Sunitha natti

Trade office, expo part of Taiwan bid to ramp up business with India

It's the IPL season, and as you enter the Wankhede cricket stadium in Mumbai, you would least expect a foreign trade outfit like Taiwan Excellence to pitch its marketing tent, more so when the island nation has neither diplomatic nor deep trade relations with India.

46 minutes ago

SBI Caps’ ownership rejig plan could trouble PSBs

The country’s largest lender SBI wants to revamp the ownership structure of its money-spinning subsidiary SBI Caps, but the proposal has put Public Sector Banks (PSBs) in a spot. 

22 Apr 2018

80:20 gold scheme relaxed on UPA government's instruction

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

Major salary hike for SBI Caps CEO Varsha Purandare raises eyebrows

Unbelievable, but the salary of Varsha Purandare, MD & CEO of SBI Caps, had almost tripled between FY16 and FY17.

17 Apr 2018

Bankers across country frown upon SBI’s move to recast its Caps structure

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

Get travel insurance cover for your summer trips well ahead

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

Onus of Videocon row on ICICI Bank board, says whistleblower Arvind Gupta

Board of ICICI Bank should have exercised powers to prevent approval of loan to Dhoot’s Videocon, says whistleblower Arvind Gupta to The New Indian Express.

05 Apr 2018

RBI lets banks spread bond trading losses over four quarters

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

Personal loans are the new, risky growth vehicle

With corporate lending facing a squeeze, banks are increasingly turning to retail customers to sell loans and the results are telling.

03 Apr 2018

Steep fines for missing March 31 income tax deadline

Come March 31, the window for filing pending personal income tax (I-T) returns for the past two financial years will be freezed.

26 Mar 2018

Total currency in circulation nears pre-demonetisation levels

Notes in supply swell to Rs 17.82 lakh crore compared to H17.97 lakh crore before note ban

03 Mar 2018

30 banks, including PNB, to face forensic audit to trace Nirav Modi fraud case's footprint

A staggering 30 banks will be part of the forensic audit, besides Punjab National Bank, to trace and track the chain of money movement that eventually ended up as a gigantic Rs 11,400 crore fraud.

17 Feb 2018

Nirav Modi fraud case: No clarity yet on the quantum of losses for PNB, other banks

Clearly, $1.77 billion is the amount that Modi and his firms borrowed since 2011 but what's unclear is the outstanding exposure and how much of it was actually repaid.

16 Feb 2018

Policy rates: Is it time to adopt an external benchmark?

Nearly 25 years after the Reserve Bank of India (RBI) deregulated banks’ lending rates, India is yet to see an effective monetary policy rate transmission.

11 Feb 2018

Household savings may shift to financial assets

Finance Minister Arun Jaitley did not explicitly mention it, but Budget 2019 had a strong hint of the government’s efforts to shift household savings from physical to financial assets.

05 Feb 2018