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Prime Minister Narendra Modi speaks during the G20 Extraordinary Summit on Afghanistan, via video conferencing, in New Delhi. (Photo: PTI)

PM Modi to launch RBI's retail direct scheme

As per the scheme, investors will be able to directly open and maintain their government securities account free of cost

12 Nov 2021 8:07 AM IST

At the interbank foreign exchange, the rupee opened strong at 70.55, registering a rise of 26 paise over its previous close of 70.81. (Photo: DC)

MFIs should balance social goals with growth: RBI Deputy Governor M...

Rao said that self-sufficiency and financial sustainability are the objectives that the lenders need to pursue

28 Oct 2021 8:42 AM IST

Digital payments company Paytm has partnered with Twitter to integrate Twitter Highlights

Swiss Re to buy 23% in Paytm Insuretech

Through an investment in PIT, Swiss Re and Paytm will work towards closing the insurance protection gap in the market

28 Oct 2021 8:07 AM IST

In another promising start to the earnings season, state-owned Bank of Maharashtra (BoM) doubled its net profit at Rs 264 crore in the September quarter against Rs 130 crore in the same quarter last year on a sharp rise in net interest income and recovery from DHFL. DC

IDBI Bank, BoM report rise in interest income

IDBI Bank's net interest income rose 9 per cent at Rs 1,854 crore for Q2 FY22

22 Oct 2021 7:23 AM IST

Now, any Indian citizen, resident or non-resident and OCIs are eligible to join the NPS till the age of 65 years.

Indian pension system ranks amongst worst

With little social security coverage, the workforce in India has to manage pension savings on its own for the most part

20 Oct 2021 9:00 AM IST

Reserve Bank of India on Thursday released a national strategy for financial education to be implemented in the next five years. (PTI Photo)

RBI fines SBI, StanChart for rules violation

On SBI, the central bank said the lender delayed reporting fraud in a customer account to it

19 Oct 2021 7:33 AM IST

An elevated inflation rate is also a cause of concern for the RBI, though it has decided to accord priority to economic growth in the near future. (AA file Photo)

RBI hints at moves to ease capital controls

RBI's Sankar said from a macroprudential perspective, it needs to be considered whether FAR should be linked to index...

15 Oct 2021 7:52 AM IST

Rupee depreciated 31 paise to 76.10 against the US dollar in opening trade. (PTI Photo)

Re, bonds come under pressure

The rupee finally settled at 75.36 a dollar, a level not seen since July 14, 2020

12 Oct 2021 7:15 AM IST

An elevated inflation rate is also a cause of concern for the RBI, though it has decided to accord priority to economic growth in the near future. (AA file Photo)

RBI seen targeting liquidity this time

Economists also expect the MPC to revise its inflation projections downwards

4 Oct 2021 3:53 AM IST

Payment services such as electricity bills, gas, water or any other utility bills, mobile recharge, DTH, OTT, automatic subscriptions for newspapers, magazines, insurance premium, Netflix, Amazon, will mandatorily require additional factor of authentication (AFA) from Friday. (DC File Image)

Automated bill/card payments stop from today

All monthly mutual fund systematic investment plans (SIPs) or EMIs for loans from the savings or current accounts will...

1 Oct 2021 3:10 AM IST

The creditors of DHFL, including fixed deposit (FD) holders, would recover an aggregate amount of Rs 38,000 crore from the resolution process of DHFL. (Twitter)

Piramal completes DHFL buy, pays Rs 34,250 crore

As a part of the process, Piramal Capital and Housing Finance Ltd will merge with DHFL

30 Sept 2021 4:41 AM IST

HDFC Bank on Wednesday said that it has issued a record number of 4 lakh credit cards after the central bank lifted a ban on issuing new cards last month. (DC Image)

HDFC Bank acquires 4 lakh credit card users post lifting of ban

The bank said its new strategy to recapture the lost market share in the credit card market

30 Sept 2021 4:31 AM IST