Axis Bank said that it has initiated the succession plan for the post of Group Executive and Chief Financial Officer under guidance from the Nomination and Remuneration Committee and the Audit Committee of Board

Since January 2014, RBI has reduced repo rate by 2.85 per cent to 5.15 per cent in October 2019. But, banks have not transferred this rate cut in entirety to consumers which is yet to be transmitted to retail borrowers

The second and concluding part looks at how the quarterly GDP estimates use the organised sector indicators to measure the unorganised sector, which contributes nearly 50% to the GDP, thereby giving a misleading picture of the state of economic health

The Phantom Reactor 600 and Phantom Reactor 900, will retail for Rs 1.09 lakh and Rs 1.29 lakh respectively and will be available in New Delhi, Mumbai, Pune, Hyderabad, Bangalore and Chennai

MPC wants to have a greater clarity on nature of fiscal measures Modi government is planning to take in Union Budget 2020-21 next year; it also wants to see a greater transmission key lending rates

All the key economic indicators have been on a downward swing for quite some time. If this slide is not checked India may slip into recession sooner than later. In this first part of a two-part series, the article looks at what the major economic indicators are telling about the state of Indian economy

During the two months, banks have given Rs 72,985 crore to MSME sector while loans to corporates stood at Rs 2.2 lakh crore

After China, India is the second country to have launched Mi Credit. The service started as a pilot in the third quarter of 2019 in India, and services more than 10 states spanning across 1500 pincodes

When RBI cuts repo rate, it expects banks to pass on the benefit by lowering interest rates on all types of loans, including home loans and car loans

Insolvency and Bankruptcy Rules of 2019 would help but more needs to be done: tighter RBI control and supervision, infusion of long-term funds (including capital) and reduction in mismatch in assets and liabilities

RBI has cut rates by 135 basis points this year to 5.15%, but inflation has remained low by historical standards

Why the Sensex is on fire even as the economy hurtles downhill

Shyam Srinivasan, MD & CEO of Federal Bank, talks about how long can the retail banking keep growing

The non-bank financing giant Dewan Housing Finance Corp Ltd (DHFL) will go into insolvency proceedings, the central bank said on Wednesday, making it the first financial institution to test the new laws

The central bank has already chopped 135 basis points off its key lending rate, but this has failed to spur demand

Punjab & Sind Bank Q2 results: The provisions and contingencies rose sharply by 63.81 per cent to Rs 972.62 crore in Q2FY20 as compared to Rs 593.73 crore in the year-ago quarter. The bank's provisions, stood at Rs 334.53 crore in June quarter

Does it make sense to opt for external benchmark-linked loans?

These companies cut across sectors and include Vakrangee, PC Jeweller, Arvind, Rain Industries and Indiabulls Real Estate, among others. Most may never go back to their past highs

LIC's entry into IDBI Bank, the biggest player among top m-cap gainers in banking, brings hope for investors.

Even private banks' loan growth dropped to 14 per cent from 22 per cent a year ago. PSU loan growth fell down to 5 per cent YoY from 8 per cent in Q1 despite the large recap,\" Credit Suisse said in its report