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The countrys foreign exchange reserves hit a life-time high of USD 424.361 billion after rising by USD 1.828 billion in the week to March 30, helped by rise in foreign currency assets, the Reserve Bank said on Friday.Business
Rupee recovers from record lows, up 9 paise against US dollar

The rupee is under pressure amid rising crude oil and higher inflation.

20 July 2018 12:16 PM IST

Trade growth looks robust, but higher oil prices are hurting the overall external balance.Business
Higher interest rate in US, trade issues pose capital flight risk for...

Asia-Pacific region's macroeconomic growth momentum remains strong despite further trade tensions between the US and...

20 July 2018 10:47 AM IST

The note has other designs, geometric patterns aligning with the overall colour scheme, both at the obverse and reverse.Business
RBI to issue Rs 100 note in new design

he note has other designs, geometric patterns aligning with the overall colour scheme, both at the obverse and reverse.

20 July 2018 5:25 AM IST

According to HSBC, the public spending component of GVA and the government consumption component of GDP grew at a rapid pace, accounting for roughly one-fifth of overall growth.Business
Indian economy set to grow fastest

On India, it said: "In sum, the GDP growth forecast for FY19 is maintained at 7.3 per cent.

20 July 2018 5:07 AM IST

IT officials raid at Kotak Mahindra Bank at K G Marg in New Delhi. (Photo: PTI)Business
Kotak Mahindra Bank Q1 net profit up 12 per cent to Rs 1,025 crore

The bank's net profit stood at Rs 912.73 crore in the corresponding period of 2017-18.

19 July 2018 2:39 PM IST

The Asian Development Bank lifted its outlook for growth in developing Asia this year thanks to a pick-up in the global export demand but it warned of risks from a potential China-US trade war.Business
ADB maintains 2018, 2019 GDP growth forecasts for developing Asia

Asian Development Outlook kept its 2018 and 2019 economic growth estimates for the region at 6.0 per cent and 5.9 per...

19 July 2018 9:56 AM IST

As per new IMF projections, Indias growth in 2016 is now estimated to be 6.6 per cent as against 7.6 per cent earlier. (Photo: AFP)Business
India's growth remains quite robust into future: IMF

IMF on Monday forecast a growth rate of 7.3 per cent in 2018 and 7.5 per cent in 2019 for India.

18 July 2018 11:02 AM IST

The capital infusion of public sector banks is a \big bang reform\ that will support credit growth and job creation, says SBI research report. (Photo: PTI)Business
Rs 11,336 crore to be infused in 5 PSU banks

Out of Rs 1.35 lakh crore, the govt already infused about Rs 71,000 crore through recap bonds in banks.

18 July 2018 9:05 AM 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.Business
Federal Bank shares soar over 19 pc as Q1 net profit rises

The bank's net profit in the corresponding three months to June in 2017-18 stood at Rs 210.15 crore.

17 July 2018 5:33 PM IST

Finance ministry said that the domestic investment of the private sector continued to be affected by the growing contamination of loans advanced in the past, which have now become unsustainable.Business
Finance ministry likely to infuse about Rs 10,000 cr in PSU banks

The sources said that capital infusion may take place this week itself or latest by next week.

17 July 2018 3:16 PM IST

Global ratings agency Fitch on Monday said it is doubtful about the strength of corporate governance at ICICI Bank, amid allegations of impropriety against its MD and Chief Executive Officer Chanda Kochhar.Business
ICICI Bank postpones its annual general meeting by a month

The meeting has been rescheduled to September 12 as against the earlier schedule of August 10.

17 July 2018 11:26 AM IST

A USD 2 billion fraud at Indias Punjab National Bank (PNB) may have been orchestrated by a few rogue employees, but it escaped detection because of widespread risk-control and monitoring lapses in many areas of the bank, the banks own internal probe has found.Business
PNB's NPA recovery in first quarter tops FY 2018 level

The Insolvency and Bankruptcy Code (IBC) resolution process has greatly helped Punjab National Bank.

15 July 2018 3:48 PM IST

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