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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)

RBI may harden stance as inflation rises in April

The hardening of inflation, both retail and wholesale, comes weeks ahead of RBI's Monetary Policy Committee (MPC) meet...

15 May 2018 12:35 AM IST

South Indian Bank on Monday reported a jump of 51 per cent in net profit at Rs 114.10 crore for March quarter.

South Indian Bank Q4 net profit jumps 51 pc at Rs 114 crore

The bank's net profit during January-March, 2016-17 stood at Rs 75.54 crore.

14 May 2018 4:13 PM IST

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

RBI may go for 3 rate hikes from December quarter: report

It may go for three rate hikes by 2019 taking the key policy rate to 6.75 per cent.

14 May 2018 2:09 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

WPI inflation rises to 3.18 pc in April on costlier fuel, fruits

The Wholesale Price Index (WPI) based inflation stood at 2.47 per cent in March and 3.85 per cent in April last year.

14 May 2018 12:42 PM IST

The rupee had lost 8 paise to close at 65.52 against the US currency due to bouts of dollar demand from importers and banks.

RBI printing more notes to build cash reserves

The new currencies would not be released for circulation, but would be kept as reserves.

14 May 2018 9:10 AM IST

BJP leader Subramanian Swamy at Parliament in New Delhi on Thursday. (Photo: PTI)

Subramanian Swamy wants I-T abolished to ease burden

He said most taxpayers are the middle class and startup entrepreneurs and it amounts to harassment for them.

12 May 2018 12:29 AM IST

Industrial output declined by 0.3 per cent as against a growth of 4.8 per cent a year ago. (Photo: PTI)

Index of Industrial Production records 5-months low growth of 4.4 pc

The previous low at 1.8 per cent was recorded in October 2017.

11 May 2018 6:29 PM IST

Dena Bank on Friday reported widening of its net loss to Rs 1,225.42 crore in the March quarter on mounting bad loans and higher provisioning to cover them.

Dena Bank widens Q4 net loss at Rs 1225 cr as bad assets soar

For the entire fiscal, 2017-18, the bank has posted a net loss of Rs 1,923.15 crore.

11 May 2018 5:21 PM IST

Employees of public sector banks have threatened to go on two-day nation-wide strike from May 30.

Bank unions threaten 2-day nation-wide strike from May 30

IBA made two unacceptable propositions including an offer of 2 per cent hike in the wage bill cost as on March 31, 2017.

11 May 2018 4:51 PM IST

Motorists and legislators are demanding the rollback of dynamic pricing and blame the Centre for not controlling the inflation. (Photo: Internet)

Retail inflation seen climbing on higher oil prices: reports

April will be the sixth straight month of inflation above the RBI's 4 per cent medium-term target.

11 May 2018 2:20 PM IST

Union Bank of India Ltd reported on Thursday a 25.83 billion-rupee net loss for its fourth quarter.

Union Bank of India sees improvement after USD 384 million loss

Twenty one banks majority owned by New Delhi account for bulk of India's bad loans.

11 May 2018 12:03 PM IST

Credit Suisse said in a statement that its net loss was narrower than a year-earlier figure of 2.9 million Swiss francs.

India likely to opt for premium goods

India's luxury goods market, which is likely to reach $30 billion in 2018, is expected to continue to grow at 25-30 per...

11 May 2018 12:51 AM IST