By Taponeel Mukherjee, Recent statements by the chief of the Banks Board Bureau (BBB) that public-sector banks (PSBs) have a role in creating Indian infrastructure considering the support they have provided the sector over the last decade, merit discussion. PSBs did...
By Porisma P. Gogoi, Mumbai : The Indian equity market, which will resume trade on Monday after a four-day-long break, will track domestic events like the central bank's first bi-monthly monetary policy review for the 2018-19 financial year, along with the release of...
By Gokhan Ergocun and Bahattin Gonultas, ANKARA: Business leaders from Muslim nations will gather in the Tunisian capital on Sunday to review last year's performance by the Islamic Development Bank (IDB), and discuss and approve its development agenda for the year...
Mumbai : The Reserve Bank of India (RBI) has announced special measures for transaction of central and state government business by banks handling government accounts on March 31 in view of the closing of the financial year on that day. In a release late on Tuesday,...
Hyderabad : The Central Bureau of Investigation (CBI) has booked 41 persons including three officials of the Industrial Development Bank of India (IDBI) for cheating the bank to the tune of Rs 539 crore in Andhra Pradesh and Telangana. The federal agency registered...
Kolkata : ICICI Securities, which will open its Rs 4,017 crore of initial public offering (IPO) on Thursday, is focusing on business of distribution of financial products like mutual funds to diversify its revenue mix. "The company's brokerage income as a proportion...
Kolkata : State-run Allahabad Bank on Wednesday said it has sanctioned Rs 1,003 crore in loans to 8,289 beneficiaries for micro, small and medium enterprises (MSME) through a special drive. "The bank organised a mega camp for MSME loans on Monday. Through the said...
New Delhi : India would grow at 7.3 per cent in 2018-19, the World Bank said on Wednesday forecasting that the economy would revert to its trend growth rate of 7.5 per cent by 2019-20 as it bottoms out from the impact of the Goods and Services Tax (GST) and...
New Delhi : Peak power demand in Delhi this summer is expected to breach the 7,000MW-mark and the two BSES distribution companies (discoms) in the capital have taken measures like long-term power purchase agreements (PPAs) and banking arrangements with various states,...
By Porisma P. Gogoi, Mumbai : The bears, tracking weak global cues, under-performance by banking sector stocks and outflow of foreign funds, ruled the Indian equity markets during the week ended Friday which saw the BSE Sensex and Nifty50 indices dropping over 2 per...