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The police arrested chief executive and an executive director of state-run Bank of Maharashtra on Wednesday, accusing them of misusing their authority in making loans to a property developer.

Bank of Maharashtra to link retail loans with repo rate

The bank has already linked the housing loan interest rate with repo rate.

26 Aug 2019 11:11 AM IST

HDFC Bank is Indias second largest private sector bank. (Photo: YouTube)

HDFC bank says no risks to consumption story yet

Consumption story is still on said Parag Rao, the HDFC bank's country head for payment products.

25 Aug 2019 4:35 PM IST

Over 10 lakh offline merchants across India accept Paytm for payment including taxis, autos, petrol pumps, grocery shops, restaurants, coffee shops, multiplexes, and parking.

Paytm Money expects its market share in direct MF to increase to 50 pc...

Currently, its market share in direct mutual fund subscriptions stands at around 40 per cent of total such...

25 Aug 2019 2:49 PM IST

Govt to look at proposal to relax local sourcing norms for FDI in...

FM Nirmala Sitharaman in her Budget speech had said that local sourcing norms will be eased for FDI in single brand...

25 Aug 2019 12:32 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.

Seven of top-10 firms lose Rs 86,880 cr in m-cap; ITC takes biggest...

The m-cap of ITC dropped by Rs 20,748.4 crore to stand at Rs 2,89,740.59 crore.

25 Aug 2019 11:05 AM IST

Zomato is encouraging its customers to change their account password, if used for any other services, to avoid risks.

Food feud: NRAI slams Zomato for logging out of talks

Zomato has decided to cut all ties by saying that it is logging out of the restaurants' #logout campaign.

24 Aug 2019 11:18 AM IST

Representational image of an Indigo aircraft.

IndiGo board has approved new policy on related-party transactions:...

Gangwal said the board has now approved a new related-party transaction policy and to also close an open issue.

24 Aug 2019 11:11 AM IST

Likee mobile app completes its two-year journey in India market.

Likee creates Guinness World Record for its Independence Day campaign

, Indians created more than 2.5 lakh videos which garnered more than 225.3 million views.

24 Aug 2019 10:31 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

The SBI has announced the launch of its UK subsidiary, SBI (UK) Limited, with an initial capital commitment of 225 million pounds from its parent entity.

SBI cuts interest rates on fixed deposits up to 0.5 per cent

The bank has slashed the interest rate for the fixed deposits with maturity of 7-45 days to 4.5 per cent from existing 5...

23 Aug 2019 3:08 PM IST