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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

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.Business
Vijaya Bank gives nod to proposal of merger with Bank of Baroda, Dena...

The merger entity of Vijaya Bank, Dena Bank and Bank of Baroda will become the third largest lender in India.

30 Sept 2018 3:14 PM IST

Suresh Prabhu.Business
Govt forms high-level panel to look into global trade challenges

HLAG will meet regularly over the next two months to facilitate the formulation of future trade policies.

28 Sept 2018 1:44 PM IST

Finance minister Arun JaitleyBusiness
Trade war will help India emerge as bigger trading, mfg base: Jaitley

Jaitley said the rising oil prices, too, pose a challenge for the economy, since India is a net importer of crude oil.

28 Sept 2018 12:54 PM IST

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.Business
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.Business
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)Business
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)Business
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.Business
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

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