By Porisma P. Gogoi, Mumbai : Consistent investments by domestic institutions propelled the key Indian equity indices -- the Sensex and the Nifty50 -- to close the week's trade at record high levels, continuing their winning streak for the sixth consecutive week....
New Delhi : Though Indian non-banking financial companies (NBFCs) are growing in market share at a time when the banking system is grappling with the bad loans issue, they will have to keep pace with new technologies to attract investment, industry chamber Assocham...
New Delhi : The central government's recent decision to recapitalise public sector banks (PSBs) has led to a surge in credit growth, the government said on Saturday. Finance Minister Arun Jaitley said that credit growth would go further up once the infusion of capital...
New Delhi : All 650 branches of India Post Payments Bank (IPPB) are expected to be launched by April 2018, Communications Minister Manoj Sinha said on Wednesday. The Reserve Bank of India (RBI) granted licence to carry on payments bank activities on January 20, 2017...
New Delhi : Union Finance Minister Arun Jaitley said on Tuesday that the Narendra Modi-government has not written off any corporate loans and such assumptions were just "misconceptions". "Let me clarify that neither the government nor the banks wrote off any loans,"...
New Delhi : Congress President Rahul Gandhi on Sunday attacked Prime Minister Narendra Modi for only giving empty slogans and said the government utilised only 7 per cent of the Rs 9,860 crore allotted for the Smart Cities scheme. "Dear Modi bhakts (followers), out of...
New Delhi : India's budgetary fiscal deficit for the first eight months of 2017-18 stood at 112 per cent -- Rs 6.12 lakh crore -- of the full year's target of Rs 5.46 lakh crore, official data showed on Friday. The data furnished by the Comptroller General of Accounts...
New Delhi : At a time when bitcoins are in focus for all the wrong reasons, cryptocurrency dealer Pluto Exchange on Thursday announced the launch of India's first mobile application for transacting in the virtual currency. At a press conference here, Pluto Exchange...
New Delhi : In a move expected to coax banks to lower their deposit rates, the government has reduced the interest rates on small saving schemes, including National Savings Certificates (NSCs), Public Provident Fund (PPF) and Kisan Vikas Patra (KVP), by 0.2 percentage...
New Delhi : The governments of India and Tamil Nadu on Tuesday signed an agreement with the World Bank for the multilateral lender to provide a $318 million loan for modernisation of irrigation projects in Tamil Nadu, improve market opportunities for small and...