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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

The All-India IDBI Officers Association has alleged that the board decisions to allow LIC to up stake in the bank to 51 per cent and hand over management control was in violation of oral assurance on maintaining status quo given to the court which has not given its approval.

IDBI officers allege LIC deal violates status quo assurance

IDBI Bank on October 4 allotted about 33.99 crore equity shares to LIC at a price of Rs 61.73 per share.

8 Oct 2018 11:38 AM IST

Leading credit rating agencies are likely to face regulatory action over the IL&FC fiasco.

Sebi show-cause notice likely to credit rating agencies in IL&FS...

Experts say they should adopt a holistic approach in credit rating.

8 Oct 2018 11:03 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 falls 14 paise against US dollar in opening trade

The dollar strengthened after China's central bank eased its domestic policy to support the economy.

8 Oct 2018 10:30 AM IST

The newly constituted board of the beleaguered IL&FS under the chairmanship of Uday Kotak may meet this week again to chalk out the future course of action to resolve the current financial crisis, according to a source.

IL&FS board likely to meet again this week

It will consume time to explore the exact reasons behind the present mess.

7 Oct 2018 2:12 PM IST

Punjab National Bank (PNB)will take care of problems emanating from Rs 13,000-crore fraud perpetrated by billionaire jeweller Nirav Modi on its own and will not seek any governments assistance, its managing director Sunil Mehta said.

Amalgamation not on cards; focus on internal consolidation: PNB MD

Post-merger, the asset size of the new entity would be over Rs 14.5 lakh crore.

7 Oct 2018 12:08 PM IST

Finance Minister Arun Jaitley

Banks, telcos could be allowed to use Aadhaar, says Jaitley

Supreme Court declared constitutional the govt's extraordinary attempt to give every resident a biometric ID.

6 Oct 2018 2:34 PM IST