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The estimate is based on Crisils assessment of embedded value in the top 50 NPAs in the banking system. (Representational image)

Crisil-Sidbi survey claims improvement in MSME sentiment in Q3

Interestingly, the RBI, persuaded by the government, announced a special relief package of loan recast (up to Rs 25...

23 Feb 2019 11:41 AM IST

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

Niti Aayog calls for separate debt management agency

Move to delink debt management from RBI revived.

23 Feb 2019 1:55 AM IST

This year industry has seen a two-fold growth in the number of travellers preferring EMI option.

Travel savings schemes, EMIs see higher off-take

Most of the travel service providers are currently offering travel loans repaid over equated monthly instalments.

23 Feb 2019 1:55 AM IST

(Budha Chandra)

XLRI sees 100 per cent hire at average salary of Rs 22.35L

The highest offer stood at Rs 50 lakh a year from the banking, financial services and insurance (BFSI) sector.

23 Feb 2019 1:53 AM IST

Lending small amounts to buy a smartphone is one of the innovative ways that consumer lending & fintech companies have identified.

Investments in fintech drop 30 per cent in 2018

According to industry experts, one reason for the decline in the investment value last year was the high base of 2017.

23 Feb 2019 1:52 AM IST

In his maiden address last year, President Kovind had laid down markers for a New India, one that would be compassionate towards the disadvantaged and would not discriminate on the basis of gender or religion. (Photo: ANI |Twitter)

Unregulated deposit ordinance creates central repository of registered...

President Ram Nath Kovind Thursday promulgated the Banning of Unregulated Deposit Scheme Ordinance.

22 Feb 2019 6:06 PM IST

Startups have also appealed that the government should also consider eliminating Minimum Alternate Tax for startups, which are DIPP certified.

There lays a voice that still opposes despite the easier norms,...

The only doubt that lies within the stakeholders is why were those startups, which received tax notices were not...

22 Feb 2019 5:56 PM IST

PM Narendra Modi addressing a rally in Bihar on Sunday. PM launched projects worth Rs 33,000 cr in Bihar. (Photo: ANI)

PM to lay foundation stone of India's longest LPG pipeline on Sunday

IOC is laying an LPG pipeline from Gujarat coast to Gorakhpur, in UP to cater to growing demand for cooking gas in the...

22 Feb 2019 5:39 PM IST

The commerce ministry has circulated a draft cabinet note seeking views of different departments on the proposed industrial policy that aims to promote emerging sectors, Union minister Suresh Prabhu said.

Prabhu inaugurates projects worth Rs 1,000 crore

The projects in seven states and two Union Territories were inaugurated through video conferencing here, the commerce...

22 Feb 2019 5:19 PM IST

The finance ministry is considering writing to markets regulator Sebi seeking relaxation for certain state-owned firms from meeting the minimum 25 per cent public shareholding norm.

Edelweiss, Kotak, JM Financials figure in NSEL case

These brokers were allegedly involved in illegal forward contracts at the NSEL in contravention of the Forward Contract...

22 Feb 2019 4:49 PM IST

Commerce & industry minister Suresh Prabhu.

Prabhu lays foundation stone of 7 airport infra projects worth Rs 497...

The airport infrastructure projects inaugurated by Prabhu on Friday were for Trivandrum, Calicut and Mangaluru.

22 Feb 2019 3:56 PM IST

Allaying worries over the rupees slide, Niti Aayog vice-chairman Rajiv Kumar said that the currency was coming back to its natural value after witnessing a 17% appreciation in the last three years.

Niti Aayog bats for setting up independent debt management office

At present, the government debt, including market borrowing, is managed by the Reserve Bank of India.

22 Feb 2019 1:52 PM IST