New Delhi, (IANS) : Increase in exports may be the way to generate large scale employment, which has remained sluggish despite India's rapid economic growth, a study by EXIM Bank said on Tuesday. "Increase in exports paves the way to generate large-scale employment...
New Delhi, (IANS) : Crediting demonetisation for the biggest push towards digital banking, SBI on Monday said it envisions the entire range of banking services going digital over the next few years. "Demonetisation is the biggest push. The biggest beneficiary is...
Tehran, Iran, (NNN-PTI) : Iranian Foreign Minister, Mohammad Javad Zarif, said Saturday, that, India's United Commercial (UCO) Bank, will open a branch in Iran's capital, Tehran, in the near future, to facilitate financial and trade exchanges, semi-official Fars news...
By Porisma P. Gogoi, Mumbai, (IANS) : Volatility marked the Indian equity markets during the just concluded weekly trade as gains made on the back of value buying and positive domestic macro-economic data were ceded due to concerns over upcoming global events and...
Chennai, (IANS) : In an attempt to manage the liquidity surplus following demonetisation of Rs 500/1,000 notes, the central government, on Reserve Bank of India's (RBI) advice, on Friday revised upwards the ceiling for issue of securities under the Market...
By Venkatachari Jagannathan, Chennai, (IANS) : With the government nudging people towards digital banking modes -- payments through mobile phones, Point of Sale (PoS) machines and others -- ATM players may find their business in a flux in the coming years. ATMs are...
New Delhi, (IANS) : Petrol, diesel and gas outlets of state-run companies will stop accepting the banned high-value currency from Saturday according to a Finance Ministry notification here. This deadline for the old Rs 500 notes, which applies also for the purchase of...
Chennai, (IANS) : The Reserve Bank of India (RBI) on Thursday capped loan exposure of banks to an corporate entity at 20 per cent and to a group at 25 per cent of the bank's available eligible capital base. In a notification, the RBI said the sum of all exposure...
New Delhi, (IANS) : Giving a push for the country to go digital, Prime Minister Narendra Modi on Sunday appealed the people, particularly the youths, to embrace e-banking and mobile banking for cashless transactions. "Time has come for everyone, particularly my young...
By Rohit Vaid, Mumbai, (IANS) : The Indian rupee is expected to remain under pressure in the coming week due to heightened chances of a US rate, along with massive flight of foreign funds from the capital markets. Besides, political bickering over the demonetisation...