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The bank will also not be able to grant or renew any loans and advances, make any investment or incur any liability now.

RBI puts restrictions on PMC Bank for 6 months

Under-reporting of bad loans could be one reason behind RBI placing restrictions.

25 Sept 2019 1:35 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.

Insurance policies become flexible

Premium table can be extended, list of day care procedures can be expanded and critical Illnesses covered can be added.

25 Sept 2019 1:32 AM IST

Exports during April 2019 have crossed Rs 4,400 crore which is a very encouraging sign, Shaktivel told reporters in Tirupur on Wednesday night. (Representational Image)

Apparel exports to US, EU slowing

Exports to European markets and the UK have declined by 2-3% YoY during the first four months of the fiscal.

25 Sept 2019 1:22 AM IST

Traders body CAIT demanded scrutiny of the proposed $12-billion Flipkart-Walmart deal.

Amazon, Flipkart create over 1.4 lakh temporary jobs ahead of festive...

Flipkart has added over 50,000 direct jobs across its supply chain, logistics arm and customer support.

24 Sept 2019 3:58 PM IST

Around 2000 employees will lose jobs as TCS is shutting down its office in Lucknow.

Infosys, TCS, HDFC among 17 Indian firms in Forbes best 'regarded' cos...

IT major Infosys has been ranked third in the list of World's Best Regarded Companies, along with global payments...

24 Sept 2019 3:37 PM IST

Shaktikanta Das

Corp tax cut makes India attractive destination for investment: Das

Base corporate tax for existing companies has been reduced to 22 per cent from the current 30 per cent.

24 Sept 2019 2:40 PM IST

The prices of onion stayed high for nearly three months and had soared to Rs 40 per kg.

Onion prices to calm down in next few days: Tomar

The centre has a buffer stock of 56,000 tonnes of onion, of which 16,000 tonnes has been offloaded so far.

24 Sept 2019 2:35 PM IST

InVIT will acquire 100 per cent equity interest in Pipeline Infrastructure Pvt Ltd, owner and operators of the pipeline that transports Reliance Industries Ltds eastern offshore KG-D6 gas to customers, according to a statement issued by RIL.

RIL's tax liability to fall by 4 percentage points: Morgan Stanley

RIL has highlighted its plans to lower debt by 2021 as it divests assets and slows its investments.

24 Sept 2019 1:49 PM IST

Infosys has said that its Rs 13,000-crore buyback offer will open on November 30 and end on December 14. (Photo: AFP)

Sebi bets big on technology; shortlists Infosys, Wipro, others for...

The selected company will be responsible for designing, implementing and supporting a big data solution with analytical...

24 Sept 2019 1:42 PM IST

Reserve Bank of India (RBI)

RBI imposes restrictions on PMC Bank; withdrawal restricted to Rs...

No reasons were specified by the central bank for its restrictions on PMC Bank.

24 Sept 2019 1:28 PM IST

The share price of SBI slumped 3.79 per cent to close at Rs 304.45 as the quarterly numbers were below what the market participants had anticipated.

SBI daily ATM cash withdrawal limit for different debit cards

SBI customers can withdraw cash from ATMs for 8-10 times without any charges.

24 Sept 2019 1:04 PM IST

Lavasas wife has been issued a notice by the department to explain certain details in her I-T Returns (ITR).

Income Tax notice to Election Commissioner Ashok Lavasa's wife

She has been issued notice to explain certain details in her ITR with regard to holding directorship in about 10...

24 Sept 2019 10:57 AM IST