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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

HDFC Bank is Indias second largest private sector bank. (Photo: PTI)

HDFC Bank recognized for best practices in payment security

For the second time in a row, the bank has won the award in the India and South Asia category.

1 Jun 2018 12:29 PM IST

Synergies Castings Limited, Indias leading aluminium alloy wheel manufacturer has signed a MoU with Andhra Pradesh government to establish a major Greenfield aluminium casting and speciality alloy wheel manufacturing facility in Vizag and to create 2,000 jobs.

Manufacturing PMI growth slows in May, inflationary pressures pick up

India GDP grew at its fastest annual pace in nearly two years during the January-March quarter.

1 Jun 2018 10:48 AM IST

The RBI has asked Axis Banks board to re-consider the decision to re-appoint Shikha Sharma as its MD and CEO for a fourth term.

Non-food credit growth up to 10.7 per cent for April: RBI

Priority sector loans growth slowed down to 5 per cent from the 5.7 per cent in the year-ago period.

1 Jun 2018 9:31 AM IST

$IMF chief Christine Lagarde on Sunday said the Indian economy is on a \very solid track\ in the mid-term. (Photo: AP)$ Business

IMF urges countries to work together to reduce trade barriers

For the first time in a long time, trade is growing faster than global GDP, and spreading recovery around the world.

1 Jun 2018 8:29 AM IST

India on track: Piyush Goyal

Fastest growing economy in Q4.

1 Jun 2018 12:51 AM IST