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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

The latest round of wage revision for all banks is due from 1 November 2017. (Photo: ANI)

PSBs should have operational freedom like private players: official

There are limitations with respect to ownerships in public sector banks but those issues can be easily resolved.

24 Aug 2018 5:09 PM IST

The latest action completes the first round of USD 50 billion in products that President Donald Trump targeted after USD 34 billion in goods were hit with punitive duties on July 6. (Photo: File)

US, China trade talks end with no breakthrough

The US-China talks this week were the first since discussions in June failed to produce any agreement.

24 Aug 2018 11:45 AM IST

Revenue Secretary Hasmukh Adhia

Hasmukh Adhia leads drive to bolster GST inflow

GST collection for month of July touched Rs 96,483 cr, slightly higher than Rs 95,610 cr collected in June.

24 Aug 2018 8:39 AM IST

State Bank of India

State Bank of India yet to recalibrate 18,135 ATMs for new notes: RTI

The recalibration is a process, in which the cassettes in the ATMs that hold cash are modified to suit the size of the...

23 Aug 2018 7:34 PM IST

Global ratings agency Fitch on Monday said it is doubtful about the strength of corporate governance at ICICI Bank, amid allegations of impropriety against its MD and Chief Executive Officer Chanda Kochhar.

Srikrishna panel report on Kochhar expected in 2 months: ICICI...

He further said that pending the report Kochhar remains the CEO of ICICI Bank.

23 Aug 2018 5:14 PM IST

The report noted that SBI Composite Leading Indicator (CLI) is signalling that the economic activity for Q1FY19 has picked up substantially and the GVA growth would be 7.6%.

Weak agriculture growth pulling down growth, says SBI

Overall manufacturing sector which grew by 5.7 per cent in FY18 will accelerate in FY19.

23 Aug 2018 12:17 AM IST