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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 cuts MCLR by 5 bps across tenors

The one-year MCLR has come down to 7.85 per cent per annum from 7.90 per cent.

7 Feb 2020 11:15 AM IST

Future First Insurance Broking has teamed up with Arohan Financial Services, part of the Aavishkaar Group, eastern Indias largest NBFC MFI, to offer simple, customized and affordable insurance products in areas of major livelihood threats including health, accident, natural calamities, theft etc.

Deposit insurance hike: RBI says not to hit banks balance-sheets

The budget allowed the Deposit Insurance and Credit Guarantee Corporation to raise deposit insurance coverage to Rs 5...

7 Feb 2020 11:11 AM IST

As the downward spiral of the rupee continues, its effect will be felt in the government not being able to hold the fiscal deficit, inflation in oil and other imports, the fall of investments made in the stock market and the increased cost to companies in repaying foreign loans.

Rupee slips 9 paise against US dollar in early trade

The rupee opened weak at 71.26 at the interbank forex market and then fell further to 71.27.

7 Feb 2020 10:20 AM IST

The benchmark Sensex pared some gains and were trading higher by 0.69 per cent or 233.02 points at 34,080.25 at 0955 hrs. (Photo: File)

Sensex, Nifty drop in early deals in line with Asian market

The 30-share BSE Sensex was trading lower by 56.87 points or 0.14 per cent at 41,249.16

7 Feb 2020 10:16 AM IST

Market intelligence, innovation, self-disruption, localisation were the other major trends in Indias food retail sector, according to food retail industry leaders assembled at India Food Forum 2020.

India warming up to snackification, says global study

The Indian food consumption market including food retail and foodservice sectors is valued at $900 billion.

7 Feb 2020 2:11 AM IST

Life Insurance companies are expected to report strong first quarter earnings, as the individual new business premium (NBP) growth for them has been over 30 per cent.

Budget proposals to impact growth of life insurers

The net impact of the change will range from 50 basis to 200 basis points on the margins and upto 5 per cent on the...

7 Feb 2020 2:09 AM IST

Bollywood actor Shah Rukh Khan poses infront of the all new Creta SUV

Car cos put on a brave face

The motor show is now open for general public till February 12.

7 Feb 2020 2:07 AM IST

The loading/reloading of such PPI can be done only from a bank account and it can be used only for making digital payments such as bill payments, merchant payments, etc.

Digital Payments Index soon

The index will be made available from July 2020.

7 Feb 2020 2:04 AM IST

Investors added risk in November as their portfolios are no longer explicitly geared to assets that outperform in a low growth & low inflation backdrop, the survey said.

Financial sector stocks rally

The PSBs also gained with Nifty PSU Bank Index closing up by 2.83 per cent.

7 Feb 2020 2:02 AM IST

As per section 4 (2) b of the RERA Act, it is mandatory for the realtor to disclose litigations connected to the project, which is registered with the MahaRERA.(Representational image)

Realtors happy with relief, but wanted rate cut

However, the sector has been looking forward for rate reduction and better transmission of rates to push demand at the...

7 Feb 2020 2:00 AM IST

Reserve Bank of India (RBI)

Policy measures to drive credit growth

The special dispensation will be for all bank credit to these sectors for a period of six months between January 31 and...

7 Feb 2020 1:58 AM IST

RBI Governor Shaktikanta Das.

RBI keeps rates intact, clears way for cheaper loans

The central bank also announced a one-time permission to extend restructuring of MSME loans.

7 Feb 2020 1:20 AM IST