Mumbai: The Reserve Bank on Tuesday said growth is expected to fall below 5 per cent in 2013-14 in absence of pick-up in manufacturing sector, but likely to recover to 5.5 per cent in the
Mumbai: SBI Mutual Fund on Monday opened 51 branches at one go in non-metro and smaller centres spread across 23 states and one Union Territory to garner investible surplus available in such areas. These branches
New Delhi: Reserve Bank Governor Raghuram Rajan on Tuesday again surprised the markets and raised the key policy rate by 0.25 per cent to 8 per cent in a bid to curb inflation, a move
Mumbai: Country's largest lender SBI today said it has not taken a call on its proposed Rs 11,500 crore qualified institutional placement as markets remain weak. “I cannot, at this point, tell you anything (on
Mumbai: Market regulator Sebi will soon come out with a long-term policy for mutual funds to help the industry create more understanding and better positioning of products amongst investors as fund houses have lost their
Mumbai: Out of over 900 million mobile phones and over 450 million bank accounts, only 67 million cell phones are linked to bank accounts, underscoring the huge unfinished agenda of mobile banking in the country,
Mumbai: ndia Ratings has retained its negative outlook for the retail sector the next fiscal as well with a stable bias, and ruled out revising it to positive near-term.Moderate single-digit revenue growth and operational efficiencies
New Delhi: Reserve Bank Governor Raghuram Rajan today said the order withdrawing all currency notes printed before 2005 was not an attempt at demonetisation or had anything to do with the general elections.He also made
Mumbai: The Reserve Bank on Wednesday decided to withdraw all currency notes issued prior to 2005, including Rs 500 and Rs 1,000 denominations, after March 31 in a move apparently aimed at curbing black money
New Delhi: The worst is over for India's economy, though growth may reach its potential only next year, with GDP expansion likely to touch 5 to 5.5 per cent this year and more than 6
Islamabad: India and Pakistan are working on allowing three banks to set up branches on each other's soil to help improve trade relations.In August 2012, it was announced that both sides have agreed to issue
New Delhi: India's growth rate is expected to slip to 4.9 per cent in the current fiscal but will improve significantly to 5.6 per cent in 2014-15, India Ratings said today. "Our expectation for improved growth
Mumbai: The Securities and Exchange Board (Sebi) today adjourned to February 12 hearing on the eligibility of Financial Technologies (India) Ltd, whose group entity NSEL is at the centre of a scam, to run stock
New Delhi: The first-of-its-kind amnesty scheme for service tax defaulters, which ended last month, may result in realisation of about Rs 6,000 crore of additional revenue for the government.The Voluntary Compliance Encouragement Scheme (VCES), which
Sivaganga (TN): As part of taking banking services to rural areas, the Centre has revised its target upwards to opening 10,000 new bank branches a year, according to Union Finance Minister P Chidambaram.Earlier, there was
New Delhi: Relaxing FDI norms, the Reserve Bank of India today gave foreign investors an option to exit their investments by selling their holdings of equity or debt.“It is expected that this relaxation will facilitate
Mumbai: The rupee recovered from initial losses and settled at the overnight closing level of 62.07 against the dollar today after a late bout of sales by exporters as the US currency weakened overseas. Fresh
Mumbai: Jignesh Shah, promoter of scam-hit National Spot Exchange Ltd (NSEL), was today grilled by police for several hours even as the ongoing probe showed some broking firms and their directors had linked up with
Mumbai: People seeking loan against gold jewellery can now borrow more, as the Reserve Bank today allowed NBFCs to lend up to 75 per cent of the value of metal from 60 per cent at
Mumbai: Jignesh Shah promoted-Financial Technologies India Ltd today urged the Bombay High Court to grant temporary protection from the order of Forward Market Commission (FMC) seeking reduction of its shareholding in Multi-Commodity Exchange from 26
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