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In a significant development in the ongoing war against bank fraud, Dubai authorities have reportedly arrested Nitin Sandesara, one of the co-accused in the Sterling Biotech loan fraud case amounting to Rs 5,383 crore.

Nitin Sandesara held at Dubai in Rs 5,383 crore bank fraud case

Nitin Sandesara is likely to be deported to India shortly because CBI, the nodal agency, has been informed by Interpol...

16 Aug 2018 10:58 AM IST

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

RBI puts 200 stressed account under scanner

This exercise comes at a time when gross NPAs in the banking system has risen to around Rs 10.3 lakh crore.

15 Aug 2018 4:03 PM IST

Prime Minister Narendra Modi addresses nation on 72nd Independence Day. (Photo: Twitter | ANI)

India to be engine of world growth for 3 decades: PM Modi

GST, bankruptcy and insolvency law and benami property law that helped transform the economy.

15 Aug 2018 8:56 AM IST

The hackers, who worked for a Russian state-sponsored group known as Dragonfly or Energetic Bear, claimed hundreds of victims in 2017. (Photo: Pixabay)

Cosmos Bank's server hacked; Rs 94 crore siphoned off in 2 days

The fraudulent transactions were carried out on August 11 and August 13 through 25 ATMs.

14 Aug 2018 2:28 PM IST

The rupee on Thursday spurted 12 paise to 64.80 against the US currency. (Photo: AP)

Rupee fall due to external factors: Economic Affairs Secretary

The rupee hit an all-time low of 70.1 per dollar earlier, as concerns about Turkey's economic woes persisted.

14 Aug 2018 12:31 PM IST

Rupee has seen robust trading sessions over past few days. (Photo: PTI)

Rupee crashes to all-time low of 70.09 against US dollar

The rupee was last at 69.99 to the dollar, compared with its previous close of 69.95 per dollar.

14 Aug 2018 11:04 AM IST

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

China printing Indian currency notes, says report

A host of countries, including India, have contracts with the Chinese government for printing of currency notes, says...

14 Aug 2018 10:09 AM IST

Higher opening in domestic stock market limited rupee losses. (Photo: PTI).

Rupee recovers from life-time low, up 23 paise against US dollar

Yesterday, the rupee had plunged by Rs 1.08, or 1.57 per cent, to a record low of 69.91 against the US currency.

14 Aug 2018 9:56 AM IST

State Bank of India

SBI shares continue to fall; down over 3 per cent

The stock went down 3.17 per cent to end at Rs 294.80 on BSE.

13 Aug 2018 7:06 PM IST

Former MD and CEO of the Punjab National Bank Usha Ananthasubramanian. (Youtube | Screengrab)

Punjab National Bank scam: Govt dismisses former MD from service

She was to superannuate on Monday but has been dismissed from the service.

13 Aug 2018 5:52 PM IST

The inflows can be attributed to the improvement in some of the underlying factors such as weakness in crude oil prices.

FPIs back with bang; pump in over Rs 8,500 cr in eight days

According to latest depository data, FPIs pumped in a net sum of Rs 2,373 cr into equities during August.

13 Aug 2018 9:01 AM IST

The US dollar ended sharply cheaper against the rupee at 64.97/98 per dollar.

RBI net sells USD 6.184 billion of US currency in June

Reserve Bank continued to remain net seller of the US currency for the third consecutive month in June.

12 Aug 2018 5:18 PM IST