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Using earned money of depositors to bail out a bank amounts to gross interference by the government.

Co-op depositors can now claim up to Rs 5 Lakh from bank

Depositors will now need to contact the bank and submit a declaration of willingness to claim the amount

23 Sept 2021 7:54 AM IST

From the top-10 list, only Reliance Industries Limited, Hindustan Unilever Limited (HUL) and HDFC ended the week with gains. (PTI Photo)

Realtors hopeful as HDFC too offers loans at 6.7 per cent

Last week, SBI offered a similar credit score linked home loan rate of 6.70 per cent

22 Sept 2021 7:21 AM IST

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

Rupee falls 26 paise against dollar

Monday's close was 26 paise down compared to the rupee's previous session on Friday

21 Sept 2021 7:19 AM IST

Speaking at a CII event, Michael Patra, deputy governor at RBI, said core inflation remains sticky even though the headline numbers have moderated since May. (Twitter)

Inflation to stabilise only by FY24: Patra

Retail inflation moderated to 5.3 per cent in August but remained above the medium-term target of the RBI

17 Sept 2021 2:39 AM IST

With the onset of the festive season, SBI has also waived processing fees on home loans and occupation-linked interest premium. Representational Image. (PTI)

SBI cuts home loan rate to 6.7%, BoB to 6.75%

A Cibil credit score of more than 800 will make a borrower eligible for a home loan rate of 6.7 per cent

17 Sept 2021 2:18 AM IST

VILs debt from banks and financial institutions stood at Rs 23,400 crore. (Photo: PTI)

Telecom relief eases default risk for banks

However, bankers said they are awaiting the plan of action from the telecom companies to assess the situation

16 Sept 2021 7:24 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)

Eight firms selected for cross-border payments

RBI said Book My Forex product facilitates fully online outward cross-border remittances to bank accounts and...

14 Sept 2021 9:00 AM IST

Buying Covid insurance cover is an ideal way to ensure that your loved ones are being taken care of even in your absence.

Covid-specific insurance plans can be sold till March 31

Corona Kavach is an indemnity plan that will cover hospitalisation expenses

14 Sept 2021 8:57 AM IST

Supreme Court made clear to the Centre on Friday that it would not pass any order on the plea seeking closure of cases against two Italian marines. (PTI Photo)

Debt resolution plan can't be withdrawn: SC

The court held that the 330 days outer limit of the CIRP under Section 12(3) of the IBC can be extended only in...

14 Sept 2021 8:55 AM IST

The acquisition at 2.5 times the embedded value (of Exide Life) is still 30-35 per cent cheaper than what other listed life insurers are trading at, Padalkar said. Representational image/Twitter

HDFC Life to take over Exide LIfe for Rs 6.7K cr

Once the share issue happens, Exide Industries will be on-boarded as shareholder in HDFC Life and will have 4.1% stake...

4 Sept 2021 7:56 AM IST

Tax authorities raids Chinese entities for money laundering. (PTI Photo)

Rupee to strengthen as Fed hints at tapering

The rupee on Friday strengthened 53 paise against the US dollar to close at 73.69

28 Aug 2021 3:02 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 panel suggests 4-tier structure for urban co-op banks

The committee has also suggested setting up an umbrella organisation with a minimum capital of Rs 300 crore to oversee...

24 Aug 2021 9:17 AM IST