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Sebi has begun looking into the matter for any possible disclosure and corporate governance-related lapses.

Sebi wants govt rethink on RBI representation on its board

Officials said Sebi first proposed to the Ministry of Finance to amend the relevant provisions in the Sebi Act.

28 Feb 2019 5:51 PM IST

Kotak Mahindra Bank on Tuesday said it will offer debit card at a special price of Rs 99 for the first year for customers who will open account under its zero balance account scheme till September 15.

Kotak ties up with ADIA for USD 600 mn distressed assets fund

ADIA has committed USD 500 million for the special situations fund, while Kotak will invest the remaining.

28 Feb 2019 5:21 PM IST

The needless controversy between the government and the RBI is a direct consequence of economists without any practical experience in administering policies at a high level being inducted to executive positions.

BSA between India and Japan provides for India to access USD 75...

The BSA was negotiated between India and Japan during the visit of Prime Minister Narendra Modi to Tokyo on October 29...

28 Feb 2019 1:48 PM IST

The Delhi Court on Wednesday sought the Centres and tax authority CBDTs response on a plea opposing the requirement of quoting Aadhaar number or linking it with PAN in e-filing tax returns.

Payments industry wants RBI to allow facial recognition software to...

Industry is also keen on having a flexibility in regulations, where small value transactions using PPIs should not need...

27 Feb 2019 5:37 PM IST

Banning of letters of undertaking (LoUs) and letters of comfort (LoCs) by the RBI as trade finance instruments is likely to reduce financial flexibility of importers, a Fitch group company said on Wednesday.

UBS sees RBI getting into an aggressive easing mode in FY20

CPI inflation is likely to remain below 4 per cent until October and averages at 3.8 percent in FY20.

27 Feb 2019 5:25 PM IST

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

India's economy seen losing momentum ahead of election

Economic growth could suffer from a possible slowdown in state spending in the two months before the election.

27 Feb 2019 4:52 PM IST

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

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 IST

Shares of Allahabad Bank closed 1.96 per cent down at Rs 87.70 on BSE.

Corporation, Allahabad, Dhanlaxmi Bank jump up to 10 pc post RBI move

The RBI on Tuesday removed the three banks from its Prompt Corrective Action (PCA) framework.

27 Feb 2019 12:27 PM IST

Allahabad, Corp Bank, Dhanlaxmi out of PCA

BoI, BoM & OBC were taken out of framework.

27 Feb 2019 3:08 AM IST

The needless controversy between the government and the RBI is a direct consequence of economists without any practical experience in administering policies at a high level being inducted to executive positions.

RBI proposes variable pay for bank CEOs

As part of new proposals, RBI is also suggesting quantitative and qualitative criteria is for identification of Material...

26 Feb 2019 3:49 PM IST

The argument put forward by the leaders of the BJP and others was that India did not depend on exports for its economic growth, and that the huge domestic market and the consumption it entailed was good enough to keep the economy in shape and the global developments were marginal. (Representational image)

India's growth momentum likely slowed in late 2018: report

Forecasts for the GDP number, due for release on Feb 28 at 1200 GMT, ranged between 6.3 per cent and 7.9 per cent.

26 Feb 2019 10:34 AM IST

The needless controversy between the government and the RBI is a direct consequence of economists without any practical experience in administering policies at a high level being inducted to executive positions.

RBI proposes new compensation norms for top officials of private,...

In January 2012, the Reserve Bank had issued the compensation guidelines for implementation by pvt sectr, foreign banks...

26 Feb 2019 10:30 AM IST