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

State Bank of India, SBI, had earlier reduced minimum balance requirement. (Photo: PTI)Business
SBI shares tumble over 5 per cent on Q1 hefty loss of Rs 4,876 cr

The bank had earned a net profit of Rs 2,006 crore in the April-June period of the previous fiscal.

10 Aug 2018 3:36 PM IST

With multiple agencies probing the alleged Rs 13,000-crore fraud at state-run Punjab National Bank, the Reserve Bank of India (RBI) says it has conducted its scrutiny and the matter is currently under examination for \enforcement action\.Business
RBI likely intervenes to stem rupee fall: traders

Since April RBI has sold $21 billion in spot and $10 billion in forwards, according to traders.

10 Aug 2018 1:03 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.Business
ICICI Bank shares soar nearly 9 pc; m-cap rises by Rs 9,519 crore

Buying was also seen in other bank stocks, with Axis Bank surging 3.86 per cent and SBI rising 2.53 per cent on BSE.

9 Aug 2018 6:33 PM IST

ICICI Banks tier-I capital adequacy ratio stood at 15.92 per cent and the total capital adequacy at 18.42 per cent by end-March 2018.Business
ICICI bank to disburse Rs 10,000 cr retail loan in Punjab, Haryana

The bank will reach the target by expanding its consumer-personal, vehicle and two-wheeler-loans.

9 Aug 2018 5:30 PM IST

PayPal signed deals with Mastercard Inc and Visa Inc earlier this year for store payments, leading to some concerns that they would result in higher transaction expenses for the company.Business
PayPal, HDFC Bank partner to offer seamless payment experiences

This agreement will take effect immediately, with new experiences available to customers.

9 Aug 2018 2:12 PM IST

Despite IMFs downward revision of Indias growth rate and a slight upward revision of Chinas growth projections, India continues to be the fastest growing countries among emerging economies.Business
IMF forecasts India's GDP to grow at 7.5 per cent in 2019-20

Current account deficit is projected to widen further to 2.6 per cent of GDP on rising oil prices.

9 Aug 2018 9:27 AM IST

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