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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.Business
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

With the rupee continuing to touch new lows, the Reserve Bank on Wednesday allowed forex borrowings for working capital by oil marketing companies--the largest consumers of foreign currency--under the automatic route with immediate effect. (Photo: DC)Business
RBI allows oil marketing firms to raise USD 10 billion from overseas

OMCs will now be able to raise external commercial borrowing for working capital purposes.

3 Oct 2018 7:44 PM IST

Smoke billowing out of the Federal Bank branch in Alappuzha. ARRANGEDBusiness
Federal Bank fined Rs 5 crore for non-compliance of RBI norms

The lender was found to have not complied with RBI directions on reporting of data on CRILC.

3 Oct 2018 7:24 PM IST

Midsize private sector lender Yes Bank is aiming to evolve itself into a \technology company in the business of banking\ and has accordingly announced a rejig of its senior management.Business
Yes Bank shares extend rally, jump nearly 6 per cent

In terms of the equity volume, 60.22 lakh shares of the company were traded on the BSE.

3 Oct 2018 5:01 PM IST

The Monetary Policy Committee (MPC), headed by RBI Governor Urjit Patel, started its 2-day meeting on Wednesday.Business
RBI rate-setting panel begins three-day meet

RBI raised the repo rate or short term lending rate by another 25 basis points in August policy meet.

3 Oct 2018 4:00 PM IST

State Bank of India, SBI, had earlier reduced minimum balance requirement. (Photo: PTI)Business
SBI vows to become plastic free organisation in one year

The initiative is in sync with PM's Swachh Bharat Abhiyan and the national commitment to abolish single use plastic by...

2 Oct 2018 5:59 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)Business
Mahatma Gandhi first appeared on currency note on his birth centenary

King's portrait was replaced by Lion Capital at Sarnath in lieu of the Gandhi Portrait.

2 Oct 2018 5:23 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)Business
Jaitley defends loan write-offs; says they don't lead to waiver

The country's 21 state-owned banks wrote-off Rs 3.16 lakh crore of loans in four years of the BJP govt.

2 Oct 2018 9:15 AM IST

The RBI has asked Axis Banks board to re-consider the decision to re-appoint Shikha Sharma as its MD and CEO for a fourth term.Business
Higher lending rates may spoil your festival plans

RBI might increase the repo rate for the third time this year by 25 basis points in its policy review.

2 Oct 2018 8:24 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)Business
Rupee slumps 26 paise to 72.91 vs USD, ends near 2-week low

Higher US Treasury yields, which rose above the 3 per cent mark, boosted the appeal for the dollar.

1 Oct 2018 7:31 PM IST

The government on Monday said it stands fully committed to ensuring that needed liquidity is arranged for the debt-trapped IL&FS to prevent any more defaults in payment of loans by the non-banking financial company.Business
Govt to ensure liquidity for IL&FS to prevent defaults: Finance...

NCLT allowed the government to take over the board of IL&FS.

1 Oct 2018 6:09 PM IST

Retail inflation for industrial workers rose to 5.61 per cent in August from 2.52 per cent in the year-ago month mainly due to rise in prices of food items and petroleum products.Business
Retail inflation for industrial workers rise to 5.61 pc in August

The indices of 37 centres are above All-India Index and 41 centres' indices are below national average.

1 Oct 2018 5:49 PM IST

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