New Delhi, (IANS) : Aimed at removing the parallel or shadow economy, the demonetisation drive taken up by the government in November 2016 had three distinct benefits, Finance Minister Arun Jaitley said here on Thursday. "There were three distinct benefits from...
By Qadri Inzamam, New Delhi, (IANS) : In order to ward off growing cyber threats against the banking and finance sector, standardising security infrastructure is the key and deploying secure Cloud services is the first step towards that, a top State Bank of India...
By Meghna Mittal, New Delhi, (IANS) : With a slew of reforms and push from the government, affordable housing -- so far the poor second-cousin of real estate -- is emerging as the preferred segment for housing finance institutions and developers alike, say industry...
Mumbai, (IANS) : Indian firms' external commercial borrowings (ECBs) in April went up more than three-fold to $1.30 billion, while ECBs were at $304.57 million in the same month of 2016, the Reserve Bank of India (RBI) has said. According to RBI data released here on...
By Vishal Gulati, New Delhi, (IANS) : The state-owned conglomerate NTPC Ltd -- long associated with coal-fired power generation -- is poised to facilitate India's bid to achieve its ambitious national renewable energy targets. This, at a time overseas investors are...
Gandhinagar, (IANS) : The 21st century will not only belong to Asia but also to Africa, hence India and Africa should navigate the journey together to shape their common future, Finance Minister Arun Jaitley said on Tuesday. Addressing the 52nd annual meeting of the...
Agartala, (IANS) : State-owned ONGC Tripura Power Company (OTPC), which operates a 726 MW gas-based combined-cycle power plant in Tripura, posted a record profit of 906 per cent in 2016-17 compared to the previous fiscal, it was announced here on Saturday. "The OTPC...
Kolkata, (IANS) : Arguing in favour of workforce standardisation in the banking and financial sectors, Reserve Bank of India Deputy Governor Viral Acharya on Friday urged the banks to come up with leadership and initiative to achieve the goal. "Workforce...
Kolkata, (IANS) : Public sector lender Allahabad Bank is looking to reduce its exposure to corporate lending from 65 per cent of its total loan book to 50 percent for risk mitigation, its MD and CEO Usha Ananthasubramanian said on Wednesday. "There is a shift...
New Delhi, (IANS) : In a survey conducted during March and April 2017, industry chamber Federation of Indian Chambers of Commerce and Industry (FICCI) predicted India's gross domestic product (GDP) growth will be around 7.4 per cent for fiscal 2017-18, with a minimum...