Mumbai : India's foreign exchange (Forex) reserves kitty depleted by $211 million as on August 18, 2017, official data showed on Friday. The Reserve Bank of India's (RBI) weekly statistical supplement released on Friday showed that the overall Forex reserves declined...
New Delhi : The Finance Ministry of Wednesday formally announced the launch of the new Rs 200 note. "The central government hereby specifies the denomination of bank notes of the value of 200 rupees," a Gazette notification said. The notification has been issued under...
New Delhi/Mumbai/Chennai/Kolkata : Banking operations across the country were hit on Tuesday as over 10 lakh bank employees in more than 1,30,000 branches pan-India struck work -- protesting against reforms in the banking sector among other issues -- thereby affecting...
Mumbai : Negative global cues and heavy selling pressure in index heavyweights such as Infosys, ONGC and Tata Motors among others pulled the key Indian equity indices -- the NSE Nifty 50 and the BSE Sensex -- lower on Monday. According to market observers, subdued...
New Delhi : The government, the National Company Law Tribunal and the Insolvency and Bankruptcy Board should treat home buyers at par with banks in view of a situation where thousands of buyers have been unable to get possession owing to stalled projects, industry...
Mumbai : The Reserve Bank of India, in its second bi-monthly Monetary Policy Committee meeting, has projected quarterly average headline inflation in the range of 2-3.5 per cent in the first half of the year and 3.5-4.5 per cent in the second half. In its outlook, the...
By Venkatachari Jagannathan, Chennai : India's largest lender, State Bank of India (SBI), has rationalised 716 offices (594 branches and 122 administrative offices) and several thousands of employees have been transferred beginning this fiscal, but, strangely, there...
Chennai : In an attempt to avert the nationwide bankers' strike on August 22, the Indian Banks' Association (IBA) and the Chief Labour Commissioner have called the United Forum of Bank Unions (UFBU) for talks, a top leader of All India Bank Employees' Association...
New Delhi : In yet another jibe at the government over demonetisation, former Finance Minister P. Chidambaram on Friday said another Rs 50,000 crore should be added to the cost of the note ban exercise that was undertaken last year. "Cost of demonetisation: Add...
New Delhi : The government has not written off even a single rupee of corporate loan, Finance Minister Arun Jaitley told the Lok Sabha on Friday. The Minister was responding to a supplementary question by Congress member Deepender Singh Hooda, who said the government...