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Moodys said that India is one of the largest buyers of Iranian crude, accounting for about 30 per cent of total crude exports from Iran during April to August 2018.

US sanction on oil to hit PSU oil firms

The rating agency said that Iranian crude is usually sold at a discount of up to $2-$4 per barrel to other Middle...

28 Sept 2018 12:30 AM IST

The US dollar ended sharply cheaper against the rupee at 64.97/98 per dollar.

US dollar inches down against rupee

The pound sterling also finished lower at Rs 95.27 per pound.

27 Sept 2018 7:07 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 denies window dressing of corporate accounts to hide NPAs

The bank had reported a gross and net NPA of 1.3 per cent and 0.59 per cent respectively as on June 30, 2018.

27 Sept 2018 7:00 PM IST

$With multiple agencies probing the alleged Rs 13,000-crore fraud at state-run Punjab National Bank, the Reserve Bank of India (RBI) says it has conducted its scrutiny and the matter is currently under examination for \enforcement action\.$ Business

RBI eases some cash reserve rules for banks

The move will ease tight cash conditions to some extent as it will reduce pressure on banks.

27 Sept 2018 10:01 AM IST

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

SBI board gives nod to stake divestment in insurance arm

Its board approved a plan to divest 4 per cent stake in its general insurance arm to funds managed by Axis Bank Ltd and...

26 Sept 2018 5:50 PM IST

Finance Minister Arun Jaitley on Wednesday said that the reasons for the fall in rupee against the dollar are purely global. (Photo: Twitter | ANI)

Cabinet clears proposal to convert GST Network into govt entity

GSTN was incorporated as a private limited company on March 28, 2013 under the UPA government.

26 Sept 2018 3:42 PM IST

Three persons, allegedly involved in a sensational bank robbery bid in which two guards were killed on September 21, have been arrested following an encounter with the police in Noida, officials said on Wednesday.

Punjab National Bank robbery: Noida Police arrests 3 accused

During the robbery bid, the men had tried to break into the strongroom of the bank, located in the basement of the...

26 Sept 2018 11:52 AM IST

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

FinMin, RBI working out mechanism to ensure smooth India-Iran trade

The commerce secretary says India will impose duties on imports within WTO norms.

26 Sept 2018 8:15 AM IST

Representational image

What is the right timeframe for your mutual fund investment?

Most mutual fund schemes can broadly be described as debt funds or equity funds.

26 Sept 2018 12:17 AM IST

Union Finance Minister Arun Jaitley has not been attending office since Monday and even skipped taking oath after being re-elected as Rajya Sabha MP from Uttar Pradesh. (Photo: PTI | File)

Bad debts on a decline, loan recovery picking up of PSU banks: Jaitley

After the IBC came into force, which calls for an auction of assets of loan defaulting entities, recoveries have picked...

25 Sept 2018 7:28 PM IST

In a worrying sign, India reported a fiscal deficit of Rs 6.12 lakh crore for the April-November period.

RBI needs to cut Cash Reserve Ratio to improve liquidity: govt...

The RBI has tools like OMO (Open Market Operations) to manage liquidity.

25 Sept 2018 5:48 PM IST

Bank of Baroda. File photo.

Moody's retains Bank of Baroda rating after merger announcement

Last week, government had announced merger of BoB, Vijaya Bank and Dena Bank to create the country's second largest...

25 Sept 2018 5:37 PM IST