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Move will mean that all retail branches of SBI in the UK will fall under a new UK-incorporated banking entity. (Photo: PTI)

Chennai-based jeweller defrauds banks of Rs 824 crore

CBI officers from the Chennai unit will investigate the complaint.

22 March 2018 12:37 AM IST

Crying foul over the falling interest rates on fixed deposits, non-pensioner senior citizens blame the government and banking sector

Banking sector could witness turnaround in FY20: S&P

Demonetisation and GST implementation hurdles and continuing global recovery provide the stimuli to country's trade and...

21 March 2018 5:26 PM IST

Federal Reserve Chairman Jerome Powell. (Photo: AFP)

Fed likely to raise rates, may upgrade 2018 outlook

The US central bank projected late last year that it would lift rates three times in 2018.

21 March 2018 11:13 AM IST

All other terms and conditions of the existing housing and car loan scheme will be applicable to the borrowers, PNB said.

PNB woes spur Goldman Sachs downgrades India's economic growth...

Goldman Sachs lowered its real GDP forecast on India for year to March 2019 to 7.6 per cent from 8 per cent earlier.

20 March 2018 3:52 PM 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.

Outlook for Indian govt bonds to remain challenging: DBS

As of September 2017, India's short-term external debt totalled 3.8 per cent of GDP.

20 March 2018 11:21 AM IST

The revenue loss to states on account of GST implementation was Rs 24,500 crore between July-October and the Centre has released compensation to make up for it.

CBEC to verify GST transitional credit claims of 50,000 taxpayers

GST collections in November stood at Rs 83,716 crore, December Rs 88,929 crore and January Rs 88,047 crore.

19 March 2018 5:49 PM IST

RBI on Wednesday kept repo rate unchanged at 6 per cent. (Photo: AFP)

RBI likely to remain on extended pause: report

Inflation is likely to remain close to 4.5 per cent during 2018-19, says a report.

19 March 2018 10:42 AM IST

RBI governor Urjit Patel, however, felt that the incoming data should provide greater clarity about the persistence of inflationary pressures.

Demonetised notes shredded, briquetted before being disposed of: RBI

The central bank had earlier estimated the value of old Rs 500 and Rs 1,000 notes received, as on June 30, 2017, at Rs...

18 March 2018 1:23 PM IST

Niti Aayog working on new transport policy: Rajiv Kumar

Niti Aayog is well placed to come up with a reality-based transport model, with consultations with all the...

17 March 2018 2:41 PM IST

RBI on Wednesday kept repo rate unchanged at 6 per cent. (Photo: AFP)

RBI issues corrective framework for PSBs

RBI has issued a Prompt Corrective Action (PCA) framework to maintain sound financial health of banks.

17 March 2018 1:12 PM IST

FDI inflows into India firmed up by 22 per cent to USD 35.85 billion during April-December 2016.

FDI in agriculture sector up at Rs 611.28 crore till December of FY18

FDI in agriculture was Rs 515.9 crore in the entire 2016-17 fiscal, Rs 553.14 crore in 2015-16.

17 March 2018 11:07 AM IST

: Indias economic growth picked up sharply in October-December quarter (third quarter) expanding by 7.2 per cent, which indicates that economy has turnaround after demonetisation and GST.

Centre, states sanction Rs 10,000 cr refunds due to exporters: Finance...

GST Council, in its last meeting on March 10, has directed all States tax authorities to proactively clear refund...

17 March 2018 10:33 AM IST