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Nevin John
Mumbai, December 12, 2019
Suzlon Energy debt resolution: The company had defaulted in repayments of Rs 437.50 crore in respect of its term loans and working capital facilities in March 2019, besides failing to make payments to certain overdue creditors


PTI
December 12, 2019
Contrary to the market's current optimism that growth has likely bottomed, Nomura believes it will slide further


PTI
December 12, 2019
At the interbank foreign exchange the rupee opened at 70.67, then gained further ground and touched 70.64, registering a rise of 21 paise over its previous close


Sanjay Mahajan
December 11, 2019
With the help of Big Data, the Microfinance Industry will reach a position where they will have the ability to provide products that customers exactly need


Manoj Sharma
New Delhi, December 11, 2019
Analysts attribute a sharp plunge in India's GDP in the first and second quarters of FY 20 -- 5 per cent in April-June and 4.5 in July-September quarter -- for a delay in achieving the target


BusinessToday.In
New Delhi, December 11, 2019
Paytm founder Vijay Shekhar Sharma steps down as Paytm Financial Services directorPaytm founder Vijay Shekhar Sharma has resigned as the Director of Paytm Financial Services in wake of Reserve Bank of India's regulation that prohibits a payments bank chairman to also hold a directorial position in an NBFC (non-banking finance company) unless it's a subsidiary of the bank. While Sharma in his resignation letter cited \"other preoccupations\" as reasons for his inability to continue...


PTI
December 11, 2019
At the interbank foreign exchange the rupee opened at 70.87, then gathered momentum and touched a high of 70.80 against the US dollar, registering a rise of 12 paise over its previous close


BusinessToday.In
December 11, 2019
Share Market Today: Sensex ended 172 points higher at 40,412 and Nifty rose 53 points to 11,910.


BusinessToday.In
New Delhi, December 11, 2019
While Sharma in his resignation letter cited \"other preoccupations\" as reasons for his inability to continue with the role, reports say it has been done to comply with the RBI norms


PTI
December 11, 2019
The notes in circulation had grown at an average growth rate of 14.51 per cent year on year wise since October 2014 till October 2016


Reuters
Manila, December 11, 2019
Southeast Asia's growth this year is expected to be slightly lower than previously expected, as trade reliant economies like Singapore and Thailand are hit hard by the trade war and broader global slowdown


BusinessToday.In
December 10, 2019
Catch top stories from the world of business and economy with BusinessToday.In's end of day report


BusinessToday.In
New Delhi, December 10, 2019
YES Bank said that the binding offer of $1.2 billion submitted by SPGP Holdings and Canada's Erwin Singh Braich, which accounts for 60 per cent of its planned $2 billion capital raising, would continue to be under discussion


PTI
New Delhi, December 10, 2019
COP25 Summit: While some EU countries such as Sweden (4th) and Denmark (5th), one of the best climbers, achieve overall high or very high ratings


BusinessToday.In
New Delhi, December 10, 2019
Due to divergence in reporting of bad loans, SBI has to make additional provisioning of Rs 12,036 crore in the balance sheet. As a result, the adjusted net loss of the bank would be at Rs 6,968 crore instead of its reported profit of Rs 862 crore for FY19


Niti Kiran
New Delhi, December 10, 2019
The growth in GNPA has been moderating for SCBs at an overall level given the reduction in the slippages of the PSBs and the loan write offs


BusinessToday.In
New Delhi, December 10, 2019
SBI has said that it will not charge any fee from its customers for upgrading their debit cards before December 31


BusinessToday.In
New Delhi, December 10, 2019
Public sector banks turn profitable in Apr-Sept; post Rs 3,221 crore of aggregate profitMinister of State for Finance Anurag Singh Thakur told Lok Sabha that public sector banks have returned to profitability, posting an aggregate profit of Rs 3,221 crore in the first half ending September. State-run lenders made aggregate provisions for NPAs and other contingencies of Rs 2.40 lakh crore and Rs 2.35 lakh crore in FY2018 and FY2019, respectively, he said in a written reply. As per ...


BusinessToday.In
New Delhi, December 10, 2019
Bank of India cuts MCLR: The new one-year MCLR is fixed at 8.20 per cent as against 8.30 per cent


BusinessToday.In
New Delhi, December 10, 2019
HDFC Bank cuts MCLR: The bank has stated that the latest rates will be applicable from December 7


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