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Financial market participants have welcomed global ratings agency Moodys decision to upgrade Indias rating to stable saying that the move would help Indian corporates as well as financial institutions to access capital in the overseas market at a lower cost.

Weak rupee is credit negative, says Moody's

Most India-based firms have protections in place, says VP.

11 Sept 2018 12:26 AM 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.

Corporate Affairs Ministry summons Deepak Kochhar in ICICI Bank scam

Deepak Kochhar is the Founder and CEO of NuPower Group, as per its website.

10 Sept 2018 7:50 PM IST

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

Google ready to comply with RBI norms for payment services, says...

Google wants time until December to comply with it.

10 Sept 2018 7:44 PM IST

The Reserve Bank of India (RBI) late on Monday dropped Axis Bank from a list of banks it has cleared to import gold and silver in the current financial year that began April 1.

RBI approves Amitabh Chaudhry's appointment as Axis Bank CEO

Chaudhry will be a successor to incumbent CEO Shikha Sharma.

10 Sept 2018 3:21 PM IST

In the past week, in all likelihood, the central banks of India and Indonesia pumped in billions of dollars to support their respective currencies with the Indian Rupee touching record lows against the US dollar and the Rupiah reaching its lowest level since the Asian financial crisis of 1998.

Indonesia's Rupiah woes: How will India be affected

Lately, there has been a lot of concern with regards to the growing economic problems in emerging markets.

10 Sept 2018 1:17 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 weakens further, hits fresh low to 72.64 against USD

The domestic unit witnessed intense volatility and traded between 72.07 and hit all-time low of 72.64.

10 Sept 2018 11:55 AM IST

Union minister M Venkaiah Naidu (Photo: PTI)

India undergoing transformation at unprecedented pace: Venkaiah Naidu

Good governance are essential elements of imparting a new energy to the country and the economy.

10 Sept 2018 10:47 AM IST

The Union finance ministry is working on a strategy to boost GST revenues and is engaging with states to identify issues.

Low GST collections ring alarm

GST collections stood at Rs 94,016 cr in May, Rs 95,610 cr in June, Rs 96,483 cr in July and Rs 93,960 cr in Aug.

10 Sept 2018 9:11 AM IST

ICICI Bank MD & CEO Chanda Kochhar

Sebi may summon ICICI Bank's on-leave CEO Chanda Kochhar, husband soon

The bank and Kochhar have been maintaining there has been no regulatory violation on their part.

9 Sept 2018 6:24 PM IST

The Reserve Bank of India on Thursday kept the key policy rate unchanged at 6 per cent for the fourth consecutive time.

3 banks fined by Reserve Bank of India for delay in fraud detection

The RBI, in three separate releases, said it has imposed a penalty of Rs 1 crore each on three state-run banks.

9 Sept 2018 2:40 PM IST

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

RBI may conduct OMO this week to ease liquidity, say bankers

Nearly Rs 50,000-60,000 crore of additional liquidity will go out of the system due to advance tax payments.

9 Sept 2018 1:25 PM IST

Chinas government, however, shows no sign of bending to Washingtons pressure. (Photo: File)

China's trade surplus with US hit new record in August

China's exports rose to USD 44.4 billion in August, a 13.2 per cent increase from the same period last year.

8 Sept 2018 12:49 PM IST