Issuing a statement on Saturday, Matrix clarified that all materials procured by it have been by way of import or purchase in India, after paying all relevant duties and taxes

The measures announced by the Reserve Bank Governor Shaktikanta Das are timely and directed at certain segments

The India business of Citi includes retail banking, wealth management, credit cards and mortgages. It also has a presence in the distribution of financial services products, investment banking operations and treasury and trade solutions

Sensex crashed 983 points to close at 48,782 and Nifty tanked 263 points to 14,631

There are over a dozen ARCs in the private sector, though only 3-4 dominate the bad loan resolution business; more freedom and flexibility is needed to strengthen them

As unsuspecting Central and state governments wound up the massive emergency Covid-care hospitals across the country in January and February, they had no inkling that Covid-wave II was already building up across the country

Unsecured personal loans, credit cards, business banking, and MSME loans are emerging as new breeding ground for banks NPAs. How serious is the problem?

The bank on Tuesday reported a net profit of Rs 2677 crore for the quarter ended March 2021, as compared to a loss of Rs 1,388 crores in the same quarter a year ago

\"Working hours (business hours) of the banks could be restricted to 10am-2pm. Doorstep banking activities should be encouraged,\" said Indian Banks' Association

BSE midcap and smallcap indices ended in the green. ICICI Bank, Tata Steel HDFC, and Bajaj Auto were among the top gainers. Top losers were  Shree Cements, Titan Company, Tata Consumer Products, HUL, and Nestle

HDFC Bank stock touched an intraday low of Rs 1372.65, down 3.91% on BSE. It opened with a loss of 2.34% at Rs 1,395 against previous close of Rs 1,428 

Officials from the central bank, People's Bank of China (PBOC), and financial regulator China Banking and Insurance Regulatory Commission (CBIRC) held talks between January and March with Ma and Ant separately, where the possibility of the tycoon's exit from the company was discussed

Credit Suisse's asset management unit last month was forced to shut $10 billion of supply chain finance funds that invested in bonds issued by Greensill after the British firm lost credit insurance coverage shortly before filing for insolvency

Citigroup plans to focus on its non-US consumer banking operations in UAE, Singapore, London and Hong Kong as these places have a great concentration of wealth.

Citi has announced today its intention to exit from its consumer franchises in thirteen markets across the two regions which include India. This means  the oldest foreign banking entity will be exiting its consumer financing operations in the near future

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

How to minimise interest rate, credit and liquidity risks in debt funds

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

As part of the deal, RSHPL will acquire a 60 per cent stake in Magma Fincorp, while the non-banking financial company's promoters Chamria and Poddar will acquire a 4.68 per cent shareholding

During the process of selling of AT-1 bonds, individual investors were not informed about all the risks involved in subscription of these bonds, SEBI said.