For the first time in four decades, bank deposits plunged to 25 per cent of overall household financial assets in FY18 as against 67 per cent a year before.
17 Sep 2018
Our policymakers realised early on that India could be vulnerable and a framework for external sector was spearheaded by none other than Dr Manmohan Singh, when he was RBI Governor.
16 Sep 2018
In terms of volume, little or no new pink notes were printed and circulated in the past 12 months.
30 Aug 2018
Call it RBI Governor Dr Urjit Patel’s candid confession yet on missing the inflation target, which is the apex bank’s key responsibility area.By Patel’s own admission, RBI has been “away from its
02 Aug 2018
Hold and behold! That’s been the mantra of the Reserve Bank of India (RBI), not with regards to rates, but its stance on monetary policy, which was set neutral since February 2017.
01 Aug 2018
Lenders including SBI, India Post Payments Bank, Hudco, PFC and LIC, have all signed the pact that targets faster recovery of all or a part of the Rs 6.2 lakh crore that has gone sour.
23 Jul 2018
In another act of kindness to small taxpayers and businesses, the threshold limit for filing appeals in tribunals is raised to Rs 20 lakh, Rs 50 lakh and Rs 1 crore in High Courts and SC.
15 Jul 2018
Sources said, though there are no signs of a challenge in filling up the vacancies yet, bankers are certainly giving a serious thought to the offers being put on the table.
30 Jun 2018
Worse, nearly a quarter of the total state-run firms are defunct, including some firms in Andhra Pradesh that are undergoing liquidation for as far back as 27 years.
19 Jun 2018
The newly introduced Insolvency and Bankruptcy Code (IBC) was touted as the game changer that would help banks to get rid of the toxic loan pile in a time-bound manner.
15 Jun 2018
Post crackdown on shell companies, active firms’ shutdowns shot up 13% at 44,747 in FY18 compared to 39,440 in FY17.
08 Jun 2018
One can hear the drumbeats with the NDA government boasting about India’s world-beating 7 per cent growth every year since it took over in May 2014.
27 May 2018
26 scheduled commercial banks that have declared annual results together added D2.5 lakh crore to the gross NPA pile during FY18
24 May 2018
For the past few years, both public and private sector banks are making up for the slack in credit growth to industries by increasing their exposure to retail borrowers.
13 May 2018
RBI says while deposits grew by 13.1 per cent in FY17, banks disbursed personal loans worth Rs 5.7 lakh crore across the south.
09 May 2018
India ranks 14th in exports for Taiwan, and its companies invested just $287 million since 2000 in India.
24 Apr 2018
The RBI relaxed the controversial 80:20 gold import scheme launched in May, 2014 based on the instructions it received from the Ministry of Commerce, sources said.
19 Apr 2018
If it is not sorted out, a battle among banks could soon be drawn, with the country’s largest banker State Bank of India (SBI) on one side and other public sector banks on the other.
15 Apr 2018
Summer is round the corner and so is the much-awaited holiday season. Most of us have a bucket list of places to visit. Some of us may have even spent time and resources planning to tick some places o
09 Apr 2018
These trading losses should have incurred between December 2017 and March 2018, and the amount will be spread equally up to four quarters.
03 Apr 2018