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Union finance ministry Arun JaitleyBusiness
Jaitley defends loan write-offs; says they don't lead to waiver

The country's 21 state-owned banks wrote-off Rs 3.16 lakh crore of loans in four years of the BJP govt.

2 Oct 2018 9:16 AM IST

The RBI has asked Axis Banks board to re-consider the decision to re-appoint Shikha Sharma as its MD and CEO for a fourth term.Business
Higher lending rates may spoil your festival plans

RBI might increase the repo rate for the third time this year by 25 basis points in its policy review.

2 Oct 2018 8:25 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)Business
Rupee slumps 26 paise to 72.91 vs USD, ends near 2-week low

Higher US Treasury yields, which rose above the 3 per cent mark, boosted the appeal for the dollar.

1 Oct 2018 7:31 PM IST

The government on Monday said it stands fully committed to ensuring that needed liquidity is arranged for the debt-trapped IL&FS to prevent any more defaults in payment of loans by the non-banking financial company.Business
Govt to ensure liquidity for IL&FS to prevent defaults: Finance...

NCLT allowed the government to take over the board of IL&FS.

1 Oct 2018 6:10 PM IST

Retail inflation for industrial workers rose to 5.61 per cent in August from 2.52 per cent in the year-ago month mainly due to rise in prices of food items and petroleum products.Business
Retail inflation for industrial workers rise to 5.61 pc in August

The indices of 37 centres are above All-India Index and 41 centres' indices are below national average.

1 Oct 2018 5:50 PM IST

Built on the Indian government-supported Unified Payments Interface (UPI), Tez allows users, free of charge, to make small or big payments straight from their bank accounts.Business
406 million UPI transactions worth Rs 59,835 cr clocked in September...

About 312.02 million UPI transactions totalling Rs 54,212.26 crore were clocked in the month of August 2018.

1 Oct 2018 5:18 PM IST

HDFC Bank is Indias second largest private sector bank. (Photo: YouTube)Business
HDFC Bank raises retail lending rate by 10 basis points

Punjab National Bank had increased its benchmark lending rates or MCLR for short-term loans by up to 0.2 per cent.

1 Oct 2018 4:41 PM IST

Midsize private sector lender Yes Bank is aiming to evolve itself into a \technology company in the business of banking\ and has accordingly announced a rejig of its senior management.Business
Fully geared up for succession plan, says Yes Bank

The RBI had last month curtailed the three-year term that Yes Bank's board had sought for its MD and CEO Rana Kapoor.

1 Oct 2018 1:23 PM IST

State Bank of India, SBI, had earlier reduced minimum balance requirement. (Photo: PTI)Business
SBI slashes ATM cash withdrawal limit from Rs 40,000 to Rs 20,000 per...

The new withdrawal limit will be effective from October 31.

1 Oct 2018 12:04 PM IST

The Reserve Bank is expected to go for a hike in key policy rates by the fourth quarter of this year.Business
RBI to inject Rs 36,000 crore into system in October

It will inject Rs 36,000 crore liquidity into the system through purchase of government bonds.

1 Oct 2018 11:33 AM IST

October manufacturing PMI data comes in sharp contrast to the robust show by India on World Banks Ease of Doing Business ranking.Business
Manufacturing sector activity rises in Sep on new orders: PMI

Manufacturing firms boosted their workforce amid gains in new work orders.

1 Oct 2018 11:27 AM IST

Indias GDP growth forecast for the current fiscal to 7 per cent from 7.4 per cent.Business
GDP may moderate to 7.2 per cent in 2nd half of 2018: report

GDP grew at the fastest pace in seven quarters at 7.7 per cent in January-March quarter.

31 July 2018 1:19 PM IST

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