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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

As UPI has still not become popular, third-party payment wallets have seen a big jump in usage.Business
406 million UPI transactions worth Rs 59,835 cr clocked in September...

About 312.02 million UPI transactions totalling Rs 54,212.26 crore were clocked in the month of August 2018.

1 Oct 2018 5:18 PM IST

Ahead of the Reserve Banks monetary policy announcement, mortgage lender HDFC on Monday increased its retail prime lending rate (RPLR) by 10 basis points with immediate effect. The new rates vary from 8.80 to 9.05 per cent on various slabs of loans.Business
HDFC Bank raises retail lending rate by 10 basis points

Punjab National Bank had increased its benchmark lending rates or MCLR for short-term loans by up to 0.2 per cent.

1 Oct 2018 4:41 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)Business
GST mop-up rises to Rs 94,442 crore in September

As many as 67 lakh Goods and Services Tax (GST) returns were filed in September.

1 Oct 2018 1:28 PM IST

Yes Bank on Thursday reported a net profit of Rs 1,002.73 crore in the second quarter of the fiscal, up about 25 per cent year-on-year. (Photo: PTI)Business
Fully geared up for succession plan, says Yes Bank

The RBI had last month curtailed the three-year term that Yes Bank's board had sought for its MD and CEO Rana Kapoor.

1 Oct 2018 1:23 PM IST

State Bank of India, SBI, had earlier reduced minimum balance requirement. (Photo: PTI)Business
SBI slashes ATM cash withdrawal limit from Rs 40,000 to Rs 20,000 per...

The new withdrawal limit will be effective from October 31.

1 Oct 2018 12:04 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 to inject Rs 36,000 crore into system in October

It will inject Rs 36,000 crore liquidity into the system through purchase of government bonds.

1 Oct 2018 11:33 AM IST

Indias manufacturing sector activity fell to a four-month low in FebruaryBusiness
Manufacturing sector activity rises in Sep on new orders: PMI

Manufacturing firms boosted their workforce amid gains in new work orders.

1 Oct 2018 11:26 AM IST

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