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The cyber crime police say that the fraudsters are now coming up with innovative methods to dupe the unemployed youth in the guise of overseas jobs. (Representational image)

Master thieves and ever susceptible Indian banks

CVC dissects modus operandi and loopholes in 47-page study of top 100 bank frauds.

22 Oct 2018 9:33 AM IST

The newly constituted board of the beleaguered IL&FS under the chairmanship of Uday Kotak may meet this week again to chalk out the future course of action to resolve the current financial crisis, according to a source.

IL&FS may sell financial services, energy arms

Uday Kotak's lieutenant Raghunath is architect of the revival plan.

22 Oct 2018 9:24 AM IST

Reserve Bank of India (RBI) on Thursday directed all payment system operators in India to store data within the country.

Reserve Bank of India highlights inflation spike risk, signal rate...

Five of six MPC members had voted for keeping rates on hold at 6.50 per cent, surprising most economists.

22 Oct 2018 9:01 AM IST

The RBI has cancel

RBI's monetary policy committee highlights inflation spike risk,...

India's retail inflation rose to 3.77 per cent in September from 3.69 per cent in August.

20 Oct 2018 11:14 AM IST

Domestic investors were reluctant to expand their portfolios ahead of the RBIs monetary policy review, brokers said.

RBI allows banks to lend more to some non-banking finance firms

The relaxation in lending norms by RBI comes on the back of worries over tightening credit lines to NBFCs .

19 Oct 2018 11:25 AM IST

Interestingly, 15 per cent of the companies out of total 478 companies under the study have slipped into default category and most of them are in textile business.

Rupee fall to hit exports, says Study

While companies, which have resorted to external commercial borrowings are taking a hit on their bottom line.

18 Oct 2018 1:28 AM IST

The rupee hit a record low of 70.86 a dollar in the intra-day trade before closing the day at 70.74 a dollar, down 0.20 per cent from its previous sessions close of 70.59.

Rupee skids 13 paise to 73.61 against US dollar

The rupee surrendered all the gains made during the day.

17 Oct 2018 7:16 PM IST

RBI directs Yes Bank to appoint successor to Rana Kapoor by February 1

Reserve Bank has refused to give an extension to Yes Bank MD and CEO Rana Kapoor.

17 Oct 2018 5:12 PM IST

The Economic Surveys second part, that was tabled by the government in Parliament on Friday, indicated that the economic growth was unlikely to accelerate in the current fiscal and it will be difficult for GDP to touch the higher rate of 7.5 per cent in 2017-18 as projected earlier.

India ranked 58th most competitive economy in WEF index

India's rank rose by five places from 2017, the largest gain among G20 economies.

17 Oct 2018 8:39 AM IST

Slowing global economy is a concern for India, says Suresh Prabhu

WTO last month lowered the growth projections for trade to 3.9 pc from the 4.4 pc estimated earlier for 2018.

16 Oct 2018 4:28 PM IST

Finance Minister Arun Jaitley said, Government had announced in the budget that consolidation of banks was also in our agenda and the first step has been announced. (Photo: Twitter | ANI)

India needs strong, decisive govt to take swift decision: Arun Jaitley

Jaitley said if India continues on high growth path, then the country can get rid of poverty.

16 Oct 2018 1:45 PM IST

Indias largest private sector lender ICICI Bank on Friday posted a 33.66 per cent dip in net profits for the quarter ended September 2017.

ICICI Bank gets RBI nod for appointment of Sandeep Bakshi as MD, CEO

The private sector lender said Bakshi had joined the group in 1986.

16 Oct 2018 10:45 AM IST