New Delhi, (IANS) : Finance Minister Arun Jaitley on Tuesday moved the Specified Bank Notes (Cessation of Liabilities) Bill for passage in the Lok Sabha to formally make the banning of Rs 500 and Rs 1,000 notes a law, which includes provision of penalty for holding...
New Delhi, (IANS) : The Lok Sabha on Tuesday passed a bill which enables employers to pay wages through cheque or by crediting it to bank accounts. The existing provision of payment in current coin or currency notes will remain in place. The Payment of Wages...
Mumbai, (IANS) : Inflow of foreign funds, coupled with a strong rupee buoyed the Indian equities markets on Thursday. However, investors were cautious ahead of the Bank of England's (BoE) interest rate decision later in the day, and the Reserve Bank of India's (RBI)...
Kolkata, (IANS) : Public sector lender Allahabad Bank on Friday said it has raised Rs 1,000 crore in tier-two bonds through private placement. "Allahabad Bank has raised on Wednesday, Basel III compliant Tier 2 Bonds aggregating Rs 1,000 crore through private...
New Delhi, (IANS) : The State Bank of India and other public sector banks on Tuesday moved the Supreme Court seeking to intervene in the Aircel-Maxis case as a substantial amount of theirs was involved as loans. A bench of Chief Justice Jagdish Singh Khehar, Justice...
Gandhinagar, (IANS) : India will soon have Islamic banking facilities with the Saudi Arabia-based Islamic Development Bank (IDB) set to start its India operations from Gujarat, the Gulf kingdom's envoy in New Delhi said on Wednesday. "I would like to point to a very...
New Delhi, (IANS) : The impact of demonetisation is expected to drag the revenues of the corporate sector to 4 per cent from an average of 6.3 per cent in the preceding three quarters, rating agency Crisil said on Tuesday. "For the third quarter ended December 31,...
New Delhi, (IANS) : Clarifying on on the issue of charges for transactions through cards at petrol pumps, Petroleum Minister Dharmendra Pradhan said on Monday that there will be no additional charges on digital transactions made at petrol stations. "Neither the...
Chennai, (IANS) : Global credit rating agency Moody's on Monday said asset deterioration is a challenge for Indian banks over the medium-term. Moody's Investor's Service and its Indian affiliate ICRA Ltd said in a statement the prospect for Indian banks were subdued....
Chennai, (IANS) : The assets under management (AUM) of the Indian mutual industry are expected to touch Rs 20 lakh crore soon, said a top official of Reliance Nippon Life Asset Management Ltd. (Reliance Mutual Fund). The AUM of the mutual fund industry touches Rs...