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The credit cost for the banking sector, which was 4.8 per cent in Q4FY18, has reduced to 2.75 per cent to 3 per cent in Q4FY19, going by the bank results declared so far.

11 Indians get notices from Switzerland to share bank info

The two Indians whose names have been mentioned in full are Krishna Bhagwan Ramchand and Kalpesh Harshad Kinariwala.

27 May 2019 11:01 AM IST

The previous high quarterly GDP growth was recorded in July-September period in 2014-15 at 8.4 per cent. (Representational Image)

Indian companies optimistic about their growth prospects: HSBC

Survey showed that businesses in India are very optimistic about their growth prospects, despite subdued macro-economic...

26 Jun 2019 3:05 PM IST

RCom on Thursday had announced the completion of the sale of its media convergence nodes and related infrastructure assets to Jio.

NCLAT dismisses contempt petition against Anil Ambani over RCom...

A bench headed by NCLAT Chairman Justice S J Mukhopadhaya, dismissed any contempt plea against Ambani and his officials.

23 July 2019 3:23 PM IST

HSBC Holdings PLC on Monday said profit rose 5 percent in the first half of 2017.

As Fed rate cut looms, HSBC favours China shares over India

Shanghai shares have gained 17 per cent so far this year. But they slid about 7.6 per cent between early May and early...

11 July 2019 12:30 PM IST

EPFO has already joined the vast network of over 2 lakh common services centres (CSC) of the IT department to widen its reach.

EPFO likely to appoint HSBC AMC, UTI AMC, SBI Mutual Fund as fund...

The appointment of the fund managers for another term of three years has been pending with the EPFO since April last...

15 Aug 2019 4:07 PM IST

HSBC Holdings PLC on Monday said profit rose 5 percent in the first half of 2017.

HSBC says CEO Flint steps down, pre-tax profit up 15.8 per cent

Flint's departure was revealed as HSBC said it was facing an 'increasingly complex and challenging global environment.'

5 Aug 2019 9:49 AM IST

The oil giant said it plans to sell 1.5 per cent of the company, or about 3 billion shares, at an indicative price range of 30 riyals to 32 riyals.

Aramco likely to give IPO roles to Citi, Goldman, HSBC: source

Aramco is preparing to sell up to a 5 per cent stake by 2020-2021.

9 Sept 2019 12:13 PM IST

HSBC resumes cutting around 35,000 jobs. (AFP Photo)

HSBC to cut around 35,000 jobs

The bank will maintain a freeze on almost all external recruitment, CEO Noel Quinn said in the memo sent to bank's...

17 Jun 2020 11:51 AM IST

RCom was expecting a significant debt reduction post completion of merger with Aircel. (Photo: File)

Reliance Infratel withdraws petition for permission of asset sales

The RCom group firm's petition was also backed by public sector lender SBI at NCLAT.

29 May 2018 5:48 PM IST

The RBI has always said monetary policy should be accompanied by fiscal policy if the wheels of the economy are to be greased. (Photo: PTI)

RBI gets tough on MNC banks, asks them to create sub-targets to meet...

All bank loans to MSMEs will now qualify under PSL without any credit cap.

5 March 2018 11:52 AM IST

The United States has been looking since at least 2016 into whether Huawei shipped US-origin products to Iran and other countries in violation of US export and sanctions laws, Reuters reported in April.

US probe of China's Huawei includes bank fraud accusations

The probe included whether Huawei used HSBC to conduct illegal transactions involving Iran.

7 Dec 2018 9:53 AM IST

Of the four nations assessed by HSBC to be most vulnerable, India has said climate change could cut agricultural incomes, particularly unirrigated areas that would be hit hardest by rising temperatures and decline in rainfall. (Photo: AP | Representational)

India most vulnerable to climate change, Pak ranks 2nd: report

The five countries least vulnerable to climate change risk are Finland, Sweden, Norway, Estonia and New Zealand.

19 March 2018 8:58 PM IST