The digital innovation India has made so far is here to stay. It needs adoption into commercial application to deepen the financial inclusion net

Stocks to watch today on January 6: HDFC, HDFC Bank, RIL, Bajaj Finance, Hero MotoCorp, Godrej Consumer among others are the top stocks to watch out for in Wednesday's trading session

Despite the pandemic, the lockdown and the consequent damage done to the economy, there are quick signs of recovery, Financial Services Secretary Debasish Panda said

Tarun Bajaj was responding to a query on whether the government would consider setting up of a bad bank as a one-time measure for reducing the burden of Non-Performing Assets (NPAs) of the public sector banks

The Central Board of Direct Taxes (CBDT) has issued refunds of over Rs 1,45,619 crore to more than 89.29 lakh taxpayers between April 1 and December 8.

A bench headed by Justice Ashok Bhushan said the COVID-19 pandemic has not only caused serious threat to the health of the people but has also cast its shadow on the economic growth of the country as well as other countries in the entire world

\"We have proposed to increase freight subsidy under the new export policy. We are providing it already to make products competitive,\" Navneet Sehgal, Additional Chief Secretary (MSME and Export Promotion)said

Credit ratings agency CRISIL said that said that the number of companies seeking RBI's one-time-debt restructuring may increase if sentiment around recovery dampens or COVID-19 afflictions keep increasing, leading to fresh curbs on economic activity

FM Nirmala Sitharaman Press Conference Live: FM Sitharaman's announced several stimulus measures to revive the ecomony on Thursday, November 12. Among several of them, she announced new subsidies for employers and employees under the Atmanirbhar Bharat Rozgar Yojana Subsidy

The Mudra portfolio of the largest bank in the country with over 20 per cent market share in banking assets indicates a similar situation in other public sector banks

With the infusion, sources said, CRAR of these weak RRBs rose to 9 per cent level as per the regulatory norms prescribed by the Reserve Bank of India (RBI)

Crop and tractor loans come under agriculture and allied activities loans and are not part of the eight segments or classes eligible under the scheme

Last week, the government had directed banks to credit the difference between compound interest and simple interest collected on loans of up to Rs 2 crore by November 5

The scheme authorises ex-gratia payment to a specific class of borrowers by way of crediting the difference between simple and compound interest for the period between March 1, 2020, and August 31, 2020, by respective credit establishments

Extending the benefits of interest waiver to all borrowers also allays feeling of unfair treatment that borrowers could have otherwise harboured, CRISIL said

Pushed by the Supreme Court, this interest waiver may appear to be a good relief for the borrowers; however, going by the basic method of computation, the benefit for retail borrowers appears to be marginal

Housing loan, education loans, credit card dues, auto loans, MSME loans, consumer durable loans and consumption loans are covered under the scheme

According  to the report, the scheme prompted public sector banks to disburse 2.6 times higher loan amount to MSMEs in June 2020 over February 2020

Dinesh Kumar Khara is taking over at a time when the overall economy is expected to shrink for the first time in the last four decades

Public sector banks might perform better if they are freed from court-mandated new entry-level hiring constraints that hiring can be done through open exams, which makes it hard for PSBs to attract candidates from elite educational institutions, who have little desire to sit for yet another exam