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The Reserve Bank of India (RBI) late on Monday dropped Axis Bank from a list of banks it has cleared to import gold and silver in the current financial year that began April 1.

Axis Bank posts Rs 112-crore net loss

The bank's operating profit grew 45 per cent YoY to Rs 5,952 crore from Rs 4,094 crore in Q2FY19.

23 Oct 2019 2:45 AM IST

Securitisation of gold loan receivables, personal loan receivables, two-wheeler loan receivables and lease rental receivables are now mainstream.

Securitisation market to cross Rs 2L cr in FY20

A bigger boost, however, is expected from regulatory interventions, say analysts.

22 Oct 2019 1:31 AM IST

ICICI Lombard has approved payment of second interim dividend of Re 0.75 per equity share of face value of Rs 10 each.

Flood & motor claims impact Q2 profit of ICICI Lombard

Crop insurance had constituted 17 per cent of the total business last year.

19 Oct 2019 2:12 AM IST

Reserve Bank of India (RBI)

RBI feels bank rates will drop after benchmarking

All the six members of the MPC had voted in favour of a rate cut.

19 Oct 2019 2:12 AM IST

Following the November 8-9 demonetisation, the government over the weekend asked public sector insurers to provide discounts of up to 10 per cent on the premium amount for general insurance policies and 8 per cent in new life policies of Life Insurance Corporation sold online.

Slowdown makes its way in life insurance space

ICICI Prudential Life Insurance reported APE growth of 5.2 per cent YoY to Rs 700 crore on a received premium basis in...

16 Oct 2019 12:52 AM IST

The Budget has given priority to agriculture, MSME, NBFC, infrastructure and affordable housing. Reviving business confidence, private capex recovery, manufacturing, have got lower attention.

NBFC Q2 preview: Pessimism abound

The RBI and the government have announced several measures to boost liquidity for NBFCs.

8 Oct 2019 1:30 AM IST

Depositors protested at Punjab and Maharashtra Co-operative Bank (PMC Bank) branches

Is your money safe with the bank?

NCDs are a debt instrument with a fixed tenure and people who invest in these receive regular interest at a certain...

7 Oct 2019 4:56 AM IST

Shaktikanta Das

Cut: Repo by 25 bps, GDP by 80 bps

The reverse repo and marginal standing facility rates are now at 4.90 per cent and 5.40 per cent, respectively.

5 Oct 2019 1:48 AM IST

Global rating agency Moodys Investors Service on Tuesday placed Yes Banks foreign currency issuer rating of Ba1 under review for downgrade.

Yes Bank blames forced stake sale for stock crash

The bank has sizable exposure to cash-strapped NBFCs, which has created a fear among investors.

3 Oct 2019 1:23 AM IST

The argument put forward by the leaders of the BJP and others was that India did not depend on exports for its economic growth, and that the huge domestic market and the consumption it entailed was good enough to keep the economy in shape and the global developments were marginal. (Representational image)

Downgrades rise for firms in H1: Raters

Declining profitability and stretch in working capital cycles also were reasons for the downgrades.

2 Oct 2019 1:57 AM IST

Reserve Bank of India (RBI)

RBI to cut rates again on Friday

However, economists differ on the quantum of the rate cut ranging from 15 basis points to 50 basis points.

30 Sept 2019 1:38 AM IST

Asserting that all its loans are fully secured, suspended PMC Bank managing director Joy Thomas stated that one large account - HDIL - was the sole reason for the present crisis that led to the regulatory action on Tuesday. (Photo: PTI)

PMC Bank board sacked, withdrawal limit raised

Cash withdrawal limit raised to Rs 10,000.

27 Sept 2019 1:34 AM IST