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Sitharaman, who took over as finance minister in May, is scheduled meet the heads of public sector banks in Delhi on Thursday. (Photo: ANI)

India cannot sacrifice economic strength to comply with US sanctions:...

She said that India wants to comply with global sanctions, including US but also needs to maintain its own strategic...

16 Oct 2019 9:40 AM IST

Sitharaman said there was no disagreement at the meeting, which she described as tonic-like . (Photo: ANI)

After FM's intervention, withdrawal limit for PMC Bank customers...

RBI is monitoring the developments and shall take necessary steps in the interest of the depositors.

14 Oct 2019 8:30 PM IST

Defending the banks in this issue, a senior official, however, claimed that the quick mortality rate on Mudra loans has come down drastically after strict norms issued by the RBI and the ministry of finance.(Representational image)

Over Rs 81,700 cr disbursed by banks during 9-day loan mela: FinMin

FM said that banks have been asked to provide bill discounting facility to the MSME sector against payments due from the...

14 Oct 2019 2:45 PM IST

Finance Minister Nirmala Sitharaman (Photo: File)

J&K smokescreen won't hide economic spasms

It is indeed a point of debate whether the post-Budget policy tweaks of Ms Sitharaman would prove effective or not.

12 Oct 2019 12:00 AM IST

They will discuss legislative steps needed to prevent such incidents from happening and empower the regulator better, FM Nirmala Sitharaman said. (Photo: ANI)

PMC Bank: Sitharaman faces protesters; promises legislation

The depositors had gathered outside the BJP's office here ahead of FM Nirmala Sitharaman's scheduled press interaction.

10 Oct 2019 3:00 PM IST

HDFC Bank managing director Aditya Puri

Growth will improve by January but no 'runaway boom': Aditya Puri

A few companies, especially with exposure to the realty space, may face problems in the future, said HDFC's Aditya Puri.

6 Oct 2019 6:26 PM IST

A professional tax is proposed to be levied on individuals, who have an annual income of Rs 5 lakh. This would generate Rs 5 crore, the budget document read.

FinMin to kick-start budgetary exercise from Oct 14

The pre-Budget/RE (Revised Estimate) meetings will begin on the October 14, 2019, according to a Budget Circular...

6 Oct 2019 12:34 PM IST

Defence minister Nirmala Sitharaman. (Photo: PTI)

Growth slow, but no recession yet, says Nirmala Sitharaman

BJP's Sudhanshu Trivedi said the fears expressed by the Opposition were driven more by anti-Modi sentiments than facts.

28 Nov 2019 2:13 AM IST

Nirmala Sitharaman said the governments efforts last time were thwarted by the poor numbers in the Upper House. (Photo: File)

Government to sell stake in five top PSUs

The decision taken on Wednesday could be seen as a precursor to more such moves in future.

21 Nov 2019 1:32 AM IST

Finance minister Nirmala Sitharaman

Cabinet approves strategic sale of govt stake in BPCL, 4 others

The government currently holds 54.80 per cent in Concor.

21 Nov 2019 12:01 AM IST

State banks reported 5,743 cases of fraud in the period, most of which had taken place over the last several years.

India's state-run banks report fraud of more than USD 13 bn in 6...

Bankers have blamed lax regulations and said some bank officials were working in league with fraudsters.

20 Nov 2019 9:20 AM IST

Finance minister Nirmala Sitharaman

Call to exempt banks from deposit cover

The claims settled so far since 1962 is only Rs 5,120 crore and that too for the co-operative banks added...

19 Nov 2019 3:48 AM IST