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Banks will have to make changes in the existing infrastructure which would be a huge challenge for the banks.(Representational Image)

Fitch has negative outlook on banks, raises capital concerns

Banks will need USD 65 billion in additional capital to meet Basel III requirements by March 2019.

14 Sept 2017 6:04 PM IST

GDP stands for Gross Domestic Product.

GDP to remain below 6 per cent in Q2 FY'18: SBI report

The GDP stood at a three year low at 5.7 per cent for April-June quarter of 2017-18.

14 Sept 2017 5:16 PM IST

The income tax department and the ministry of corporate affairs (MCA) have signed a pact to regularly share data, including PAN and audit reports of firms. (Representational Image)

Govt against shell companies: CBDT, MCA to share info on audit, PAN...

The pact aims at curbing the menace of money laundering, black money and misuse of corporate structure by shell...

14 Sept 2017 5:14 PM IST

There are allegation that from November 15 to November 18, the bank manager had issued 149 demand drafts for amounts less than Rs 50,000 in favour of a Pune-based finance company in violation of RBI guidelines.

Rise in inflation likely to keep RBI on hold: Morgan Stanley

Reserve Bank is likely to hold the key rate in the monetary policy review next month.

14 Sept 2017 3:17 PM IST

The survey said the problem has continued to fester as Non-Performing Assets (NPAs) of the banking system (especially public sector banks) keep increasing, while credit and investment keep falling.

NPAs to touch 10.5 per cent by March as banks recognise entire stress

The 9.5 per cent NPA figure for March 2017 includes only two-thirds of the overall stressed assets.

14 Sept 2017 3:11 PM IST

Wholesale Price Index or wholesale inflation is also down in June.

Wholesale inflation jumps to 3.24 per cent in August

Wholesale price index-based inflation (WPI) in July stood at 1.88 per cent.

14 Sept 2017 12:34 PM IST

Both India and Japan stand to gain equally from the bullet train project. Photo: AP

Why Modi, Abe's bullet train project is a win-win for both India and...

Japanese Prime Minister Shinzo loaned India nearly Rs 88,000 crore for the 508-km bullet train project.

14 Sept 2017 11:53 AM IST

Finance Ministry

FinMin releases timeline for India's first post-GST budget proposals

The pre-budget meetings of ministries and departments will start from October 9.

14 Sept 2017 10:01 AM IST

The Minister of Law and Justice, Ravi Shankar Prasad, said the government has been of view that Right to Privacy should be fundamental right. (Photo: PTI)

Financial, digital inclusion go hand in hand: Law and IT Minister...

The minister also said questions around privacy are being raised with increase in digitisation.

14 Sept 2017 9:49 AM IST

According to some media reports, there has been a growing number of investors in such currencies over the last few years.

Non-fiat' cryptocurrencies bother Reserve Bank

The RBI has been repeatedly cautioning everyone about the usage of cryptocurrencies.

14 Sept 2017 3:10 AM IST

Digital payments by mobile wallets bring in convenience with a few clicks, tendering exact change, and so on.

Aadhaar based transaction to digitise 98 cr MFI payments

Digitisation will help MFIs to cut operational cost, transit risk as well as connect rural mass to digital banking.

13 Sept 2017 6:27 PM IST

Former coal secretary HC Gupta was on Monday awarded two-year-imprisonment by a special court in Delhi in a coal scam case. (File photo)

Coal stocks dip on restrained output, higher power generation: Govt

Coal Secretary Susheel Kumar took the stock of coal supplies to TPPs across the country.

13 Sept 2017 5:49 PM IST