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Finance Ministry

PCA: Finance Ministry to review steps taken by banks

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

17 May 2018 9:12 AM IST

Govt clears raising budget by Rs 11,330 cr for Defence NFS project

It will have forward linkages to other related industries such as telecom equipment manufacturing and other telecom...

16 May 2018 5:20 PM IST

The bank has reduced marginal cost of funds based lending rate (MCLR) by 0.7 per cent to 8.75 per cent for 1 year tenor, Syndicate Bank said in a filing on stock exchanges.

Syndicate Bank shares slump over 12 pc on weak Q4 earnings

The bank had posted a net profit of Rs 103.84 crore in the corresponding January-March quarter of 2016-17.

16 May 2018 5:05 PM IST

India has been opposing discussions on new issues like e-commerce, SMEs, gender, investment at the World Trade Organisation. (Photo: ANI)

April sees 23 per cent jump in venture investments at USD 2.4 bn

Investments by private equity and venture capital funds had stood at USD 1.9 billion in the year-ago period.

16 May 2018 2:22 PM IST

Taking merchandise and services together, overall trade deficit for FY18 is estimated at $80.61 billion as compared to $41.79 billion during FY17.

India's April trade deficit widens to USD 13.7 billion

Trade deficit for 2017-18 fiscal year ending in March grew to $156.8 bn from $105.72 bn in previous year

16 May 2018 8:27 AM IST

Karnataka Bank on Thursday reduced interest rate to 3 per cent for accounts having deposits of less than Rs 1 lakh.

Karnataka Bank Q4 net dives 92 pc as NPA provisioning swells

Provisioning amount for the full year more than doubled at Rs 1,163.01 crore against Rs 527.85 crore in the preceding...

15 May 2018 5:41 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.

Free banking services out of GST net, says Finance ministry

Every bank offers a different slab of minimum balance to customers, based on which some free services are provided.

15 May 2018 4:37 PM IST

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

Punjab National Bank posts biggest ever quarterly loss of Rs 13,417 cr

The bank had reported a staggering standalone profit of Rs 261.90 crore in the fourth quarter of 2016-17.

15 May 2018 4:03 PM IST

A group of terrorists looted the Jammu and Kashmir Bank at Arwani Bijbehara in Anantnag district on Monday. (Photo: ANI/Twitter)

Jammu and Kashmir Bank reduces loan rates for women borrowers

Jammu and Kashmir Bank has announced reduction in interest rates on loans for women borrowers following state...

15 May 2018 2:10 PM IST

IDBI shares fell as much as 3.5 per cent to 73.6 rupees.

Two independent directors of IDBI Bank quit

Karpe and Ravi cease to be independent directors of IDBI Bank with effect from May 11 and May 12 respectively.

15 May 2018 1:52 PM IST

Over 17 lakh e-way bills for inter-state movement of goods have been generated by businesses and transporters since the launch of the GST anti-evasion measure on April 1.

E-way bill rollout due in Assam, Rajasthan this week

As per Finance Ministry, the e-way bill rollout has been scheduled for Wednesday (May 16) in Assam, and Sunday (May 20)...

15 May 2018 12:39 PM IST

Dollars gains against other currencies overseas put squeeze on rupee.

Inflation concerns makes rupee hit 16-month low

The local currency closed at 67.52 a dollar, down 0.27 per cent from its previous close of 67.32.

15 May 2018 12:39 AM IST