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Secretary of Department of Financial Services Rajiv Kumar. (Photo: Twitter)

Govt cleaning up banking sector, says DFS secretary

Banks have also raised more than Rs 10,000 crore so far and will raise more in the coming months from the market.

11 April 2018 9:13 AM IST

The government last year relaxed FDI norms in over a dozen sectors

Plans of FDI hike in PSBs on hold now

Government considering raising the FDI limit to 49 per cent for some time now.

11 April 2018 9:01 AM IST

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

RBI net buys USD 1.665 billion of US currency in February

RBI's intervention in the foreign exchange market is to curb volatility in the rupee and not to target a price band.

11 April 2018 8:26 AM IST

Under GST, e-way bills are to be necessarily generated by transporters for movement of goods beyond 10 kms which have a value of Rs 50,000 and above.

Intra-state e-way bill from April 15

The five states which would form part of the first phase are Andhra Pradesh, Telangana, Gujarat, Kerala and UP.

11 April 2018 4:36 AM IST

Axis Bank shares rise over 5 per cent

Axis Bank shares rise over 5 per cent

The shares of Axis Bank closed the session at Rs 546, up 28 points or 5.43 per cent on the BSE.

11 April 2018 2:53 AM IST

The Reserve Bank of India on Friday fixed the reference rate of the rupee at 64.9884 against the US dollar.

RBI sets rupee reference rate at 64.9368 against US dollar

The Reserve Bank of India on Tuesday fixed the reference rate of the rupee at 64.9368 against the US dollar and 79.9047...

10 April 2018 5:52 PM IST

Rating agency Icra on Tuesday revised the outlook on NBFCs retail credit growth upwards to about 17-19 per cent for FY18.

NBFCs' retail credit may grow at 17-19 per cent in FY19: Icra

The total managed NBFC-retail credit of NBFCs stood at around Rs 7 trillion as on December 31, 2017.

10 April 2018 5:44 PM IST

The government is considering converting GST Network- which is handling the IT infrastructure of the new indirect tax regime - into a state-owned company, an official source said.

Govt mulling converting GSTN to govt company

Currently, private financial institutions are the majority owners in GSTN with 51 per cent stake.

10 April 2018 5:22 PM IST

The government on Monday said the re-introduction of the e-way bill system for GST has been smooth with no technical glitches.

Intra-state e-way bill rollout in 5 states from April 15

Five states which would form part of the first phase are Andhra Pradesh, Telangana, Gujarat, Kerala and Uttar Pradesh.

10 April 2018 12:13 PM IST

Shikha Sharma cuts short her tenure at Axis Bank

Board accepts her request to curtail her tenure after reports of RBI's displeasure; to quit by December 31.

10 April 2018 1:35 AM IST

US President Donald Trump

Negotiations currently impossible: China

Trump had predicted China lowering its trade barriers on Sunday.

10 April 2018 1:24 AM 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.

Nirav Modi fraud is bank's issue; will not seek govt support: PNB MD

The bank has enough resources and capability to meet the challenges posed by the fraud of this nature, he said.

9 April 2018 7:30 PM IST