Home » Business » Economy

Economy - Page 150

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.

Fitch questions strength of corporate governance at ICICI Bank

Fitch on Monday said it is doubtful about the strength of corporate governance at ICICI Bank.

9 April 2018 5:27 PM IST

The Reserve Bank of India on Monday fixed the reference rate of the rupee at 64.9287 against the US dollar and 79.6870 for the euro.

RBI sets rupee reference rate at 64.9287 against US dollar

The Reserve Bank of India on Monday fixed the reference rate of the rupee at 64.9287 against the US dollar and 79.6870...

9 April 2018 4:30 PM IST

Punjab National Bank (PNB) was hit by countrys biggest ever banking fraud of more than Rs 13,000 crore.

Will be out of Nirav Modi mess in 6 months: PNB MD Sunil Mehta

The bank has launched 'Mission Parivartan' to realign all business processes to meet present day requirements.

8 April 2018 2:43 PM IST

Leading public sector lenders State Bank of India (SBI) and Punjab National Bank (PNB) have put their 15 non-performing assets worth Rs 1,063 crore for sale.

SBI, PNB put 15 NPAs worth Rs 1,063 crore for sale

All the 21 public sector banks had gross bad loans of over Rs 7.33 lakh crore.

8 April 2018 2:11 PM IST

The Mumbai zone of the Central GST Commissionerate has mopped up revenue of Rs 72,509 crore till February this year, tax officials said.

CGST Mumbai zone mops up Rs 72,509-crore revenue till February

The figures for March CGST collection from the zone will be known by April-end, the official said.

8 April 2018 1:39 PM IST

The Reserve Bank is expected to go for a hike in key policy rates by the fourth quarter of this year.

RBI may start off rate hike cycle by Q4 2018: report

The global financial services major, expects the start of a shallow rate hike cycle by the fourth quarter of 2018.

8 April 2018 1:30 PM IST

US President Donald Trump warned that he could slap another USD 100 billion of extra tariffs on Chinas imports.

Donald Trump's USD 100 billion warning to China sends stocks lower

There is no actual trade war but the war of words is being fiercely fought.

8 April 2018 12:56 PM IST

Chicago Federal Reserve Bank President Charles Evans, one of the Feds most dovish policymakers, said Saturday that he is optimistic inflation will reach the Feds 2 per cent goal and that slow, gradual rate increases will be appropriate. (Image: CNBC)

Fed's Charles Evans says he's optimistic on inflation, wants rate...

Gradual rate increases will be appropriate.

8 April 2018 11:37 AM IST

ASSOCHAM, cautioned that extreme care needs to be taken to ensure safety of data trail that the cryptocurrency can leave, as it changes hands through a range of electronic devices and platforms.

Cryptocurrency: ASSOCHAM calls for extreme care

it is quite pragmatic and courageous of the RBI to initiate exploratory steps towards the world of virtual currencies.

8 April 2018 11:18 AM IST

Union finance ministry Arun Jaitley

Properties worth Rs 15,000 crore sold off

Indian banks have written off non-performing loans worth Rs 2.30 lakh crore for the five-year period ended March 2016.

7 April 2018 6:03 AM IST

President Donald Trump

Trump threatens new $100 billion tariffs on China

China says it will fight back at any cost against US.

7 April 2018 5:24 AM IST

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.

India's forex reserves rise to life-time high of USD 424.361 billion

In the previous week, the reserves had increased by USD 1.197 billion to USD 422.532 billion.

6 April 2018 7:22 PM IST