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Fund infusion into PSBs not sufficient to support lending growth: Fitch

Fitch estimates that banks will need an additional USD 23 billion (around Rs 1.6 lakh crore) in 2019.

27 Feb 2019 1:03 PM

Microfinance industry posts 43 per centh growth in Q3 FY'19

Microfinance Institutions Network (MFIN) is an RBI recognised self-regulatory organisation and industry association.

25 Feb 2019 5:32 PM

MFIs loan book clips past 43 per cent to Rs 1.66 tln in Q3

Total numbers of microfinance accounts were at 8.91 crore as of December 2018.

25 Feb 2019 4:57 PM

Finmin expects 3-4 more banks to come out of RBI's PCA framework this year

Bad loans of public sector banks declining by over Rs 23,860 crore in the first half of the current fiscal.

24 Feb 2019 3:16 PM

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


EPFO finalises 8.65 per cent interest for 2018-19: Gangwar

The interest rate is credited into the subscribers account after the Finance Ministry's approval.

21 Feb 2019 5:05 PM

Finmin expects NPA recovery of Rs 1.80 lakh crore in FY19

So far, banks have recovered Rs 1 lakh crore under the Insolvency and Bankruptcy Code (IBC).

21 Feb 2019 10:01 AM

Govt announces Rs 48,239 cr recapitalisation plan for 12 PSBs

The government will pump in Rs 12,535 crore in four other banks under PCA.

20 Feb 2019 5:38 PM

Govt may launch exchange traded fund of PSU bank stocks next fiscal

The government has raised Rs 32,900 crore through Bharat-22 ETF since 2017, and Rs 28,500 crore from CPSE ETF since 2014.

19 Feb 2019 5:07 PM

Par panel for setting up enquiry commission into IL&FS crisis

Debt crisis in infrastructure lender IL&FS came to light following a series of defaults by its group companies beginning September 2018.

14 Feb 2019 1:56 PM


Finmin spent Rs 1,157 cr extra in 2017-18 without obtaining prior approval: CAG

The Department of Economic Affairs under finance ministry failed to obtain legislative approval for augmenting provision.

12 Feb 2019 2:53 PM

Dilli Ka Babu: A new Niti Aayog?

The think tank does not have powers to allocate funds and can only make recommendations to the government.

10 Feb 2019 1:20 AM

Delighted to be back home: Arun Jaitley returns to India after treatment

Jaitley, who is currently minister without portfolio, underwent renal transplant last year at the AIIMS here.

09 Feb 2019 4:36 PM

Can't disclose black money reports as Par Panel examining them: Finance Ministry

Nearly USD 165 bn in illicit money exited the country during the same period, the latest report by the global financial watchdog.

04 Feb 2019 1:40 PM

Budget 2019: MEA gets an allocation of Rs 16,061 crores

The total aid to countries stands at Rs 6,447 crores - up from last year's budget of Rs 5,545 crores.

01 Feb 2019 4:44 PM


Govt may hold back Q4 fertiliser subsidy to meet fiscal deficit goal

The subsidy payment through special banking arrangement attracts interest liability for the government.

31 Jan 2019 10:10 AM

Budget to be ‘interim’ one, says Finance Ministry

The last Budget of this government is likely to be presented in the Lok Sabha by interim finance minister Piyush Goyal.

31 Jan 2019 6:03 AM

Goyal to present interim Budget 2019-20 on Feb 1

The last Budget of the present NDA government is likely to be presented by interim Finance Minister Piyush Goyal in the Lok Sabha.

30 Jan 2019 5:35 PM

Arun Jaitley in good health, recovering rapidly: Piyush Goyal

Jaitley, who ran the finance ministry, would not be presenting the interim budget on February 1.

25 Jan 2019 12:56 PM

Piyush Goyal gets additional charge of Finance Ministry, may present Budget

The ruling BJP has recently appointed Jaitley as in-charge of publicity for the upcoming Lok Sabha elections.

24 Jan 2019 10:51 AM