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The industrial sector contributed over 15 per cent to the NPAs followed by agriculture and services in the region of six per cent and retail loans which were the lowest at 2.3 per cent.

Cheaper retail loans to drive consumption

Housing, vehicle and high-value consumption goods are expected to receive a fillip from the announcements.

24 Aug 2019 1:43 AM IST

Banks received 3 trillion rupees ($44.4 billion) of 500- and 1,000-rupee notes over the last four days.

Banks to get Rs 70,000 crore more, system to bulge by Rs 5 lakh crore

The move is expected to generate an additional lending and liquidity in the financial system to the tune of Rs 5 lakh...

24 Aug 2019 1:42 AM IST

Defence Minister Nirmala Sitharaman will also have one-on-one meetings with Governor N N Vohra and Chief Minister Mehbooba Mufti. (Photo: PTI)

Auto gear shift

Siam also welcomed the assurance that a vehicle scrappage policy will be announced soon.

24 Aug 2019 1:42 AM IST

The Committee also recommended doubling the limit for collateral-free lending to Rs 20 lakh for lending to MSMEs and self-help groups.

MSMEs to get pending GST refunds within 30 days: FM

In future, all GST refunds of MSMEs will be paid within 60 days from the date of application, said FM Nirmala...

23 Aug 2019 8:28 PM IST

For the ninth month in a row, the bloodbath in the automobile market continues, with sales of all vehicle segments staying in the red in July.

Govt unveils measures to support auto sector, boost demand

BS-IV vehicles purchased up to March 2020 will remain operational for entire period of registration, FM Nirmala...

23 Aug 2019 8:17 PM IST

The agenda going forward is clear: The banks have to regain the confidence of investors so that they can raise funds from the capital markets and not be dependent on government. (Representational image)

Govt to upfront infuse Rs 70,000-cr capital into public sector banks

The move is expected to generate an additional lending and liquidity in the financial system of upto Rs 5 lakh crore,...

23 Aug 2019 8:09 PM IST

Industry chambers CII and Assocham on Sunday asked the government that the PNB fraud should not hinder bank loans to businesses which were showing signs of revival after being hit by demonetisation and GST.

Home, vehicle, other retail loans to become cheaper: FM

Working capital loans for industry will also become cheaper, FM Nirmala Sitharaman said.

23 Aug 2019 7:29 PM IST

Sitharaman passed the onus of the slowing economy on US-China trade war and currency devaluation. (Photo: ANI)

Enhanced surcharge on FPIs removed: Sitharaman

Surcharge on long and short term capital gains from transfer of equity shares has been withdrawn, said FM Nirmala...

23 Aug 2019 6:32 PM IST

According to CMIE, the labour force participation rate fell from 46.1 per cent in 2016-17 to 43.5 per cent in 2017-18. CMIEs latest estimates suggest that the number has plummeted to 42.7 per cent in the first quarter of 2018-19.

Code on Wages 2019 becomes a reality; minimum wage for 50 cr workers...

The government has notified the Code after it received assent from the President of India on August 8.

23 Aug 2019 6:20 PM IST

On Tuesday, the Indian rupee closed the session on a flat note at 69.83 a dollar.

Rupee rebounds 15 paise to 71.66 against USD

Rupee stabilised following an announcement that Finance Minister Nirmala Sitharaman will address a press conference in...

23 Aug 2019 6:00 PM IST

Gold was available for $2 premium over and above the landed rate 15 days back. After the steep rise, it is now available for a discount of $14 per ounce, said Suresh Hundia, former President of the Bombay Bullion Association.

Gold rises for fourth consecutive day, touches fresh high of Rs 38,995

Gold prices have been hitting a fresh high every day since Tuesday.

23 Aug 2019 4:09 PM IST

The Nifty claiming 11,l883 and Sensex 39571 marked the day with all the bullishness summoned up from yesterdays gains but selling emerged at higher levels.

Sensex, Nifty rebound on hopes of FPI tax rollback

Sensex closed higher by 228.23 pts or 0.63 per cent at 36,701.16, hours ahead of a presser by Finance Minister Nirmala...

23 Aug 2019 4:00 PM IST