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RBI Governor Urjit Patel. (Photo: PTI)

Reserve Bank of India keeps key policy rate unchanged at 6.50 per cent

RBI in its monetary policy meet in August had decided to hike the key interest rates from 6.25 pc to 6.50 pc.

5 Oct 2018 2:42 PM IST

Banning of letters of undertaking (LoUs) and letters of comfort (LoCs) by the RBI as trade finance instruments is likely to reduce financial flexibility of importers, a Fitch group company said on Wednesday.

RBI seen raising rates again as rupee slide accelerates

A rate hike should make domestic yields on debt more attractive for foreign investors.

5 Oct 2018 10:39 AM IST

ICICI Bank Managing Director Chanda Kochhar

Chanda Kochhar's Icarus moment

Before Miss Kochhar elevation, she was a key member of the bank overseeing retail business and consolidated bank...

5 Oct 2018 1:41 AM 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 crashes to all-time low of 73.81 on capital outflows, rising oil...

The rupee has lost 110 paise or 1.51 per cent in the three sessions since Monday.

4 Oct 2018 7:42 PM IST

Finance Minister Arun Jaitley

Govt determined to contain IL&FS crisis to avoid any adverse impact:...

The government earlier this week superseded the board of IL&FS.

4 Oct 2018 7:10 PM IST

Union Minister of Finance, Defence and Corporate Affairs, Arun Jaitley with M D & CEO, ICICI Bank Chanda Kochhar during the launch of the 100 ICICI Digital Villages (Photo: PTI)

Chanda Kochhar: The fall of a feisty woman who broke the glass ceiling

She joined ICICI as a management trainee in 1984 and rose to play an important part in its transformation.

4 Oct 2018 7:02 PM IST

ICICI Banks tier-I capital adequacy ratio stood at 15.92 per cent and the total capital adequacy at 18.42 per cent by end-March 2018.

Sandeep Bakhshi becomes ICICI Bank MD, CEO for five years

He was brought to the bank for a smooth functioning as Kochhar was forced to go on an indefinite leave.

4 Oct 2018 5:20 PM IST

ICICI Bank MD and CEO Chanda Kochhar has pulled out of the annual session of FICCI Ladies Organisation (FLO).

ICICI Bank shares surge 6 per cent as Chanda Kochhar quits

Following the announcement, the stock soared 5.69 per cent to Rs 320.90 on BSE.

4 Oct 2018 2:53 PM IST

ICICI Bank MD & CEO Chanda Kochhar

ICICI Bank MD Chanda Kochhar quits with immediate effect

The enquiry instituted by the board will remain unaffected by this.

4 Oct 2018 2:17 PM IST

The possibility of the government skidding on the fiscal deficit front is hardly good news at the close of a turbulent year that saw demonetisation and a hurried introduction of a flawed Goods and Services Tax ravage the economy, particularly the cash-dependent rural economy.

India's services sector expands at slower pace in September

Nikkei India Services Business Activity Index touched 50.9 in September, down from 51.5 recorded in August.

4 Oct 2018 12:20 PM IST

Both the government and the Reserve Bank have been making vigorous and creative efforts to strengthen financial inclusion.

RBI extends curbs on Shree Ganesh Sahakari Bank by 3 months

As per the extension, the cooperative lender will be under -"directions-" till December 29, 2018, it said.

4 Oct 2018 12:03 PM IST

State-owned Central Bank of India, one of the key shareholders of debt-ridden IL&FS Ltd, is unlikely to participate in the proposed Rs 4,500 crore rights issue of the company, according to sources.

Central Bank of India may not participate in rights issue of IL&FS

Central Bank of India had 7.67 per cent stake in IL&FS at the end of March 2018.

3 Oct 2018 7:52 PM IST