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$With multiple agencies probing the alleged Rs 13,000-crore fraud at state-run Punjab National Bank, the Reserve Bank of India (RBI) says it has conducted its scrutiny and the matter is currently under examination for \enforcement action\.$ Business

Banking stocks fall after RBI pause

The bond market reacted as the 10-year government bond yield spiked to 6.82 per cent levels, meaning mark-to-market...

6 Dec 2019 2:25 AM IST

The Union government, or for that matter, the ministry of finance should not interfere in the functioning and decision-making powers of the RBI. (Photo: AFP)

Business

P2P lending limit raised to Rs 50 lakh

The move aims at not only helping investors to diversify risk but also borrowers to get larger sums of loans.

6 Dec 2019 2:23 AM IST

The loading/reloading of such PPI can be done only from a bank account and it can be used only for making digital payments such as bill payments, merchant payments, etc.

Business

New pre-paid card/wallet with Rs 10,000 load soon

Such PPIs can be issued on the basis of essential minimum details sourced from the customer.

6 Dec 2019 2:21 AM IST

Union Economic Affairs Secretary Shaktikanta Das (Photo: PTI)

Business

No way privately-issued digital currencies can be allowed: RBI Gov Das

The comments come a year after government tagged Bitcoins and other cryptocurrencies illegal and the RBI banned their...

5 Dec 2019 5:48 PM IST

The truth, on the other hand, is that public confidence in the judiciary will be shaken if, faced with a prima facie case of his bias, the judge insists on deciding the case.

Business

New personal data law has stiff fines

Companies liable to pay Rs 15 cr for major violations, Cabinet gives nod.

5 Dec 2019 7:09 AM IST

Business

Infra stocks under pressure as Maha reviews key projects

Uddhav Thackeray said his government will not put on hold or stop any infrastructure project started by the earlier...

5 Dec 2019 1:47 AM IST

The share price of SBI slumped 3.79 per cent to close at Rs 304.45 as the quarterly numbers were below what the market participants had anticipated.

Business

SBI to sell up to 8.25 per cent in UTI AMC

T Rowe Price Group through its wholly owned subsidiary T Rowe Price Internation-al has acquired a 26 per cent stake in...

5 Dec 2019 1:44 AM IST

Mumbai has hopped on the craft beer bandwagon, and we think a pitcher is worth a thousand words.

Business

United Breweries steps into craft beer market

Over the last five years, the number of microbreweries in India has jumped from 20 in 2013 to 120 now.

5 Dec 2019 1:33 AM IST

$Sebi Chairman Ajay Tyagi said compliance to the corporate governance should be on a principled basis and not merely from a \tick-mark\ perspective where a company only looks at mandated requirements.$ Business