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Banning of letters of undertaking (LoUs) and letters of comfort (LoCs) by the RBI as trade finance instruments is likely to reduce financial flexibility of importers, a Fitch group company said on Wednesday.

RBI audit reveals NPA divergence of Rs 45,600 crore in PSBs

SBI had reported a net loss of Rs 3,969.2 crore in fourth quarter of last fiscal compared to Rs 1,045.5 cr.

30 May 2018 8:50 AM 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.

Rs 20,000 crore GST refund pending with govt, says FIEO

FIEO President Ganesh Gupta said the delay in refund is mainly impacting small exporters.

29 May 2018 7:17 PM IST

The Reserve Bank of India on Thursday kept the key policy rate unchanged at 6 per cent for the fourth consecutive time.

Sudha Balakrishnan appointed as first CFO of Reserve Bank of India

The CFO will be responsible for reporting of financial information of the central bank.

29 May 2018 7:05 PM IST

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

Fuel prices to weigh on RBI's MPC 3-day meet from June 4

The domestic retail petrol and diesel prices are at all time high on account of rise in crude oil prices.

29 May 2018 5:12 PM IST

EEPC India on Monday said Indias exports grew by 17 per cent to USD 76 billion in financial year 2017-18.

India's exports seen hitting USD 350 billion in 2018-19: trade body

FIEO also hopes India will actively engage with the United States to protect local industry's interest.

29 May 2018 3:23 PM IST

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

RBI's June policy a close call, tone to remain hawkish: UBS

The MPC maintained status quo for the fourth consecutive time since August last year.

29 May 2018 2:10 PM IST

The unmet credit demand among small entrepreneurs and rural households have helped many of the leading non-banking finance companies (NBFCs) to grow their loan booksfaster than banks. (Representational image)

NBFCs may tap Indian bond mart

The NBFCs have accounted for 40 per cent of the retail bond issuances during FY11 FY18 period, the balance being...

29 May 2018 12:42 AM IST

Bank of India has cut MCLR rates by 0.05-0.10 per cent for various tenors from September 10.

Bank of India Q4 loss widens to about Rs 4,000 crore on bad loans

The gross non-performing assets (NPAs) hit 16.58 per cent of the gross advances, as against 13.22 per cent by end March...

28 May 2018 6:34 PM IST

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

RBI asks Rupee Co-op Bank to continue restriction for 3 more months

As per Rupee Co-Operative Bank website, the lender has 40 offices/branches, including the headquarter in Pune, across...

28 May 2018 6:08 PM IST

India now 'bright spot' in global economy: Arun Jaitley

Modi government has provided a 'scam-free' governance during the last four years, says Jaitley

26 May 2018 3:42 PM IST

Crude oil prices have remained high in the recent past due to production cuts by Opec and a gradual recovery in the global economic growth.

Crude oil may derail economy

To slowdown foreign investment, increase inflation, balloon imports.

26 May 2018 1:27 AM IST

The possibility of the government skidding on the fiscal deficit front is hardly good news at the close of a turbulent year that saw demonetisation and a hurried introduction of a flawed Goods and Services Tax ravage the economy, particularly the cash-dependent rural economy.

Indian economy strong, reforms on track: CII

The overall economy is strong with GST having settled down and reforms firmly on the right path.

25 May 2018 2:31 PM IST