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Punjab National Bank (PNB) was hit by countrys biggest ever banking fraud of more than Rs 13,000 crore.

Will be out of Nirav Modi mess in 6 months: PNB MD Sunil Mehta

The bank has launched 'Mission Parivartan' to realign all business processes to meet present day requirements.

8 April 2018 2:43 PM IST

Leading public sector lenders State Bank of India (SBI) and Punjab National Bank (PNB) have put their 15 non-performing assets worth Rs 1,063 crore for sale.

SBI, PNB put 15 NPAs worth Rs 1,063 crore for sale

All the 21 public sector banks had gross bad loans of over Rs 7.33 lakh crore.

8 April 2018 2:11 PM IST

The Mumbai zone of the Central GST Commissionerate has mopped up revenue of Rs 72,509 crore till February this year, tax officials said.

CGST Mumbai zone mops up Rs 72,509-crore revenue till February

The figures for March CGST collection from the zone will be known by April-end, the official said.

8 April 2018 1:38 PM IST

The Reserve Bank is expected to go for a hike in key policy rates by the fourth quarter of this year.

RBI may start off rate hike cycle by Q4 2018: report

The global financial services major, expects the start of a shallow rate hike cycle by the fourth quarter of 2018.

8 April 2018 1:29 PM IST

US President Donald Trump warned that he could slap another USD 100 billion of extra tariffs on Chinas imports.

Donald Trump's USD 100 billion warning to China sends stocks lower

There is no actual trade war but the war of words is being fiercely fought.

8 April 2018 12:56 PM IST

Chicago Federal Reserve Bank President Charles Evans, one of the Feds most dovish policymakers, said Saturday that he is optimistic inflation will reach the Feds 2 per cent goal and that slow, gradual rate increases will be appropriate. (Image: CNBC)

Fed's Charles Evans says he's optimistic on inflation, wants rate...

Gradual rate increases will be appropriate.

8 April 2018 11:34 AM IST

ASSOCHAM cautioned that extreme care needs to be taken to ensure safety of data trail that the cryptocurrency can leave, as it changes hands through a range of electronic devices and platforms.

Cryptocurrency: ASSOCHAM calls for extreme care

It is quite pragmatic and courageous of the RBI to initiate exploratory steps towards the world of virtual currencies.

8 April 2018 11:18 AM IST

The countrys foreign exchange reserves hit a life-time high of USD 424.361 billion after rising by USD 1.828 billion in the week to March 30, helped by rise in foreign currency assets, the Reserve Bank said on Friday.

India's forex reserves rise to life-time high of USD 424.361 billion

In the previous week, the reserves had increased by USD 1.197 billion to USD 422.532 billion.

6 April 2018 7:22 PM IST

The CBI on Friday questioned a former Deputy Governor of the Reserve Bank, H R Khan, in connection with alleged bank fraud cases involving diamond traders Nirav Modi and Mehul Choksi and relaxation of gold import policy by the erstwhile UPA government, sources said on Friday.

PNB fraud case: CBI quizzes ex-deputy governor of RBI

The officials said he was questioned about the UPA government's 20:80 gold import scheme.

6 April 2018 6:45 PM IST

FICCI President Rashesh Shah suggested that a rate cut be facilitated in the coming quarters to spur demand and investments.

FICCI recommends RBI to 'find space for rate cut'

FICCI has said the former must find space for a rate cut in the coming quarters.

6 April 2018 5:43 PM IST

The finance ministry on Friday said a 5 per cent GST will be levied on food and drinks supplied by the Indian Railways or IRCTC in trains, platforms or stations.

Railway catering services in trains, stations to attract 5 pc GST

The Finance Ministry has written to the Railway Board on March 31 about the 5 per cent rate.

6 April 2018 5:04 PM IST

Taking cognisance of the risks associated in dealing with bitcoin and other such VCs, the RBI decided that, with immediate effect, entities regulated by it shall not deal with or provide services to any individual or business entities dealing with or settling VCs.

RBI to review feasibility of introducing digital currency

Virtual currencies raise concerns of consumer protection, market integrity and money laundering.

6 April 2018 3:47 PM IST