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Sanjay Gulati, a resident of suburban Oshiwara, went to a protest march held outside a city court on Monday morning and had been under stress because of his deposit being stuck, said Manali Narkar, who was among the agitating depositors. (Photo: Twitter)

Ex-Jet Airways employee with Rs 90L in PMC Bank dies of heart attack...

According to reports in a section of media, Gulati lost his job after the grounding of Jet Airways and is survived by a...

15 Oct 2019 12:17 PM IST

Inflation in onion continued to rule high at 42.22 per cent and in potato at 43.25 per cent.

Inflation increased in September but won't 'bring tears' to RBI:...

If the consensus is right, inflation will come in below the RBI's medium-term target for 14 months in a row.

10 Oct 2019 3:31 PM IST

The extension is effective from October 10 October to April 9 next year. (Photo: ANI)

RBI extends Chhibber's term as J&K Bank's interim CMD for 6 months

Chibber took over the bank's reins for three months in June following the removal of Parvez Ahmed from the post by the...

9 Oct 2019 12:09 PM IST

Global rating agency Moodys Investors Service on Tuesday placed Yes Banks foreign currency issuer rating of Ba1 under review for downgrade.

Yes Bank shares jump over 4 per cent on fresh investment buzz

Shares of the private sector lender rose 4.15 per cent to Rs 43.85 on the BSE.

7 Oct 2019 12:28 PM IST

Asserting that all its loans are fully secured, suspended PMC Bank managing director Joy Thomas stated that one large account - HDIL - was the sole reason for the present crisis that led to the regulatory action on Tuesday. (Photo: PTI)

Former MD of PMC Bank arrested in Rs 6500 crore fraud

The agency conducted searches at six places in Mumbai and neighbouring areas linked to the former chairman of the bank,...

4 Oct 2019 8:10 PM IST

Industry chambers CII and Assocham on Sunday asked the government that the PNB fraud should not hinder bank loans to businesses which were showing signs of revival after being hit by demonetisation and GST.

Loans to become cheaper after RBI cuts interest rate to a decade low

RBI will continue accommodative stance as long as it is necessary and growth revives, said RBI Gov Shaktikanta Das.

4 Oct 2019 4:11 PM IST

Governor Shaktikanta Das

'Seen it only in media': RBI Governor on Rs 30,000 crore reported...

As per media reports, the government might seek an interim dividend of about Rs 30,000 crore from the RBI towards the...

4 Oct 2019 3:19 PM IST

Reserve Bank of India (RBI)

RBI cuts repo rate by 0.25 per cent to support growth

The repo rate has been brought down to 5.15 per cent to help reduce borrowing costs for home and auto loans.

4 Oct 2019 12:08 PM IST

Tech majors Tata Consultancy Services and Infosys Technologies will jointly open the fourth and final quarter of the financial year 2018-19 on April 12.

India's services sector activity contracts in Sep on weak demand: PMI

The IHS Markit India Services Business Activity Index fell to 48.7 in September from 52.4 in August.

4 Oct 2019 11:54 AM IST

Reserve Bank of India

RBI likely to cut policy rate on Friday to boost economy

RBI Governor Shaktikanta Das has already hinted further monetary policy easing while space for fiscal space is limited.

3 Oct 2019 5:50 PM IST

Asserting that all its loans are fully secured, suspended PMC Bank managing director Joy Thomas stated that one large account - HDIL - was the sole reason for the present crisis that led to the regulatory action on Tuesday. (Photo: PTI)

PMC Bank case: ICAI to check role of auditors

ICAI on Wednesday said it has triggered its disciplinary mechanism and has written to the bank as well as regulatory...

2 Oct 2019 3:56 PM IST

The RBI has asked Axis Banks board to re-consider the decision to re-appoint Shikha Sharma as its MD and CEO for a fourth term.

India central bank set to cut rates again as fiscal measures fail to...

With current inflation remaining benign, we expect RBI to opt for a 40 bps rate cut, said Yes Bank's Yuvika Oberoi.

2 Oct 2019 2:41 PM IST