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In a worrying sign, India reported a fiscal deficit of Rs 6.12 lakh crore for the April-November period.

Cashfree launches 'Payouts' to make bulk payments easier

Payouts is revolutionary product for companies handling large number of daily transactions.

21 Aug 2018 2:19 PM IST

Employee unions of banks and state-run insurance companies will stage a sit-in at Azad Maidan in the city tomorrow to protest against privatisation of banks, allowing foreign direct investment (FDI) in the insurance sector and to expedite wage revision.

Govt aid will give capital relief to banks, but stress will remain:...

The government plans to provide Rs 65,000 crore of new capital for public sector banks.

21 Aug 2018 2:11 PM IST

Union Finance Minister Arun Jaitley has not been attending office since Monday and even skipped taking oath after being re-elected as Rajya Sabha MP from Uttar Pradesh. (Photo: PTI | File)

Macro instability due to UPA policies, says Arun Jaitley

Mr Jaitley said that the UPA government in 2004 inherited an 8 per cent plus growing economy from the previous NDA...

20 Aug 2018 12:50 AM IST

Corporate and institutional banking accounts for the bulk of revenues at Standard Chartered, which had 84,477 employees in total at the end of June.

DoT blacklists bank guarantees issued by Standard Chartered Bank

Standard Chartered Bank has failed to invoke a BG issued by them on behalf of Aircel Group of companies.

19 Aug 2018 1:57 PM IST

The rating agency noted that losses were reported at 19 of the 21 state banks in FY18, including State Bank of India (SBI), while earnings at the large private banks also came under significant pressure, with Axis Bank reporting its first-ever quarterly loss.

Clean Banking is new normal for banks, says Rajiv Kumar

The NPA crisis brought opportunity for introduction of responsible and responsive banking.

19 Aug 2018 10:51 AM IST

According to Venture Intelligence, private equity (PE) firms invested about $3.7 billion across 133 deals in the January-March period as against 200 transactions worth $7.3 billion recorded in the same period last year. (Representational image)

PE investments deal tally at USD 11.5 billion in January-July:...

Real estate, e commerce and pharma also attracted investments of over USD 100 million.

17 Aug 2018 4:39 PM IST

Domestic investors were reluctant to expand their portfolios ahead of the RBIs monetary policy review, brokers said.

RBI's monetary policy panel cites inflationary risks as reason for...

India posted its best growth in nearly two years at 7.7 per cent in January-March quarter.

17 Aug 2018 9:38 AM IST

On Thursday, rupee closed at a fresh all-time low of 70.16 a dollar after hitting an intraday low of 70.40 after Indias current account deficit widened to five-year high.

Telcos may see negative impact

It expects the credit profile of rates infrastructure firms to be largely protected from the current bout of rupee...

17 Aug 2018 2:42 AM IST

PayU India and Reliance Money will make sure that the entire process is completely digital, saving customers the hassle and the delays usually associated with a loan approval process.

Rupee closes at new all-time low of 70.16

RBI intervened in the currency market to save the beleaguered currency, currency traders said.

17 Aug 2018 2:24 AM IST

The rupee yesterday had tumbled by 30 paise to end at a fresh 2016 low of 68.76.

Indian travellers unfazed by Rupee fall

The weakness in the rupee against the dollar has not had any impact on the travel plans of Indians.

16 Aug 2018 6:10 PM IST

The rating agency noted that losses were reported at 19 of the 21 state banks in FY18, including State Bank of India (SBI), while earnings at the large private banks also came under significant pressure, with Axis Bank reporting its first-ever quarterly loss.

Banks to come out of PCA framework by this fiscal: Rajiv Kumar

Various measures taken by the government including implementation of Insolvency and Bankruptcy Code has yielded good...

16 Aug 2018 4:40 PM IST

Prime Minister Narendra Modi, who will reply to the debate, is expected to use the occasion as a launching pad for campaign for 2019 general election. (Photo: File | PTI)

If rupee fall continues, it can hurt Narendra Modi

Prime Minister Narendra Modi's job could become a lot harder just before big state and national elections.

16 Aug 2018 4:24 PM IST