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Fitch estimates that the banking sector will require around USD 90 billion in new total capital by 2018-19 fiscal to meet Basel-III standards and ongoing business needs.

Indian Banks need $65 Billion to meet Basel-III

The NPL resolution process being led by RBI could potentially release capital if recovery rates are high.

13 Sept 2017 4:15 AM IST

Consumer inflation in August jumped to 3.36 per cent.

Inflation at a 5-month high, rate cut unlikely

Growth in IIP, but only 1.2 per cent.

13 Sept 2017 1:22 AM IST

Government is planning to phase out LPG susbidy by March 2018. (Photo: PTI)

India's August fuel demand declines 6.1 per cent, most in 14 years

LPG sales rose 11.8 per cent to 2.06 mt while kerosene usage declined by more than 41 per cent to 2,92,000 tonnes.

12 Sept 2017 7:58 PM IST

Foreign portfolio investors (FPI) have pulled out more than Rs 7,300 crore from the equity markets in August.

Foreign investors get to up stake in Capital First to 50 per cent

Company has passed a resolution that has mandated the hike in limit of investment from FIIs and FPIs.

12 Sept 2017 7:27 PM IST

A total of eight out of 23 industry groups in the manufacturing sector grew in July 2017 compared to the corresponding month last year.

Manufacturing drags down IIP growth to 1.2 per cent in July

During April-July, IIP grew by 1.7 per cent, down from 6.5 per cent in the same period last year.

12 Sept 2017 6:48 PM IST

Unusual cash deposits totalling Rs 1.6-1.7 trillion were made during the demonetisation period, says an RBI research paper. Photo: PTI

70 per cent people want scrapped Rs 1000 note back, claims survey

Over 86 per cent of the total Rs 16.24 trillion value of banknotes in circulation as of March 2016.

12 Sept 2017 6:27 PM IST

Industrial output or IIP rose 1.2 per cent in July. Photo: PTI

India's industrial output recovers 1.2 per cent in July

IIP or industrial output had contracted by 0.2 percent year-on-year in June.

12 Sept 2017 6:05 PM IST

Morgan Stanley expects CPI and WPI inflation to rise further in coming months. Photo: PTI

Food prices drive up retail inflation to 3.36 per cent in August

Consumer inflation for the month of July stood at 2.36 per cent.

12 Sept 2017 5:56 PM IST

Scheme will provide an assured pension based on a guaranteed rate of return of 8 per cent per annum for ten years.

Centre hikes DA to 5 per cent for 1.1 crore employees, pensioners

This move will benefit about 49.26 lakh central government employees and 61.17 lakh pensioners.

12 Sept 2017 5:45 PM IST

Indian Prime Minister Narendra Modi attends the Dialogue of Emerging Market and Developing Countries on the sideline of the BRICS Summit in Xiamen, China, on Sept 5, 2017. (Photo: AP)

Dearness allowance hiked to 5 per cent from 4 per cent

Cabinet also approves introduction of Payment of Gratuity (Amendment) Bill, 2017 in Parliamnet.

12 Sept 2017 5:37 PM IST

Former RBI governor Raghuram Rajan.

PSU bank mergers should be done after balance sheet clean up: Raghuram...

Rajan also suggested that decisions need to be made by those who understand the banking system.

12 Sept 2017 4:52 PM IST

Deputy Governor S S Mundra

Hopes of money not returning post demonetisation unmet: S S Mundra

RBI had said on August 30 that as much as 99 per cent of the junked Rs 500 and Rs 1,000 notes have returned to the...

12 Sept 2017 4:20 PM IST