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The finance ministry said that the bill is far more depositor-friendly than in many other countries which provide for statutory bail-in without consent of creditors and depositors.

FinMin to launch ETF with bank stocks, fin institutions this fiscal

Govt is looking at diversifying the ETF basket by including stocks public sector banks and financial institutions.

26 May 2019 10:35 AM IST

Jet Airways founder and former chairman Naresh Goyal

Jet Airways founder Naresh Goyal and wife stopped from leaving India:...

Local media said the Goyals had been traveling to Dubai for a connecting flight to London.

26 May 2019 10:23 AM IST

The Nifty Infrastructure Index also gained 2.94 per cent.

Infra stocks gain on big investment hopes

The Bank of America Merrill Lynch Global Research report said lower interest rates will support economic recovery and...

25 May 2019 1:53 AM IST

Ind-Ra estimates that nearly 60 million tonne of the actual production of iron ore from these mines could be disrupted.

Delay in ore mines auction may disrupt steel output in FY20

Interestingly, of the last major auctions of about 88 iron ore deposits, only a handful has started to operate.

25 May 2019 1:51 AM IST

After touching an all-time low of 72.11 a dollar, the rupee finally closed the day at 71.99 a dollar, down 0.32 per cent from its Wednesdays close of 71.76.

Re rises 49p on yuan appreciation, oil fall

The greenback eased against its major counterparts tracking lower US yields and poor Purchasing Managers Index data from...

25 May 2019 1:41 AM IST

Reserve Bank of India (RBI) on Thursday directed all payment system operators in India to store data within the country.

Draft liquidity norms for NBFCs released

NBFCs will have to maintain minimum high quality liquid assets of 100 per cent of total net cash outflows over the...

25 May 2019 1:41 AM IST

The value-eroding negative bond yield environment as well as the spate of political worries has underpinned the flight to gold in the recent past.

Gold climbs Rs 200 on jewellers' buying; silver also firms up

Gold is trading at Rs 32,870 per 10 gram in the national capital on the back of fresh buying from local jewellers.

24 May 2019 3:38 PM IST

The number of debit cards started falling after hitting a high of 998 million in October 2018.

Debit cards down as banks close zero balance accounts

Between October and March, debit cards in circulation declined by 73 million despite banks offering cards to new account...

24 May 2019 2:25 AM IST

Tour operators also offer credit card loans for those who have not saved for a holiday. The money can be repaid post the travel in equated monthly installments and the interest rates are typically 12 to 18 per cent.

Know where to save and spend on a holiday trip

A budget traveller will have to start the planning process a bit earlier than one who is willing to lavish on a relaxed...

24 May 2019 2:03 AM IST

Senior citizens, above 60 years of age, have to submit Form 15H to banks at the beginning of a financial year to ensure that no tax is deducted at source on interest income. (Representational Image)

Senior citizens with taxable income up to Rs 5 lakh can seek TDS...

Earlier, the limit for seeking Tax Deducted at Source (TDS) exemption was Rs 2.5 lakh.

23 May 2019 6:11 PM IST

Chief Economic Adviser Krishnamurthy Subramanian

New govt should ease land acquisition rules: Krishnamurthy Subramanian

The latest pulse check for the economy is due on May 31, when the government will release gross domestic product data...

23 May 2019 3:38 AM IST

Drop in deal activity caused fall in mergers.

Elections hit M&A transactions

The April deals brought down the year-to-date (YTD) deal value by 65 per cent and volumes by 7 per cent.

23 May 2019 2:57 AM IST