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The finance ministry said that the bill is far more depositor-friendly than in many other countries which provide for statutory bail-in without consent of creditors and depositors.

Small Savings Act amended to allow flexibility to investors

No change in interest rate or tax policy on small savings scheme is being made through this amendment.

14 Feb 2018 10:07 AM IST

Lower opening in the domestic equity market put the rupee on the back foot.

Rupee gains 19 paise against dollar in opening trade

Rupee is trading at 64.13 against the US dollar in opening trade aided by stronger domestic equities.

14 Feb 2018 9:53 AM IST

McClean founder Premanand Eswarapu

Helping companies and households in upkeep

One of those, who gained this advantage and built over it, is Premanand Eswarapu.

14 Feb 2018 1:14 AM IST

The survey said the problem has continued to fester as Non-Performing Assets (NPAs) of the banking system (especially public sector banks) keep increasing, while credit and investment keep falling.

New rules to boost NPAs

According to data compiled by ICRA for around 50 large borrowers having banking exposure of Rs 2,000 crore or more and...

14 Feb 2018 1:11 AM IST

Savings serve as a form of self-insurance and enhance the sense of well-being.

PPF plans won't lose protection

The ministry said this protection would continue under the new law also.

14 Feb 2018 1:09 AM IST

Shiv Sena and MNS have always stressed on the of use Marathi as a official language in all central government offices, nationalised banks, railways, airport, etc.

Lead by PSBs, NPAs soar 34.5 pc in Q3; pain to linger on: report

PSBs had a weaker performance on various indicators, including key parameter of NPAs and also profitability.

13 Feb 2018 5:26 PM IST

Reserve Bank of India, RBI, is a banking regulator. It also calculates and fixes repo rate. (Photo: AFP)

RBI's new norms to speed up resolution of stressed assets

Gross NPAs of public sector and private sector banks as on Sept 30, 2017 were Rs 7,33,974 cr, Rs 1,02,808 cr...

13 Feb 2018 4:33 PM IST

Representational image of gold bars.

Gold up on jewellers' buying, global cues

Gold is trading at Rs 31,300 per ten gram on steady buying by local jewellers and positive global cues.

13 Feb 2018 4:04 PM IST

According to sources in the finance department, the GST collection was not expected to be so high and hence it had asked the Centre for a compensation of Rs 6500 crore.

GST mop up could top Rs 1 trillion a month post anti-evasion steps

Government has budgeted about Rs 7.44 lakh crore from GST in the 2018-19 fiscal beginning April 1.

13 Feb 2018 3:42 PM IST

Bitcoin operates by giving each user a unique public key, which is a string of numbers. Users can transmit money in the form of digital bitcoins from one public key to another.

Citi India bans use of debit, credit cards to buy bitcoins

RBI clarified that it has not given any licence to any entity to operate such schemes or deal with bitcoin.

13 Feb 2018 3:34 PM IST

The Sensex opened higher before trading at 26,646.65 at 1100 hours, a loss of 51.17, or 0.19 per cent.

BSE SME platform to see 100 IPOs in 2018

Currently, there are 180 companies listed on the BSE's SME platform.

13 Feb 2018 2:03 PM IST

Assocham president Sandeep Jajodia also urged the Centre that the NPA norms on getting the account classified under non-performing asset category for core sectors should be extended from 90-days to 180-days. (Photo:PTI)

Balancing farmers', consumers' interests a tight rope walk: ASSOCHAM

RBI said that inflation outlook beyond current year is likely to be shaped by several factors, including crude prices.

13 Feb 2018 12:50 PM IST