Mumbai : Broadly positive global cues lifted the key Indian equity indices on Wednesday, with the barometer Sensex of the BSE closing with gains of more than 200 points. According to analysts, banking, metal and auto stocks witnessed healthy buying activity. At 3.30...
Mumbai : HDFC Bank on Thursday welcomed the government's approval of Rs 24,000 crore foreign direct investment (FDI) into the bank. In an official statement, the bank said: "This decision comes against the backdrop of an expected pick-up in credit growth driven by...
Kolkata : State-run Allahabad Bank, which referred 65 stressed accounts involving around Rs 12,566 crore to the NCLT for IBC resolution during last fiscal, is focusing on recovery and rebalancing its loan book with emphasis on small, micro, agriculture and retail...
By Rituraj Baruah, Mumbai : The Reserve Bank of India's (RBI) decision to hike the repo rate by 25 basis points boosted the investor sentiments, which in turn lifted the key equity indices during the week ended on Friday. Weak global cues and depreciation in the...
Mumbai : Public sector banks (PSBs) will soon create a dedicated mechanism for managing stressed accounts, Finance Minister Piyush Goyal said on Friday following a meeting with PSB chiefs on the issue of banks' non-performing assets (NPAs), or bad loans. The...
Mumbai : Following a cycle of rate cuts begun in January 2015, the RBI on Wednesday raised its key interest rate for the first time by 25 basis points (bps) to 6.25 per cent, responding to concerns on inflation from surging global crude oil prices, as per a central...
By Arul Louis, United Nations : India is projected to regain its position as the world's fastest growing major economy advancing 7.3 per cent this fiscal year and 7.5 per cent in the next two "as factors holding back growth in India fade", according to the World Bank...
By Rohit Vaid, Mumbai : The Reserve Bank of India's (RBI) second monetary policy review for 2018-19, combined with the direction of foreign fund flows and global crude oil prices are expected to set the course for the key equity indices in the coming week. Market...
Chennai : The unions in the banking sector are squarely blaming the Indian Banks' Association (IBA) for forcing them to resort to a strike that entered the second and last day on Thursday. "It is the IBA which has put the banking public to trouble and not the unions....
Chennai/Agatala/Bengaluru : Banking transactions worth about Rs 21,700 crore could not be put into effect across the country as more than 10 lakh bankers struck work on Wednesday to demand wage revision. "The strike call evoked good response. About 85,000 bank...