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Rahul Shrivastava
New Delhi, July 16, 2019
As part of preventive measures, banks and other financial institutions can't sanction additional loan facilities to wilful defaulters and they are barred from floating any new venture for five years


BusinessToday.In
New Delhi, July 16, 2019
Sagarmala project created nearly 10,000 jobs in the last 3 years, says ministerGovernment on Monday said it has created about 10,000 jobs under its ambitious 'Sagarmala' initiative during the last three years. The Sagarmala programme is an initiative by the government of India to leverage the country's coastline and inland waterways to boost the logistics sector. As of May 2019, 334 projects have been initiated across the country under this programme, the minister said.RBI slaps R...


PTI
New Delhi, July 16, 2019
RBI says the statutory inspection of SBI with reference to its financial position as on March 31, 2017, revealed non-compliance with IRAC norms, sharing of information about customers with other banks, reporting of data on CRILC, fraud risk management, and classification and reporting of frauds


PTI
July 15, 2019



BusinessToday.In
New Delhi, July 12, 2019
IndusInd Bank Q1 results: The provisions and contingencies of the bank rose to Rs 430.62 crore from Rs 350 crore in the year ago period, while it declined sharply from Rs 1,560.69 crore on a quarterly basis


BusinessToday.In
New Delhi, July 12, 2019
7th Pay Commission:  The Union Finance Minister Nirmala Sitharaman has increased the income tax exemption limit on withdrawal from NPS account and has also announced additional tax benefits for employees who contributes towards the NPS. 


PTI
Mumbai, July 11, 2019
While approving ArcelorMittal's Rs 42,000-crore bid for the bankrupt flagship company of the Ruias-led Essar Group, the NCLAT had last Thursday gave operational creditors equal status as the secured lenders


PTI
New Delhi, July 10, 2019
FM Sitharaman said several steps including enhancing investments in infrastructure, liberalisation in the FDI policy and lowering of corporate tax are being taken to make India a $5 trillion economy by 2024-25.


BusinessToday.In
July 9, 2019
On Saturday, Punjab National Bank alleged that the bankrupt steel company misappropriated bank funds and manipulated its books of accounts to raise funds from its consortium of lenders. The size of the fraud is pegged at Rs 3,805 crore against Rs 2,348 crore mentioned in the CBI FIR against the company and its top brass.


Aprajita Sharma
July 8, 2019
The RBI has called for raising private capital instead of relying on capital infusion by the government by improving corporate governance


Anand Adhikari
New Delhi, July 8, 2019
Two high-profile RBI exits - Urjit Patel and Viral Acharya - have again opened the debate on the central bank's independence


Anand Adhikari and Rashmi Pratap
New Delhi, July 8, 2019
The Budget will lower to a large extent the liquidity stress in the financial sector


Team BT
New Delhi, July 8, 2019
The narrative looks at the man and his strategies which helped create one of the most valued banks globally. The excerpts below are published with the permission of Jaico Publishing House


BusinessToday.In
July 5, 2019
According to the former RBI governor, gross NPAs in India are at 10.3 per cent compared to 1.9 per cent in China, 3.2 per cent in Brazil and just 1 per cent in the US


BusinessToday.In
July 5, 2019
FM Sitharaman specified multiple provisions and structural changes towards the banking sector, starting with provision of about Rs 70,000 crore in terms of additional capital infusion to state-owned banks to support credit improvement.


BusinessToday.In
July 5, 2019
Sensex Live Today: Sensex and Nifty closed on a negative note, as market participants turned cautious post the outcome of Union Budget 2019 amid globally weakened markets.


BusinessToday.In
New Delhi, July 4, 2019
To reduce tax evasion and wilful defaults, the government could also launch initiatives to combine 'behavioural economics' with 'spiritual/religious norms'


BusinessToday.In
New Delhi, July 4, 2019
As per to the Economic Survey 2018-19, the central government should notify a \"national floor minimum wage\" that can vary broadly across five geographical regions


BusinessToday.In
New Delhi, July 4, 2019
According to Economic Survey 2019, the gross non-performing asset (NPA) ratio of public sector banks (PSBs) decreased from 11.5 per cent to 10.1 per cent between March 2018 and December 2018


BusinessToday.In
July 2, 2019
YES Bank share price closed 7.60% lower at 100.85 compared to the previous close of 99.90 on BSE. YES Bank share price touched an intraday low of Rs 99.90 (8.47%) in trade today.


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