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BusinessToday.In
New Delhi, October 14, 2019
World Bank cuts India's growth projection to 6% from 6.9%After a broad-based deceleration in the initial quarters of this fiscal year, India's growth rate is projected to fall to 6 per cent, the World Bank said on Sunday. In 2018-19, the growth rate of the country stood at 6.9 per cent. However, the bank in its latest edition of the South Asia Economic Focus said the country was expected to gradually recover to 6.9 per cent in 2021 and 7.2 per cent in 2022. Amid lockdown, PM ...


PTI
October 14, 2019



PTI
October 13, 2019
The proposed merger, expected to be effective from April 1 next year, will lead to the creation of the country's second-largest lender after State Bank of India, with a total business volume of about Rs 18 lakh crore


BusinessToday.In
October 11, 2019
A day before, Finance Minister Nirmala Sitharaman had formed a panel to suggest legislative changes to ensure better governance at co-operative banks and provide more power to the regulator


Rashmi Pratap
Mumbai, October 11, 2019
Currently, developer loans comprise 20 per cent of loan book, which will be replaced by retail loans to homebuyers and SMEs


BusinessToday.In
October 11, 2019
Bandhan Bank share price rose 20% intraday after Motilal Oswal said in a tweet that the commercial bank would be added to MSCI Global Standard Index with effect from October 16


Rashmi Pratap
Mumbai, October 10, 2019
Immediate focus will be on improving perception, which has taken a hit over the last six months after the merger announcement


PTI
October 10, 2019
In a regulatory filing on Thursday, Lakshmi Vilas Bank said the bank acknowledges the Apex bank's decision of not approving the amalgamation with Indiabulls Housing Finance Ltd


BusinessToday.In
October 10, 2019
All 13 district co-operative banks (DCBs) operating in Kerala would be amalgamated with Kerala State Co-operative Bank to form the Kerala Bank


BusinessToday.In
October 10, 2019
Lakshmi Vilas Bank share price opened 5% lower at Rs 25.65 compared to the previous close of Rs 27 on the BSE.


PTI
October 9, 2019



PTI
October 9, 2019



BusinessToday.In
New Delhi, October 9, 2019
The board of Lakshmi Vilas Bank had approved the merger with IndiaBulls Housing Finance last year. Since then, the bank had received all necessary regulatory approvals, but failed to get the RBI's green signal


PTI
New Delhi, October 7, 2019
In a tweet on Monday, the CCI said it has accorded 'green channel' approval for the acquisition of Essel Finance Asset Management Company and Essel Mutual Fund by Sachin Bansal-led BAC Acquisitions


Anand Adhikari
October 7, 2019
Some of big domestic asset management companies, which have invested in Axis Bank's QIP include HDFC Mutual Fund, ICICI Prudential, Aditya Birla, SBI MF, Kotak, BNP Paribas and Franklin Templeton.


BusinessToday.In
New Delhi, October 7, 2019
Demonetisation caused 3 percentage point decline in jobs, economic activity, says new studyA new study has found that demonetisation led to a significant decline in cash, which lowered India's economic growth and led to a reduction in jobs by at least 2-3 percentage points in the quarter of the note ban. The paper, 'Cash and the Economy: Evidence from India's Demonetisation', written by Gabriel Chodorow-Reich, an associate professor of economics at Harvard; Gita Gopinath, the Econ...


PTI
Hyderabad, October 7, 2019
Telangana Mazdoor Union president E Ashwathama Reddy, however, clarified that the agitating workers have not received any dismissal or suspension notice from the government or the management of RTC.


PTI
October 7, 2019



PTI
October 6, 2019
Keen to get multi-nationals in domestic fuel retailing to boost competition, the government is mulling selling most of its 53.3 percent stake in BPCL to a strategic partner


BusinessToday.In
New Delhi, October 6, 2019
Care Ratings has downgraded Patanjali's long-term bank facilities to A- from A+. The agency has also placed the ratings on \"Credit Watch with Negative Implications\"


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