Mumbai : Healthy buying in banking, FMCG and consumer durable stocks lifted the key Indian equity indices on Monday with the BSE Sensex setting a fresh benchmark of 36,749.69 points by the fag end of the day's trade. Investor sentiments were boosted after Goods and...
By Quaid Najmi, Mumbai : The Reserve Bank of India's (RBI) announcement launching a new series of 100-rupee denomination notes has been greeted with trepidation by the major companies engaged in the manufacture and supply of Automatic Teller Machines (ATMs) in the...
Mumbai : HDFC Bank on Saturday reported a 18.2 per cent increase in its net profit to Rs 4,601.4 crore during the quarter ended June 30 in the current fiscal, as compared to Rs 3,893.84 crore in the year-ago period. The Bank's total income for the quarter under review...
Mumbai : Depreciation in the Indian rupee and domestic political uncertainty subdued the key Indian equity indices on Thursday. In a major development, the rupee breached the 69 per dollar mark during the day, eroding investor sentiments in the equity market....
New Delhi : CSC SPV, a special purpose vehicle under the Ministry of Electronics & IT, has entered into agreement with HDFC Bank to enable its three lakh village level entrepreneurs (VLEs) managing the common services centers (CSC) operate as banking...
New Delhi : Representatives from the 11 public sector banks, which are under RBI scanner for mounting bad loans on Tuesday, assured a parliamentary panel that "things would start looking up from next year" and by 2020, they would be able to come out of the austerity...
Asian countries need to join hands to improve their infrastructure connectivity Mumbai: Asian countries need to come together to improve their infrastructure connectivity to increase their GDP share in the global economy. At a panel discussion held as part of the...
By Maeeshat Desk, Mumbai: With the total project portfolios of US$4.4 Billion, India has been the largest borrower of Asian Infrastructure Investment Bank (AIIB) lending since the time the Bank started its operations. Unlike most other multilateral development banks...
By Quaid Najmi, Mumbai, Ahmedabad : The National Bank for Agriculture & Rural Development (NABARD) on Friday attributed the country's highest deposits of Rs 745.59 crore in banned currencies at the Ahmedabad District Cooperative Bank (ADCB) to the latter's massive...
By Amit Kapoor & Chirag Yadav, India's banking sector has been hogging the headlines for all the wrong reasons. It started with the mounting problem of non-performing assets (NPAs) across banks; then came a revelation of systemic fraud in the second-largest...