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

Reserve Bank of India to hold rates, but June hike now close call

GDP data showed Asia's 3rd-largest economy grew at its fastest pace in nearly 2 years in the Jan-Mar period.

5 Jun 2018 10:28 AM IST

US. West Texas Intermediate (WTI) crude oil futures CLc1 were trading at $52.04 per barrel, up 8 cents.

Oil, MSP may derail fiscal deficit plans

Crude oil settling at $75-80 could also affect economic growth and push up fiscal deficits beyond 3.3 per cent.

5 Jun 2018 8:59 AM IST

PNB has suspended 10 officers over the scam and referred the matter to CBI for investigation. (Photo: PTI)

Fitch downgrades PNB's rating on deteriorating credit profile

VRs represent the capacity of the bank to maintain ongoing operations and to avoid failure.

4 Jun 2018 5:23 PM IST

RBI governor Urjit Patel

RBI's interest rate setting panel starts 3-day meet

RBI may hike interest rate for the first time after four-and-half years.

4 Jun 2018 4:13 PM IST

Reserve Bank of India (RBI) on Thursday directed all payment system operators in India to store data within the country.

Govt appoints IDBI Bank CEO Mahesh Jain as RBI deputy governor

Rajeev Kumar, secretary, Department of Financial Services at the Ministry of Finance, said in a tweet.

4 Jun 2018 2:55 PM IST

Bank of Baroda is one of largest public sector banks. (Photo: Representational/PTI)

Govt plans merger of four public sector banks to overcome losses

Asset quality of the bank worsened as gross non-performing assets or bad loans surged.

4 Jun 2018 2:09 PM IST

Last month, we saw a spike in risk aversion due to hardening of crude oil prices leading to outflow of funds from emerging markets including India: Ajay Bodke, CEO, Prabhudas Lilladher.

Foreign investors pull out Rs 29,776 crore from market

However he noted that the prices of oil has corrected significantly after hitting a high of $80 per barrel, which is...

4 Jun 2018 1:47 AM IST

International passengers buying goods at airport duty-free shops will not be subject to GST and the revenue department will soon clarify on this exemption, an official said.

International passengers need not pay GST at duty-free shops

The revenue department had received a number of representations seeking clarification on the issue.

3 Jun 2018 2:40 PM IST

PNB branch on Avvai Shanmugham Salai where unidentified men made an unsuccessful attempt to rob on Friday night.

PNB pins hope on asset sale, IBC resolution to raise Rs 13,000 cr

Moody's Investors Service had last month downgraded PNB's rating citing impact of the recent USD 2 billion fraud.

1 Jun 2018 6:48 PM IST

State Bank of India

State-run banks wiped out the USD 13-billion capital infusion by the...

Around 19 of the 21 state-run banks reported losses for the fiscal, including country's largest lender SBI.

1 Jun 2018 3:36 PM IST

The inflationary expectations would be seeping even in the core inflation (non-food, non-fuel). Going forward, both external and internal factors would weigh on the mind of the Monetary Policy Committee of the RBI Assocham

Retail inflation for industrial workers softens to 3.97 pc in April

Food inflation stood at 1.33 per cent against 1.68 per cent of the previous month

1 Jun 2018 3:04 PM IST

The government is considering converting GST Network- which is handling the IT infrastructure of the new indirect tax regime - into a state-owned company, an official source said.

GST collections in May drop to Rs 94,016 crore

Total GST compensation released to states for FY 2017-18 (July 2017 to March 2018) has been Rs 47,844 crore.

1 Jun 2018 1:02 PM IST