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The SBI customers will get additional discounts and cash back on shopping through its digital platform YONO, as the lender wants to cash in on the festival season shopping spree. (Photo: SBI)

SBI customers to get additional discount, cash back on YONO festive...

The SBI said it is the first ever bank to have come up with a digital shopping festival.

14 Oct 2018 3:51 PM IST

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

RBI sticks to October 15 deadline for data localisation in public...

The central bank in April gave six months time to global payment companies to store transaction data of Indian customers...

14 Oct 2018 1:05 PM IST

Economic Affairs Secretary Subhash Chandra Garg,

Structural reforms helping India in building resilience to global...

The World Bank ranked India 115th among 157 countries in its first-ever Human Capital Index (HCI).

13 Oct 2018 4:45 PM IST

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.

IMF members pledge to avoid using currencies as trade weapon

Escalating trade frictions and higher borrowing costs threatened to knock global growth.

13 Oct 2018 1:26 PM IST

On receiving several complaints from consumers regarding shopping malls and super markets on GST violations, the Legal Metrology Department conducted a number of raids on Thursday. (Representational Image)

Pending GST refunds only Rs 2,077 crore, says Finance Ministry

A few claims are still pending owing to deficiencies found in the claims.

13 Oct 2018 11:53 AM IST

The scrip of IL&FS Engineering and Construction Company touched its upper circuit limit of Rs 25.32, up 10 per cent.

IL&FS' new board initiates austerity measures

The firm and its subsidiaries have defaulted on several debt repayments recently due to liquidity crisis.

12 Oct 2018 7:39 PM 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 jumps over 3 weeks high, up 55 paise against US dollar

The government on Thursday hiked the import duty on certain communication items.

12 Oct 2018 7:03 PM IST

The pace of opening new bank branches has come down since the last two-three years thanks to the rise in digital transactions.

'New branch opening pace has come down owing to digital transactions'

The presence of branches is still important, but it is not as important as it was two-three years back, he said.

12 Oct 2018 6:49 PM IST

Industrial production growth slipped to a three-month low of 4.3 per cent in August mainly due to a sharp decline in the mining sector output and poor offtake of capital goods, according to the Central Statistics Office (CSO) data. (Photo: PTI)

Poor mining output drags IIP growth to 3-month low of 4.3 per cent in...

The industrial production measured in terms of Index of Industrial Production was 4.8 per cent in August last year.

12 Oct 2018 6:13 PM IST

Retail inflation has picked up in October to a seven-month high, driven by faster rise in prices of food, fuel and housing.

Retail inflation for September jumps to 3.77 pc on rising fuel, food...

Retail inflation in August was 3.69 per cent.

12 Oct 2018 6:04 PM IST

State Bank of India, the countrys largest lender, sees its provision for bad loans remaining high for at least the next two quarters, after which it will start softening as it steps up efforts to improve asset quality, its chairman said on Friday. (Photo: DC)

SBI chief sees bad loan provision falling after two quarters

India's banks have been plagued by a surge in non-performing loans which hit a record USD 150 billion at the end of...

12 Oct 2018 5:22 PM IST

Economic Affairs Secretary Subhash Chandra Garg,

Need coordinated action to minimise spillover effects of global risks:...

The main issues that came up for discussion were the membership expansion of New Development Bank.

12 Oct 2018 2:15 PM IST