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NPAs are mounting due to weak governance in public sector banks, says RBI Governor

The RBI Governor noted that competency issues have arisen due to inadequacy to understand risk from a business perspective by the boards in some bank.

Nov 17, 2019

FM Sitharaman announces steps to boost liquidity, demand

Favourite whipping boys: Will millennials be next blamed for swelling bank NPAs?

After taking the taint for economy's growth woes from auto sector slowdown to retail sector trouble, millennials may now draw the flak for another round of non-performing assets surge in banks.

Nov 15, 2019

India dependent on cash more than ever despite push to boost digital economy

Central bank data shows that since the controversial demonetization gambit, currency in circulation has grown, rising 17 percent to 21.1 trillion rupees as of the end of March 2019.

Nov 14, 2019

India's October retail inflation breaches RBI's medium-term target

Retail food prices, which make up nearly half of India's inflation basket, increased 7.89% in October from a year earlier, against 5.11% in September.

Nov 14, 2019

IMA scam troubled waters: Big govt fish in CBI net for accepting bribes

Then Deputy Commissioner BM Vijay Shankar, IAS, suspended assistant commissioner LC Nagaraj and Manjunath, who is an accountant, have been named in the FIR.

Nov 10, 2019

Ayodhya verdict: Schools, colleges shut, maximum 'bandobast' ensured in Bengaluru

Schools and colleges will remain closed on Saturday, November 9 as a precautionary measure to ensure the safety and security of the students and their faculty.

Nov 9, 2019

IMA scam: CBI raids 15 locations including residences of top officers in Karnataka and UP

Out of the 15 locations, the raids were carried out at 11 places in Bengaluru and each in Mandya, Ramanagara, Belgaum and one place in Meerut, UP.

Nov 8, 2019

Gandhi family lose SPG cover, get Z+ security

The Gandhi family will now enjoy a 'Z plus' security cover to be given by Central Reserve Police Force (CRPF).

Nov 8, 2019

Centre clears Rs 25,000 crore fund as 'Special Window' to rescue stalled housing projects

The Union Cabinet has cleared a proposal to set up a 'Special Window' in the form of Alternative Investment Fund (AIF) to provide priority debt financing for the completion of stalled housing projects.

Nov 7, 2019

Is realty sector next in line for Finance Minister Sitharaman's booster shot?

FM Sitharaman claimed the government and the RBI are working to resolve issues the realty sector is facing.

Nov 6, 2019

Tiz Hazari violence: Lawyers demand Rs 10 lakh for injured; security tightened at court complex

In view of the lawyer strike and given the sensitivity of the situation, the Delhi Police has changed its strategy with regards to the deployment of its forces.

Nov 4, 2019

Sensex hits record high, surpasses 40,260, Nifty tops 11,900

Indian shares have seen steady gains in the last few sessions buoyed by positive global cues.

Oct 31, 2019

Why did RBI slap Rs 1 crore penalty on Bandhan Bank?

Bandhan Bank was required to bring down the shareholding of its "non-operative financial holding company" to 40 per cent of its paid-up equity capital within three years from the date of start of business.

Oct 30, 2019

Sensex hits 40,000, Nifty above 11,800 as financials gain

In domestic markets, the Nifty PSU Bank index, which tracks the country's state-run lenders, rose 1 per cent, with shares of Central Bank of India adding over 4 per cent.