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Billionaire jeweller Nirav Modi has refused to join the CBI investigation in the $2 billion fraud in Punjab National Bank.

Nirav Modi scam: PNB, Allahabad Bank to decide on further action

CBI filed charge sheet in May pointed involvement of top officials of banks.

22 July 2018 6:15 PM IST

Chinas foreign exchange reserves rose slightly in March as broad U.S. dollar weakness continued.

Rupee recovers from record lows, up 9 paise against US dollar

The rupee is under pressure amid rising crude oil and higher inflation.

20 July 2018 12:16 PM IST

Standard and Poors

Higher interest rate in US, trade issues pose capital flight risk for...

Trade growth looks robust, but higher oil prices are hurting the overall external balance.

20 July 2018 10:44 AM IST

Kotak Mahindra reported almost fourfold jump in net profit to Rs 741.97 crore in the first quarter ended June of current fiscal.

Kotak Mahindra Bank Q1 net profit up 12 per cent to Rs 1,025 crore

The bank's net profit stood at Rs 912.73 crore in the corresponding period of 2017-18.

19 July 2018 2:39 PM IST

Asian Development Bank, ADB, plans to raise its annual lending to India. )Photo: AFP)

ADB maintains 2018, 2019 GDP growth forecasts for developing Asia

Asian Development Outlook kept its 2018 and 2019 economic growth estimates for the region at 6.0 per cent and 5.9 per...

19 July 2018 9:55 AM 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.

India's growth remains quite robust into future: IMF

The general tightening in global financial conditions is playing a role in affecting India's growth.

18 July 2018 11:01 AM 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.

Rs 11,336 crore to be infused in 5 PSU banks

Out of Rs 1.35 lakh crore, the govt already infused about Rs 71,000 crore through recap bonds in banks.

18 July 2018 9:03 AM IST

Shares of Federal Bank on Tuesday surged over 19 per cent after the company registered a 25 per cent increase in its net profit for first quarter of the current fiscal.

Federal Bank shares soar over 19 pc as Q1 net profit rises

The bank's net profit in the corresponding three months to June in 2017-18 stood at Rs 210.15 crore.

17 July 2018 5:33 PM IST

The Finance Ministry may come out with a Rs 10,000-crore follow-on fund offer of the Bharat-22 exchange traded fund (ETF) as it looks to dilute stake in Coal India to meet the minimum public holding norm.

Finance ministry likely to infuse about Rs 10,000 cr in PSU banks

The sources said that capital infusion may take place this week itself or latest by next week.

17 July 2018 3:15 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.

ICICI Bank postpones its annual general meeting by a month

The meeting has been rescheduled to September 12 as against the earlier schedule of August 10.

17 July 2018 11:25 AM IST

Of the total premium underwritten by non-life insurance companies during the month, public insurers garnered Rs 9,164.10 crore while private players took a combined Rs 5,785.90 crore.

Get insurance for car from monsoon-related damages

with cities getting flooded due to faulty infrastructure, it makes sense to get a monsoon cover for car before you drive...

16 July 2018 2:03 AM IST

The government has asked PNB and probe agencies to share details of the Rs 13,000 crore scam with chartered accountants apex body ICAI, which is looking into the systemic issues related to the fraud, an official said.

PNB's NPA recovery in first quarter tops FY 2018 level

The Insolvency and Bankruptcy Code (IBC) resolution process has greatly helped Punjab National Bank.

15 July 2018 3:47 PM IST