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Bank of Baroda on Tuesday said its loan account to debt-laden Infrastructure Leasing and Financing Services (IL&FS) continues to remain standard at present.

IL&FS loan account remains standard, says Bank of Baroda

The state-run lender said it continues to lend to non-banking financial companies and housing finance companies.

9 Oct 2018 7:00 PM IST

The rupee pared initial gains to fall 7 paise to 71.82 against the US currency in late morning deals on Thursday on bouts of dollar demand from banks and importers. (Photo: DC)

Rupee slumps 33 paise to close at record low of 74.39 against US...

The domestic currency failed to sustain the momentum after Brent crude breached the USD 84 per barrel-mark.

9 Oct 2018 5:43 PM IST

The Board of Vijaya Bank has given its approval to a government proposal of consolidation with Bank of Baroda and Dena Bank as per reports from ANI.

Bank of Baroda, Vijaya Bank, Dena Bank send merger proposal for govt...

The boards of all the three banks have approved the merger proposal and sent the recommendations to the government.

9 Oct 2018 5:27 PM IST

After superseding the IL&FS board, the Centre has once again moved the NCLT seeking relaxation in certain rules for faster resolution of crisis-ridden infra lender.

Govt shifts to top gear for resolving IL&FS crisis

Chiefs of SBI, LIC meet FM to discuss matters relating to infra lender.

9 Oct 2018 5:08 PM IST

Visiting Venezuelan Foreign Minister Jorge Arreaza said in New Delhi on Monday that Venezuela wants trade with India in oil and other commodities such as food and medicines to be conducted in Indian Rupees and not in US Dollars. (Representational image)

Rupee slumps 30 paise to close at record low of 74.06 against US...

The rupee had opened lower by 14 paisa against Friday's close of 73.76 in early trade as the US dollar.

8 Oct 2018 6:20 PM IST

Shares of Federal Bank on Tuesday surged over 19 per cent after the company registered a 25 per cent increase in its net profit for first quarter of the current fiscal.

Federal Bank gets RBI nod to sell 45 pc stake in NBFC arm to True...

The lender said that Reserve Bank earlier last week gave approval for the proposed transactions.

8 Oct 2018 4:36 PM IST

Reserve Bank of India (RBI) on Thursday directed all payment system operators in India to store data within the country.

Non-banking financial companies slip as RBI plans to strengthen norms

Dewan Housing Finance Corporation Ltd's stock fell as much as 12.3 per cent.

8 Oct 2018 2:41 PM IST

The Reserve Bank last month put IDBI Bank under watch by initiating Prompt Corrective Action against it.

IDBI officers allege LIC deal violates status quo assurance

IDBI Bank on October 4 allotted about 33.99 crore equity shares to LIC at a price of Rs 61.73 per share.

8 Oct 2018 11:38 AM IST

Leading credit rating agencies are likely to face regulatory action over the IL&FC fiasco.

Sebi show-cause notice likely to credit rating agencies in IL&FS...

Experts say they should adopt a holistic approach in credit rating.

8 Oct 2018 11:03 AM IST

Visiting Venezuelan Foreign Minister Jorge Arreaza said in New Delhi on Monday that Venezuela wants trade with India in oil and other commodities such as food and medicines to be conducted in Indian Rupees and not in US Dollars. (Representational image)

Rupee falls 14 paise against US dollar in opening trade

The dollar strengthened after China's central bank eased its domestic policy to support the economy.

8 Oct 2018 10:30 AM IST

The newly constituted board of the beleaguered IL&FS under the chairmanship of Uday Kotak may meet this week again to chalk out the future course of action to resolve the current financial crisis, according to a source.

IL&FS board likely to meet again this week

It will consume time to explore the exact reasons behind the present mess.

7 Oct 2018 2:13 PM IST

Punjab National Bank (PNB)will take care of problems emanating from Rs 13,000-crore fraud perpetrated by billionaire jeweller Nirav Modi on its own and will not seek any governments assistance, its managing director Sunil Mehta said.

Amalgamation not on cards; focus on internal consolidation: PNB MD

Post-merger, the asset size of the new entity would be over Rs 14.5 lakh crore.

7 Oct 2018 12:09 PM IST