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Though revenue growth rose to 14 percent in 2016-17, demonetisation further pulled it down to nearly 10%.Business
Revenue collection for April-May capped at Rs 1,27,461 crore

The aforementioned figure comprises Rs 1,02,408 crore tax revenue.

30 Jun 2018 11:03 AM 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 appoints ex-petroleum secretary as non-executive chairman

The appointment will provide maturity and sagacity to the deliberations of the board, it added.

29 Jun 2018 12:47 PM IST

The rupee had ended 6 paise down at 67.64 against the US dollar on FridayBusiness
Rupee sinks to record low against US dollar, breaches 69-mark

Global oil prices have climbed after the US asked its allies to end all imports of Iranian oil by November.

28 Jun 2018 11:08 AM IST

Global political risks and strengthening of the US dollar could be the key factors affecting rupee as against the greenback.Business
Rupee skids on oil to 19-month low

The spike in global crude oil prices could also hurt India's current account deficit and stoke domestic inflation.

28 Jun 2018 12:43 AM IST

The Income Tax Department is matching the \tax profiles\ of all property registrations of above Rs 30 lakh under the provisions of the anti-Benami Act. (Photo: PTI/Representational)Business
Rs 2,000 crore GST evasion unearthed in 2 months

Only 1 per cent of over 1.11 crore registered businesses pay 80 per cent of the taxes.

27 Jun 2018 4:24 PM IST

The rating agency noted that losses were reported at 19 of the 21 state banks in FY18, including State Bank of India (SBI), while earnings at the large private banks also came under significant pressure, with Axis Bank reporting its first-ever quarterly loss.Business
State-run banks hopeful of getting out of RBI's watchlist by 2020

Under the PCA, banks face restrictions on distributing dividends and remitting profits.

27 Jun 2018 1:11 PM IST

Prime Minster Narendra ModiBusiness
Fiscal condition is in control, says Modi

Urges AIIB to increase lending to $40 billion by 2020.

27 Jun 2018 12:36 AM IST

Reserve Bank of India (RBI) on Thursday directed all payment system operators in India to store data within the country.Business
NPA situation likely to worsen further, says Reserve Bank of India

The RBI said stress in the banking sector continues as gross non-performing advances ratio rises further.

26 Jun 2018 7:01 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.Business
Govt plans mega event to mark 1st anniversary of GST on July 1

Union Minister Arun Jaitley too would be addressing the gathering through video conferencing.

26 Jun 2018 3:52 PM IST

India Ratings and Research (Ind-Ra) logoBusiness
India in better position to deal with oil shock

Rupee's free fall may lead to inclusion in fragile 5 economy, warns Ind-Ra.

26 Jun 2018 12:34 AM IST

If the Reserve Bank of India has been caught napping in the Punjab National Bank episode, one reason could be that the RBI does not have a full-time deputy governor to supervise banks.Business
RBI may hike rates further to check inflation, says HSBC

Expectations for Fed rate hikes have increased further in recent weeks.

25 Jun 2018 1:41 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 gets new whistleblower complaint on loan accounts amounting Rs...

ICICI Bank on Friday said it had received complaints about 31 loan accounts from an anonymous complainant.

23 Jun 2018 12:22 PM IST

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