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The IMF downgraded its outlook for advanced economies this year by 0.2 percentage points to 1.6 percent but raised it slightly for emerging and developing economies to 4.2 percent.

India's debt lower than best, emerging market economies: IMF

India private debt in 2017 was 54.5 per cent of the GDP and general govt debt was 70.4 per cent of the GDP.

10 Oct 2018 1:34 PM IST

Consumer inflation for the month of October surged to 3.58 per cent as against 3.28 per cent in September. (Photo: PTI)

Inflation likely rose to RBI's four per cent target in September:...

Wholesale price inflation probably rose to 4.90 per cent in September from 4.53 per cent in August.

10 Oct 2018 12:24 PM IST

The excise cuts will reduce the government revenue by 105 billion (about $1.4 billion) or 0.05 per cent of GDP for the remainder of fiscal 2018, which ends in March 2019, said Moodys.

Excise cut to cost India its fiscal deficit target

Moody's says the move will have limited impact on growth.

10 Oct 2018 12:37 AM IST

State Bank of India, SBI, had earlier reduced minimum balance requirement. (Photo: PTI)

SBI to buy assets worth Rs 45,000 cr from NBFCs to resolve liquidity...

The country's largest lender said that it has stepped up target purchase of good quality portfolio of assets from NBFCs.

9 Oct 2018 7:07 PM IST

Bank of Baroda on Tuesday said its loan account to debt-laden Infrastructure Leasing and Financing Services (IL&FS) continues to remain standard at present.

IL&FS loan account remains standard, says Bank of Baroda

The state-run lender said it continues to lend to non-banking financial companies and housing finance companies.

9 Oct 2018 6:59 PM IST

The rupee on Thursday spurted 12 paise to 64.80 against the US currency. (Photo: AP)

Rupee slumps 33 paise to close at record low of 74.39 against US...

The domestic currency failed to sustain the momentum after Brent crude breached the USD 84 per barrel-mark.

9 Oct 2018 5:42 PM IST

The Board of Vijaya Bank has given its approval to a government proposal of consolidation with Bank of Baroda and Dena Bank as per reports from ANI.

Bank of Baroda, Vijaya Bank, Dena Bank send merger proposal for govt...

The boards of all the three banks have approved the merger proposal and sent the recommendations to the government.

9 Oct 2018 5:27 PM IST

Both LIC and SBI suggested restoring confidence in the group which has defaulted in the debt market.

Govt shifts to top gear for resolving IL&FS crisis

Chiefs of SBI, LIC meet FM to discuss matters relating to infra lender.

9 Oct 2018 5:08 PM IST

The Indian rupee nosedived to a new life-time low of 71.10, shedding 10 paise against the US dollar in late afternoon trade on Monday, tracking weakening trend in emerging market currencies. (Photo: DC)

Rupee slumps 30 paise to close at record low of 74.06 against US...

The rupee had opened lower by 14 paisa against Friday's close of 73.76 in early trade as the US dollar.

8 Oct 2018 6:20 PM IST

Chief Minister Edappadi K Palaniswami addresses a press conference after reviewing monsoon preparedness with senior ministers and officials at the Secretariat. Deputy chief minister O. Panneerselvam and Chief Secretary Girija Vaidyanathan are also seen. (Photo: DC)

Tamil Nadu govt may consider reducing tax on petrol, diesel: CM

Tamil Nadu Chief Minister K Palaniswami highlighted the requirement of funds for various welfare measures.

8 Oct 2018 5:26 PM IST

Smoke billowing out of the Federal Bank branch in Alappuzha. ARRANGED

Federal Bank gets RBI nod to sell 45 pc stake in NBFC arm to True...

The lender said that Reserve Bank earlier last week gave approval for the proposed transactions.

8 Oct 2018 4:36 PM IST

Reserve Bank of India

Non-banking financial companies slip as RBI plans to strengthen norms

Dewan Housing Finance Corporation Ltd's stock fell as much as 12.3 per cent.

8 Oct 2018 2:41 PM IST