Search Results for: banking

Black money probe: Swiss govt agrees to share details of two Indian firms

One of the two Indian companies used to be a publicly-listed entity and has already faced the wrath of capital markets regulator Sebi for multiple violations, while the other firm is said to have political links in Tamil Nadu.

Dec 3, 2018

Markets may take a pause to consolidate recent gains

Traders watchful of US-China trade truce impact on crude and rupee and domestic election results.

Dec 3, 2018

Modi govt failed to deliver on its promise of double-digit growth: P Chidambaram

The senior Congress leader said there was a sense of crisis in every sector, be it banking, industry, construction or real-estate.

Dec 1, 2018

SBI account holder? Here's why you are denied internet banking from December 1

It is mandatory to register an account holder's mobile number to avail internet banking services. November 30 is the last day for State Bank of India account holders to register a phone number for uninterrupted online banking service from December 1.

Nov 30, 2018

IL&FS (Infrastructure Leasing and Financial Services Ltd.)

Renewable energy arms of beleaguered IL&FS put on sale

Recently, the company has appointed Arpwood Capital Pvt. Ltd and JM Financial Ltd as financial and transaction advisers, and Alvarez and Marsal as resolution consultants.

Nov 29, 2018

India's economic growth seen slowing during PM Modi's run for re-election

India's annual economic growth probably moderated to 7.4 percent in the July-September quarter, according to a Reuters poll, weakening just as Prime Minister Narendra Modi's Hindu nationalist led-government gets set for an election due by May.

Nov 29, 2018

RBI stricture on promoter share dilution worries investors ahead of December deadline

The share prices of Bandhan Bank and Kotak Mahindra Bank have tanked substantially following the RBI directives.

Nov 28, 2018

Major relief for NBFCs and small business as RBI eases hedging norms

In a circular issued by the central bank, for ECBs which have a maturity period between three-five years, the mandatory hedging requirement has come down to 70%, instead of the earlier level of 100%.

Nov 28, 2018

rbi mpc meeting, rbi repo rate, rbi governor urjit patel, rbi deputy governor, rbi slr, rbi growth rate projection

RBI governor Urjit Patel appears before parliamentary panel to brief on demonetisation

The RBI Governor appeared before the panel days after the central bank's face-off with the finance ministry over issues ranging from appropriate size of reserves to be maintained by RBI to easing of lending norms for small and medium enterprises.

Nov 27, 2018

india jewellery exports, india gems and jewellery exports 2016-17

7% of GDP and 5 mln jobs: Gems exports sector stalls as credit crunch bites

According to the Indian brand Equity Foundation, the Gems and Jewellery (G&J) sector in India contributes around 29 percent to the global jewellery consumption.

Nov 26, 2018

Higher security spend of banks failed to curb increasing frauds

Cases of banking frauds shot up by 20 percent in two years despite closer oversight following some high-profile cases of wilful default, study says.

Nov 24, 2018

Bank credit growth highest in five years; does that negate lurking credit crunch fears?

The growth registered by the banks is really encouraging with the fact that RBI has put 11 public sector banks under the prompt corrective action (PCA) framework.

Nov 23, 2018

Public sector banks CEOs can now request look-out circulars against wilful defaulters

The move comes against the backdrop of defaults by Vijay Mallya, Nirav Modi, and Mehul Choksi and thereafter, fleeing the country.

Nov 23, 2018

pay commission, 7th cpc, modi govt, arun jaitley, central government employees, rbi, urjit patel

Banks may get Rs 3.7 lakh crore lending boost as RBI defers Basel III norm roll-out

Some experts feel the one-year limit could prevent the economy from drawing full benefits of the added liquidity

Nov 22, 2018

Heavy truck sales to get affected amid liquidity crunch

Small non-banking financial cooperation (NBFCs) are struggling to raise loans moreover with bigger financiers raising interest rates, fleet operators are forced to delay the orders.

Nov 21, 2018

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