Chinese stocks

Sectoral data for February 2021, which accounts for about 90 per cent of the total bank credit deployed by 30 scheduled commercial banks, indicates the credit has jumped in both YTD and YoY basis in agri and services, while there is a deceleration in industry and personal loans

As tech helps tax authorities check evasion and fraud, taxpayers complain of harassment and misuse of powers

Treasury volatility dropped last week as buyers stepped back into the market, bringing benchmark yields back below the one-year high of 1.754% reached last week