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The Monetary Policy Committee (MPC), headed by RBI Governor Urjit Patel, started its 2-day meeting on Wednesday.

RBI's Monetary Policy Committee begins discussions, decision on key...

RBI on Thursday will make public the resolution of the MPC.

4 April 2018 4:08 PM IST

Public sector banks (PSBs) wrote off Rs 2.41 lakh crore worth of loans between April 2014 and September 2017, the Rajya Sabha was informed on Tuesday.

PSBs wrote off Rs 2.41 lakh crore loans in over 3 years

The Rajya Sabha was informed on Tuesday.

3 April 2018 7:42 PM IST

Private lender IndusInd Bank on Tuesday announced a pilot program with WhatsApp enterprise solution in India to communicate with its customers.

IndusInd Bank to pilot WhatsApp enterprise solution

The integration with WhatsApp will allow IndusInd Bank to start appearing as a verified account when it communicates...

3 April 2018 6:38 PM IST

India has the potential to innovate on the lines of Silicon Valley but it needs to do more for expanding the innovation ecosystem as it aspires to become a middle income country, World Bank India head Junaid Kamal Ahmad said today.

India can do a Silicon Valley in 5 years: World Bank

In developing countries, the concept of national innovation system must be expanded.

3 April 2018 3:25 PM IST

Bank stocks on Tuesday gained up to 5 per cent.

Bank stocks climb up to 5 per cent on RBI move

The move is expected to optically cushion profitability in the near term.

3 April 2018 1:51 PM IST

The Reserve Bank of India (RBI) late on Monday dropped Axis Bank from a list of banks it has cleared to import gold and silver in the current financial year that began April 1.

RBI drops Axis Bank from list of bullion importers

It was unclear why Axis, one of India's leading importers of bullion, did not feature in the list.

3 April 2018 12:57 PM IST

October manufacturing PMI data comes in sharp contrast to the robust show by India on World Banks Ease of Doing Business ranking.

Manufacturing sector growth falls to 5 month low in Mar: PMI

IHS Markit marginally downgraded its real GDP forecast to 7.3 per cent for fiscal year 2017-2018.

3 April 2018 12:46 PM IST

Twenty-one banks, majority owned by New Delhi, account for more than two-thirds of the banking assets in Asias third-biggest economy.

Govt pushes state banks to find own funding sources

Including restructured or rolled over loans, all banks in India had a total 9.5 trillion rupees of soured loans.

3 April 2018 12:43 PM IST

When China closed its local cryptocurrency exchanges late last year, an underground ecosystem of bitcoin mules and peer-to-peer platforms sprung up to allow bitcoin trading to thrive, away from regulators watchful eyes.

Cryptocurrency arbitrage boom fizzles in Asia, but profits persist

The boom has eaten away the spreads and shown how fast the galloping cryptocurrency markets can change course.

3 April 2018 12:22 PM IST

The fire broke out at the Samsung Electronics Co Ltd affiliates factory in the northern Chinese city of Tianjin earlier on Wednesday and has been extinguished, a Samsung spokesman said, adding that there were no casualties or significant impact to the plants operations.

Core sectors register 5.3 per cent IIP growth in February 2018

Steel production increased by five per cent in February, 2018 over February last year.

3 April 2018 8:56 AM IST

Economic Affairs Secretary Subhash Chandra Garg. (Photo: PTI)

Fiscal deficit to be lower than revised estimates for 2017-18: Garg

India revised its fiscal deficit target to 3.5 per cent of GDP from an earlier 3.2 per cent of GDP for 2017-18 fiscal...

3 April 2018 8:43 AM IST

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

E-way bill rollout successful; no glitch so far: Govt

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

2 April 2018 6:42 PM IST