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Finance Minister Arun Jaitley with RBI governor Urjit Patel at an event. (Photo: PTI)Business
Banks' recap safeguards India's economic future: Patel

RBI governor adds later a comprehensive policy would be put in place to address challenges faced by banking sector.

25 Oct 2017 2:47 PM IST

Bank customers across the nation have complained that several banks are refusing to accept more than the said amount despite providing detailed explanations. (Photo: PTI/File)Business
Bank recapitalisation critical for economic recovery: BofAML

Govt unveiled a Rs 2.11 lakh crore two-year road map for strengthening NPA-hit public sector banks.

25 Oct 2017 2:47 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
India's bad loans and stressed assets estimated at Rs 10 lakh crore

Govt has pledged Rs 2.11 lakh crore recapitalisation plan for state-owned banks over next two years.

25 Oct 2017 1:50 PM IST

The two unlisted associate banks which will be merged with SBI are State Bank of Patiala (SBP) and State Bank of Hyderabad (SBH).Business
India's PSU bank recap plan lifts shares, raises questions

Investors welcomed the news, sending shares of SBI up as much as 25 per cent to its highest since January 2015.

25 Oct 2017 1:34 PM IST

EPFO is a retirement fund body that has a savings corpus of Rs 6.5 lakh crore. (Photo: Representational/PTI)Business
Govt retains GPF interest rate at 7.8 per cent for Oct-Dec

This would apply on Provident Funds of central government employees, railways and defence forces.

25 Oct 2017 1:01 PM IST

Indian economy, GDP, slipped to a record low rate in August. (Photo: AP)Business
Demonetisation, GST to cool India's GDP growth to a four-year low

Note ban and GST have disrupted business activity and dampened consumer demand, says report.

25 Oct 2017 11:03 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
Capital infusion of PSBs to support credit growth, job creation

According to SBI report Ecowrap, this recapitalisaiton plan will help government to gear-up lending to MUDRA scheme.

25 Oct 2017 10:59 AM IST

Petroleum Minister Dharmenda Pradhan on Wednesday defended the daily price revision mechanism calling it rational and transparent.Business
Building consensus among states over bringing petrol under GST:...

Currently, there is a wide disparity in the price of petroleum products due to different taxes in the states.

25 Oct 2017 9:40 AM IST

Finance Minister Arun JaitleyBusiness
Cabinet approves massive Rs 9 lakh crore boost for economy

PSU banks will get Rs 2.11 lakh crore capital to increase lending; Rs 6.92 lakh crore for 83,677-km new road, highway...

25 Oct 2017 12:36 AM IST

Bank customers across the nation have complained that several banks are refusing to accept more than the said amount despite providing detailed explanations. (Photo: PTI/File)Business
Bank stocks surge up to 7 pc ahead of capital infusion plan

NPAs of banks have increased from Rs 2.75 lakh crore in March 2015 to Rs 7.33 lakh crore as on June 2017.

24 Oct 2017 8:18 PM IST

Economic Affairs Secretary Subhash Garg. (Photo: ANI)Business
GST have been biggest growth contributors: Subhash Garg

Government is unlikely to overshoot its target of 3.2 per cent fiscal deficit at the end of the current fiscal year.

24 Oct 2017 7:53 PM IST

Finance Minister Arun Jaitley said that the government gave opportunity to people to come clean about their accounts held abroad. (Photo: Twitter/ANI)Business
Govt approves Rs 2.11 lakh crore recapitalisation package for PSU...

Fin Min says recapitalisation programme is essential to increase public spending on infrastructure.

24 Oct 2017 6:06 PM IST

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