Home » Business » Economy

Economy - Page 297

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

Reserve Bank of India turns net seller of US dollar in April

In FY18, the apex had net purchased USD 33.689 billion from the spot market.

11 Jun 2018 7:40 PM IST

The Monetary Policy Committee (MPC), headed by RBI Governor Urjit Patel, started its 2-day meeting on Wednesday.

Urjit Patel likely to appear before parliamentary panel tomorrow

Patel is scheduled to appear before the Parliament's Standing Committee on Finance headed by Congress leader Veerappa...

11 Jun 2018 7:20 PM IST

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

RBI to raise USD 30-35 bn via NRI bonds to support rupee: report

FPI inflows to India will be impacted by Chinese firms listing in global benchmark indicies like MSCI.

11 Jun 2018 3:40 PM IST

According to depository data FPIs infused a net sum of Rs 9,628 crore in equities.

Over 1,300 new FPIs register with Sebi in FY18

The number of FPIs with the markets regulator climbed to 9,136 at the end of March this year from 7,807 a year ago.

11 Jun 2018 2:27 PM IST

It said that retail inflation is expected to moderate to 5 per cent in January (5.2 per cent previously) and that the trade deficit narrowed to $12 billion ($14.9billion previously). (Representational Image)

May inflation likely to hit four-month high on oil price surge: report

Consumer price inflation is likely to have accelerated in May, due in large part to a rise in fuel inflation.

11 Jun 2018 11:23 AM IST

ATMs in cities of Uttar Pradesh, Bihar, Andhra Pradesh, Maharashtra and poll-bound Karnataka were either not operating or showed no cash signs, reminiscent of post-demonetisation scene.

ATMs run dry ahead of Id-ul-Fitr in Hyderabad

MBT leader Amjedullah Khan said that the RBI should immediately understand the problem and replenish the ATMs with cash.

11 Jun 2018 1:07 AM IST

Punjab National Bank today said money of customers is safe and asserted that there would be zero tolerance towards unethical practices.

PNB expects Rs 8,000 crore recovery from NPAs this month

The bank, with its focus on recovery of dues from defaulters, has managed to surpass the total amount recovered in the...

10 Jun 2018 7:40 PM IST

State Bank of India, SBI, had earlier reduced minimum balance requirement. (Photo: PTI)

SBI to auction 12 bad accounts this month to recover over Rs 1325 cr

The lender's gross non-performing assets or bad loans as on March 31, 2018, reached Rs 2.23 lakh crore.

10 Jun 2018 12:58 PM IST

A huge police force has been deployed in the area to prevent further outbreak of violence.

Violence cost India's GDP over USD 1 trillion, per person cost at Rs...

The economic impact of violence to the global economy was USD 14.76 trillion in 2017, in PPP terms.

10 Jun 2018 12:45 PM IST

Income tax inquiries with Kodanad estate manager revealed that huge amount has been distributed to voters from Kodanad estate during last TN assembly polls.

Currency with public hits record at over Rs 18 lakh crore

After the recent cash crunch, the government had announced that printing of Rs 500 notes would be stepped up.

10 Jun 2018 12:18 PM IST

In its first board meeting after a controversy erupted involving Chanda Kochhar and the Videocon Group, leading private lender ICICI Bank examined insolvency cases pending before the National Company Law Tribunal (NCLT) under the Insolvency and Bankruptcy Code, 2016.

Indian agencies may seek foreign help in ICICI bank fraud case

Piyush Goyal said the law will take its own course in the alleged case of nepotism at ICICI Bank.

10 Jun 2018 11:57 AM IST

The Reserve Bank of Indias regional office here on Friday received 14 tonnes of new Rs 500 notes worth crores of rupees to be dispatched to banks across the state.

Tax dept clears Rs 7,000 crore GST refunds of exporters

About Rs 14,000 crore of refunds of exporters were stuck due to various mismatches.

9 Jun 2018 11:26 AM IST