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RBI has also reported that the general public has withdrawn Rs. 1,03,316 crore from their accounts either over the counter or through ATMs during this period.

RBI initiates PCA against BoM as NPA mounts

For the year ended March 2017, the net non-performing assets (NPAs) of the bank rose to 11.76 per cent.

17 Jun 2017 6:51 PM IST

Experts say after China, Korea yarn established in Bhagalpur, around 200,000 loom owners have no business of their own now.

Reduce GST on MMF & yarn from 18 to 12 pc; Textile industry

Even with 12 per cent GST rate on yarns, the additional cost would be Rs 1.3 lakh per loom per year.

17 Jun 2017 5:59 PM IST

Photo caption: Under it, C-GST will be levied by the Centre, S-GST by states and I-GST on inter-state supply of goods and services. (Representational Image)

Defer GST rollout as IT network not ready: Assocham to Jaitley

There are at present about 80 lakh excise, service tax and VAT assessees, of which 64.35 lakh have already migrated to...

17 Jun 2017 5:36 PM IST

NITI Aayog Chief Executive Officer Amitabh Kant

Mobile data consumption up 142 per cent: Kant

India has seen a 17X increase in online banking transactions per internet user and a 200X increase in digital wallet...

17 Jun 2017 4:21 PM IST

A 30-second spot during the final to be broadcast by Rupert Murdochs Star Sports is expected to cost nearly 10 million rupees. (Photo: AFP)

TV ad rates rocket ahead of India, Pakistan final

Companies still wanting to air their ads will be paying a higher rate than those who pre-booked.

17 Jun 2017 2:59 PM IST

Tata Sons N Chandrasekaran

Tata Sons to buy Tata Steel stake in Tata Motors

Tata Sons will buy about 83.6 million shares in Tata Motors at or around prevailing price.

17 Jun 2017 2:56 PM IST

For the week, the Sensex lost 448.86 points, or 1.69 per cent, while the broader NSE Nifty dropped 153.70 points, or 1.88 per cent.

Sensex extends losses for the 2nd straight week

The Nifty 50 index dropped 80.20 points or 0.83 per cent to settle at 9,588.05.

17 Jun 2017 2:32 PM IST

Prime Minister Narendra Modi takes a ride in Kochi Metro.

Here are some key facts about Kochi Metro

Kochi Metro is India's first metro project for a tier II city that will run 14 km in phase I.

17 Jun 2017 12:59 PM 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.

NPA resolution: PMO to review progress on June 19

Banking sector is saddled with NPAs of over Rs 8 lakh crore, of which Rs 6 lakh crore is on the books of PSBs.

17 Jun 2017 12:47 PM IST

'Essar, Bhushan Steel among 12 defaulters on insolvency list'

RBI identified 12 accounts for insolvency proceedings with each of them having over Rs 5,000 cr of outstanding loans..

17 Jun 2017 12:31 PM IST

Indian Oil Corp (IOC) bagged three fields, the same number as new entrant PFH Oil and Gas Pvt Ltd got.

Indian Oil rolls out daily price change at 26K petrol pumps

Petroleum Ministry tweeted: Proud to share India is first country to switch to dynamic fuel pricing.

17 Jun 2017 12:15 PM IST

Finance Minister Arun Jaitley

Jaitley to chair 17th GST Council meeting on Sunday

Council to approve draft GST Rules and related forms for advance ruling, assessment and audit and others.

17 Jun 2017 11:53 AM IST