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The Reserve Bank of India (RBI) has mandated banks not to charge savings account holders for NEFT with effect from January 2020.

No NEFT charges from January

The RBI this year had done away with charges on NEFT and RTGS transactions and asked banks to pass on the benefit to...

9 Nov 2019 3:39 AM IST

Moodys also affirmed Indias local-currency senior unsecured rating and other short-term local-currency rating.

Moody's cuts India credit rating outlook to negative

The fundamentals of the economy remain quite robust with inflation under check and bond yields low.

9 Nov 2019 3:37 AM IST

The Union government, or for that matter, the ministry of finance should not interfere in the functioning and decision-making powers of the RBI. (Photo: AFP)

RBI raises limit for borrowing from microfinance institutions

The limit has been increased from Rs 1.6 lakh for urban or semi-urban areas to Rs 2 lakh, the RBI said in a circular.

8 Nov 2019 8:28 PM IST

And in the period ending June 30 - the first quarter of the current financial year - write-offs amounted to 445.77 billion rupees (USD 6.31 billion), the data showed.

Rupee tumbles 31 paise on India's outlook downgrade

Moody's has changed India's outlook ratings to 'negative' from 'stable.'

8 Nov 2019 7:59 PM IST

Digital payments by mobile wallets bring in convenience with a few clicks, tendering exact change, and so on.

No levying of charges on NEFT payment from January: RBI to banks

RBI has also proposed that FASTags would be enabled to pay for parking fee and even at fuel stations.

8 Nov 2019 5:26 PM 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 tanks 330 points as Moody's cuts India credit outlook

The 30-share Sensex briefly turned positive to hit a fresh intra-day high of 40,749.33

8 Nov 2019 4:02 PM IST

In the international market also, gold prices were trading higher at USD 1,502 an ounce and silver at USD 17.71 per ounce.

Gold down Rs 196 amid weak global trend

In tandem with a weak trend in gold, silver prices also tumbled Rs 956 to Rs 45,498 per kg from Rs 46,454 per kg in the...

8 Nov 2019 3:58 PM IST

And in the period ending June 30 - the first quarter of the current financial year - write-offs amounted to 445.77 billion rupees (USD 6.31 billion), the data showed.

India's bad debt pile eased by write-offs, underlying problem far from...

As of June 30, total stressed assets on the books of Indian banks were at 9768.47 bn rupees down from 10,672.29 bn...

8 Nov 2019 3:50 PM IST

Celebrity stylist and movie producer Rhea Kapoor.

Stage3 brings Rhea Kapoor on-board to drive India's sustainable...

The association is part of a series of campaigns aimed at promoting sustainability through design-led clothing rentals.

8 Nov 2019 3:29 PM IST

During the quarter, the company sold a total of 1,10,824 vehicles as against 1,41,163 units in the corresponding period last fiscal, down 21 per cent.

M&M Q2 profit down 78 per cent at Rs 368 crore

The company had posted a PAT of Rs 1,708.92 crore for the same quarter last fiscal.

8 Nov 2019 3:23 PM IST

A start-up haven with an agenda to nurture entrepreneurship within the country, TiE Global Summit will greatly contribute to TiEs vision of making India an unrivalled start-up hub.

Global success of Indian start-ups to be celebrated at TiE Global...

The 4th edition of the global summit will focus on empowering Indian start-ups to make a mark globally.

8 Nov 2019 3:04 PM IST

Ajay Tyagi who is a 1984 batch IAS officer assumed office of Sebi chair on March 1, 2017. (Photo: PTI).

Ask almighty or Nilekani: Sebi chief on even God can't change numbers...

Investors should draw their own conclusions. Whatever we have to do, we are doing, said Sebi chief Ajay Tyagi.

8 Nov 2019 2:46 PM IST