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While Bhushan Steel is in default of Rs 44,478 crore to banks, Essar Steel owes Rs 37,284 crore and Electrosteel Steels Rs 10,273.6 crore. (Representational image)

Essar, Bhushan Steels and Electrosteel referred to NCLT for insolvency

Essar Steel, Bhushan Steel and Electrosteel Steel collectively have NPAs worth Rs 1 lakh crore.

23 Jun 2017 11:16 AM IST

There are allegation that from November 15 to November 18, the bank manager had issued 149 demand drafts for amounts less than Rs 50,000 in favour of a Pune-based finance company in violation of RBI guidelines.

RBI rejigs overseeing committee to monitor restructuring of bad loans

The reconstituted OC will work with an expanded mandate to review the restructuring of stressed assets.

22 Jun 2017 6:10 PM IST

Implementation of GST it does not seem will meet its actual deadline of Aril 1, 2017 as both the Centre and the states have failed to arrive on an agreement over contentious issues.

GST to create national market and broaden tax base: Urjit Patel

Patel said broadening of tax base is an important outcome of GST and other initiatives on e-payments and digitisation.

22 Jun 2017 5:02 PM IST

RBI Governor Urjit Patel at a press conference after the monetary policy review meeting in Mumbai. (Photo: PTI)

Urjit Patel not pessimistic about IT jobs, feels startups should help

Patel's comment came amidst reports pointing to big IT firms laying off people and going slow on hiring.

22 Jun 2017 3:46 PM IST

RBI Governor Urjit Patel at a press conference after the monetary policy review meeting in Mumbai. (Photo: PTI)

MPC minutes reveal a strong case for rate cut in August: Analysts

Earlier this month, the RBI in its MPC meet had left the key repo rate unchanged at 6.25 per cent.

22 Jun 2017 1:31 PM IST

RBI Governor Urjit Patel at a press conference after the monetary policy review meeting in Mumbai. (Photo: PTI)

Repo rate: No premature policy action; Patel says RBI to wait for data

Urjit Patel also underlined the need for resolution of stressed assets of banks and timely recapitalisation of PSU...

22 Jun 2017 12:04 PM IST

Based on the consultative paper and the comments received thereon, the Sebi board today approved the proposal to amend Listing Regulations.

Sebi eases norms to acquire stressed companies

Open offer would not be mandatory for investors.

22 Jun 2017 2:29 AM IST

Reserve Bank of India, RBI, is a banking regulator. It also calculates and fixes repo rate. (Photo: AFP)

RBI takes to SMSes, missed-call helpline against prize frauds

RBI regularly issuing caution notices against such frauds, it has now taken to SMSes to spread public awareness against...

11 Dec 2017 10:30 AM IST

The administration may also raise salaries paid to H1-B visa holders, a move that could significantly increase costs for IT companies that are already facing pressure on margins. (Representational image)

Software service export grew 10.3 per cent in 2016-17: RBI

Export of software services excluding the one through commercial presence was USD 88 billion in 2015-16.

9 Dec 2017 11:59 AM IST

The bank said the new MCLR rate will take effect from December 11. (Photo: PTI)

OBC cuts MCLR by 0.05 per cent for select tenors

MCLR for overnight, and six-month lending have been kept unchanged at 8.10 per cent and 8.30 per cent.

9 Dec 2017 11:19 AM IST

Indias GDP growth forecast for the current fiscal to 7 per cent from 7.4 per cent.

India's GDP growth to rise to 7.5 pc in 2018: Morgan Stanley

RBI in its fifth bi-monthly review for current fiscal on Dec 6, kept repo rate unchanged at 6 per cent.

8 Dec 2017 11:59 AM IST

RBI had in December last year capped the MDR charges at 0.25 per cent for transactions up to Rs 1,000.

RBI rationalises charges on debit card transactions

MDR is the rate charged to a merchant by a bank for providing debit and credit card services.

7 Dec 2017 10:40 AM IST