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Earlier, Nomura had said in a report last November, that demonetisation could slow Indias GDP growth to 6.5 per cent in the fourth quarter of 2016 against its estimate of 7.3 per cent.

Current account deficit to hit 2.8 per cent of GDP in FY19: SBI report

The merchandise trade imbalance is also expected to rise to USD 188 billion in FY19.

27 Aug 2018 3:10 PM IST

Nirav Modi and Mehul Choksi are accused in the fraudulent issuance of LoUs and Letters of Credit (LCs) worth USD 2 billion by the PNB. (Photo: File)

India can seek extradition of Choksi without Red Corner Notice: CBI

The agency said the purpose of a Red Corner Notice is to only locate an absconding accused.

27 Aug 2018 2:35 PM IST

The rupee struggled at a fresh six-month low of 65.28. Photo: AP

Rupee to average at 69 per USD this fiscal: report

According to a Bank of Baroda research report, India's twin deficit and inflation are at a -"far more comfortable...

27 Aug 2018 12:46 PM IST

Finance Minister Arun Jaitley also said that the Cabinet has approved the establishment of National Financial Reporting Authority. (Photo: ANI)

Series of reforms transformed economy: Arun Jaitley

Macroeconomic outlook broadly favorable and growth forecast rising to 7.3 per cent in FY 2018-19.

27 Aug 2018 9:27 AM IST

individuals homeowners and housing societies can buy home insurance. structure and its contents can be covered.

Protecting against floods

Natural calamities like floods could cause severe damage to lives and properties of people.

27 Aug 2018 12:15 AM IST

Punjab National Bank today said money of customers is safe and asserted that there would be zero tolerance towards unethical practices.

Big willful defaulters' dues to PNB drop to Rs 15,175 crore in July

The bank made a recovery from bad loans to the tune of Rs 7,700 crore in the first quarter ended June.

26 Aug 2018 4:28 PM IST

Public sector banks (PSBs) wrote off Rs 2.41 lakh crore worth of loans between April 2014 and September 2017, the Rajya Sabha was informed on Tuesday.

Public sector banks plan closure of 70 overseas offices this fiscal

Public sector banks closed down 35 foreign operations last year.

26 Aug 2018 1:49 PM IST

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

Bankers burning midnight oil to resolve Rs 3.8 tn NPAs before deadline

The circular came into effect on March 1 and the 180-day deadline concludes on August 27.

26 Aug 2018 1:41 PM IST

The official said that in the last five years rupee was stable against all the major currencies except dollar.

'Worst for rupee seems to be over; likely range 67-68 per USD by Dec'

The rupee has suffered significant losses this year.

26 Aug 2018 1:35 PM IST

Of the debit cards affected, 2.6 million are on Visa and MasterCard platforms, while 600,000 are on the home-grown RuPay platform (Photo: Pixabay)

Switch to chip-based debit cards by December 31: SBI to customers

The Reserve Bank on India had asked banks to issue only chip-based and PIN enabled debit and credit cards.

26 Aug 2018 1:28 PM IST

Forex market participants said that the steep fall in the rupee on Monday caught lot of importers off-guard due to which there was panic buying of dollars.

Rupee fall no macro worry, was long overdue, says Panagariya

Rupee depreciation was long overdue, saying appreciated currency had hurt the country's exports.

26 Aug 2018 1:08 PM IST

Indias GDP growth slowed to 5.7 per cent in April-June this year, down from 6.1 per cent in preceding three months. In picture: Raghuram Rajan. (Photo: PTI)

Rupee has not depreciated to a worrying level, says Rajan

The rupee on August 16 had slumped to a life-time low of 70.32 on strong demand for the US dollar.

25 Aug 2018 10:16 AM IST