By Anjana Das, New Delhi : IDBI Bank has sounded out its new owner LIC seeking another tranche of up to Rs 12,000 crore to meet its huge provisioning requirements amid mounting losses. The fresh support is required to cover for non-performing assets (NPAs) in the...
New Delhi : The Reserve Bank of India on Thursday said that Finance Minister Piyush Goyal will address its Central Board on February 18. In a late night statement, the RBI said that FM will address the Central Board of Directors in its customary post-budget meeting....
By Ravi Dutta Mishra, New Delhi : Britain is set to leave the European Union on March 29 and concerns remain across the globe with the financial markets already jittery over the possibility of a no-deal Brexit. For India, experts say, Brexit might have a short-term...
Raipur : Chhattisgarh Chief Minister Bhupesh Baghel on Friday presented a Rs 91,542-crore budget for the financial year 2019-20 in the state Assembly, saying the budget is aimed at welfare of all. Baghel also holds the Finance portfolio. Presenting his government's...
Mumbai : The Reserve Bank of India is widely expected to keep its key lending rate for commercial banks unchanged at 6.5 per cent for the third time in succession when it makes the fiscal's final bimonthly monetary policy review announcement on Thursday, but could...
Mumbai : IDBI Bank has said that its Board has approved a proposal to change the name of the lender to either LIC IDBI Bank or LIC Bank, subject to regulatory and shareholders' approval. According to the lender, its Board has approved a proposal for change of name of...
New Delhi : Setting aside all conventions with an eye on the coming elections, Finance Minister Piyush Goyal on Friday showered tax sops for the middle class and salaried tax payers including zero tax liability for those with income is up to Rs 5 lakh and announced an...
Mumbai : Mauritius Prime Minister P.K. Jugnauth inaugurated the SBM Bank (India) Ltd, which becomes the first foreign bank in India that was granted the Reserve Bank of India (RBI) licence to operate as a wholly owned subsidiary, an official said on Friday....
New Delhi : The government on Tuesday called for a faster resolution of the Infrastructure Leasing and Financial Services (IL&FS) crisis as it took stock of the ground covered so far. Economic Affairs Secretary Subhash Chandra Garg held a review meeting with...
Gandhinagar : Prime Minister Narendra Modi on Friday said that his government had made doing business in India easier, cheaper, faster and smarter with his term accounting for almost 45 per cent of the Foreign Direct Investment (FDI) that the country received in the...