October 20, 2019 01:22 PM IST Banking sector wrap: How companies 'shop' for favourable ratings and mislead investors; HDFC Bank Q2 profit jumps 27%
October 18, 2019 10:25 PM IST The forex reserves had increased by a higher $4.24 billion to a new high of $437.83 billion in the previous reporting week.
October 18, 2019 07:55 PM IST The economy grew at its weakest pace since 2013 in the June quarter, expanding at just 5%, as consumer demand and government spending slowed amid the global trade frictions.
October 18, 2019 11:17 AM IST There has been a strong demand for a cut in GST rates and income tax as well, to boost consumer demand. However, given the current fiscal situation, it looks less likely that the government will go for such measures.
October 18, 2019 10:27 AM IST Instead of engaging in a futile blame game, the union finance ministry has to address the deep rooted malaise afflicting the financial sector
October 17, 2019 09:05 AM IST Evolution of high-frequency indicators suggests further growth downgrade likely.
October 16, 2019 09:22 PM IST A few members of the board voiced their concerns over the the supervision performed by RBI officials.
October 16, 2019 08:20 PM IST The protesters marched from Patel Chowk to Reserve Bank of India protesting against the suspension of banking operation since September 24.
October 16, 2019 06:25 PM IST The meeting with Das, deputy governor and other senior officials of the Central bank came after police authorities confirmed the death of one more depositor, Fattomal Punjabi (61) due to natural causes.
October 16, 2019 09:20 AM IST There is room to do away with the tax levied on interest earned on deposits for senior citizens, including the Senior Citizens Savings Scheme.
October 15, 2019 03:16 PM IST Some analysts also wonder if the economy is headed towards "stagflation", which is characterised by persistently high inflation and low economic and jobs growth.
October 15, 2019 08:43 AM IST Ideally you should be investing in these products with a three-year time frame to benefit from the tax treatment for long-term capital gains
October 15, 2019 08:21 AM IST The meeting comes a day after the bankers met finance minister Nirmala Sitharaman in the Capital.
October 14, 2019 07:31 PM IST Forensic Auditors, appointed by the bank’s Administrator, are also looking into the related transactions, the RBI said.
October 13, 2019 01:51 PM IST Banking sector wrap: Depositors switch to long term maturities in hunt for higher rates; commercial paper issuances slump on stricter SEBI norms
October 12, 2019 09:38 PM IST He pointed out that the fiscal deficit of the country 'conceals' a lot and might push down Asia's third-largest economy.
October 11, 2019 07:38 PM IST The increase in reserves in the reporting week was on account of rise in foreign currency assets (FCA), a major component of the overall reserves.
October 11, 2019 12:41 PM IST Deposit insurance in India protects up to Rs 1 lakh of a depositor’s money — an incredibly low figure by whichever way you seek to measure it. This level was fixed over a quarter century ago in 1993.
October 11, 2019 11:40 AM IST Moody’s estimates corporate tax cuts will add 0.1 percentage point to India’s GDP growth.
October 11, 2019 09:44 AM IST "The waiver will continue for proposals sourced up to October 15," the circular read
October 11, 2019 08:20 AM IST RBI’s rejection of the deal basically indicates that it does not trust the books of non-bank companies, particularly, those with links to the real estate sector. That would have ripple effect across the sector and increases the risk of contagion as fear and a trust deficit spreads throughout the financial system.
October 10, 2019 10:30 PM IST The RBI governor and other officials will be called to discuss issues related to slow down, interest rates and reserves, the sources said.
October 10, 2019 07:08 PM IST The bank was placed under the PCA framework on September 27.
October 10, 2019 06:30 PM IST The DA hike for government employees comes at a time when their private counterparts find it tough to convince their employers for a parity of treatment.
October 09, 2019 09:25 PM IST As the rates go down, depositors tend to lock in at longer maturities in anticipation of more cuts.
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