Home » Business » Economy

Economy - Page 271

Interestingly, compared with the previous year, there was an increase of 35 per cent in counterfeit notes detected in the denomination of Rs 100.

Demonetisation all pain and no gain

RBI in its annual report for 2017-18 said counting the demonetised notes is over.

30 Aug 2018 9:46 AM 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)

Yes Bank, Rajasthan govt partner to launch payments wallet 'Bhamashah'

The Bhamashah wallet, Rajasthan government's online payment application was launched by Chief Minister of Rajasthan,...

29 Aug 2018 6:49 PM IST

$The I-T department will launch full-fledged assessment proceedings from January next year against those assessees who have deposited \suspicious\ amounts of money in banks post-demonetisation, but have not filed their income tax returns till now. (Photo:$ Business

Demonetisation achieved its objectives quite substantially: Fin Min

Now there is no shortage of currency in any part of the country.

29 Aug 2018 6:25 PM IST

Centre on Friday suspended 27 officials of various public sector banks and transferred 6 officials to non-sensitive posts for trying to convert blackmoney.

PSBs reduce Rs 64,106 crore NPAs via recoveries in FY18: RTI

The reduction seems to be insignificant given the fact that gross NPAs of state-run banks at the end of FY18 stood at Rs...

29 Aug 2018 3:39 PM IST

An aerial view of some flood-hit areas in Kerala

Kerala floods: HDFC Bank to adopt 30 villages, donate Rs 10 crore

It also announced a waiver in late payment fees on monthly loan installments and credit cards for August to its...

29 Aug 2018 3:35 PM IST

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

RBI surplus transfer to govt rises 63.08 pc in FY 2018

A surplus of Rs 50,000 crore was transferred to the central government in FY18.

29 Aug 2018 3:17 PM IST

Niti Aayog vice-chairman Dr Arvind Panagariya

Tariff wars have put global trade at serious risk, says Panagariya

Exports to the US in 2016-17 stood at USD 42.21 billion, while imports were USD 22.3 billion.

29 Aug 2018 2:42 PM IST

West Zone Task Force police arrested two individuals and seized Rs 1.13 crore in old demonetised currency

99.3 per cent of demonetised currency returned to banks: RBI

The total SBNs returned from circulation is Rs 15,310.73 billion.

29 Aug 2018 12:17 PM IST

For over a year, India had been the fastest growing economy, second only to China. This has now changed.

Economy seen growing at steady 7.6 per cent pace in April-June: report

Retail inflation rate slowed in July to a four-month low of 4.17 pc, slightly above the central bank's 4 pc medium-term...

29 Aug 2018 10:42 AM IST

LIC holds 7.98 per cent stake in the debt-ridden public sector bank, at present.

LIC to buy 14.9 per cent stake in IDBI Bank

Union Cabinet had approved LIC's proposed acquisition of up to 51 per cent stake in debt-ridden IDBI Bank.

28 Aug 2018 7:09 PM IST

The Reserve Bank of Indias (RBI) directive to banks to set aside provision at a higher rate above the minimum regulatory standards for stressed sectors would lead to early identification of asset quality issues in the banking system.

RBI employees' 2-day mass leave to paralyse banking operations

UFRBOE has called the mass casual leave on September 4 and 5 which will be participated by all officers.

28 Aug 2018 7:02 PM IST

The fluctuating dollar cost only makes life harder as the rupee rate is falling. Every dollar is our 69 plus, making each dollar a crude sum.

Rupee rises 10 paise against US dollar

The dollar's weakness against other currencies overseas gave the rupee strength.

28 Aug 2018 10:48 AM IST