Vadodara: Bank employees will observe a country-wide strike on December 2, a leading union said today.All-India Bank Employees Association (AIBEA) General Secretary C H Venkatchalam said the strike call is to press for addressing issues
Hyderabad: Reserve Bank Governor Raghuram Rajan on Friday said there is a need to check flaws in the banking system to ensure that defaulters are not let off scot-free.“We have to check the flaws in
Mumbai: Reserve Bank has issued guidelines for the Gold Monetisation Scheme that allow banks to fix their own interest rates on gold deposits.The RBI notification in this regard comes ahead of the formal launch of
New Delhi: In a bid to surpass competition from China and other countries keen to be part of the first bullet train project, Japan has offered financial support besides technology for India's ambitious rail project.
New Delhi: Notwithstanding the fact that overall inflation has fallen strikingly in last few months, its benefits have not been equally distributed with the rate of price rise running higher in rural areas than in
New Delhi: Anti-graft watch dog Central Vigilance Commission has sought a report from the CBI and Bank of Baroda in connection with an on-going probe in alleged fraudulent transactions of Rs 6,100 crore to Hong
New Delhi: The public sector banks (PSBs) said on Wednesday that their major problem of nonperforming assets (NPAs), or bad loans, could continue for another two to three quarters."The issue of poor asset quality was
New Delhi: The Cabinet Wednesday decided to double the wage ceiling for calculating bonus to Rs 7,000 per month for factory workers and establishments with 20 or more workers."The Payment of Bonus (Amendment) Bill, 2015
Mumbai: Reliance Capital, a part of the Anil Ambani-led group, on Wednesday said it is acquiring Goldman Sachs Asset Management's onshore business in India like mutual funds and exchange-traded funds for Rs.243 crore ($37.5 million)
New Delhi: The Narendra Modi government has prepared a draft bill proposing to curtail exclusive powers of RBI Governor in setting monetary policy.According to a NDTV report, the bill proposes a seven-member committee including four
Mumbai: Even as many NBFCs are fearing a possible loss of their business to upcoming small finance and payments banks, leading non-banking lender JM Financial today said it does not see any such threats as
New Delhi: Prime Minister Narendra Modi will launch the first ever 'India gold coin' bearing Ashok Chakra and other schemes on November 5.Besides launching Ashok Chakra bearing coins of 5 gm and 10 gm, Modi
New Delhi: Global agency Standard and Poor's (S&P) on Monday ruled out any rating upgrade for India, though it said improvement in policymaking have raised the country's prospect for economic and fiscal performance.The agency retained
New Delhi: Prime Minister Narendra Modi today said the government has initiated a series of banking reforms including re-capitalisation of PSU banks, change in rules for hiring top management and paper-less transactions to curb the
Mumbai: Reserve Bank Governor Raghuram Rajan today slammed International Monetary Fund for staying on the sidelines and applauding accommodative policies of developed nations which have created ripples in the emerging markets.He said central banks across
Mumbai: Reserve Bank Governor Raghuram Rajan today said the country cannot have a GDP growth of 9 per cent until it makes “tremendous investments” and improves supply situation that boosts demand, but warned against populist
Mumbai: Reserve Bank Governor Raghuram Rajan today underlined the need to make taxation more transparent so that the Indian economy is able to attract stable inflow of foreign capital for strong growth.He also called for
Beijing: China's economic growth decelerated in the latest quarter but relatively robust spending by Chinese consumers helped to avert a deeper downturn.The world's second-largest economy grew by 6.9%$ in the three months ended in September,
Chennai: More than measuring insurance penetration as a measure of premium income, it is important to quantify it as a measure of financial and social progress, states a joint research report by ASSOCHAM and credit
Mumbai: A strengthening rupee, buoyant equity markets coupled with a fall in dollar value boosted India's foreign exchange (Forex) kitty by $2.26 billion, experts said on Saturday.Overall, the Forex reserves stood at $353.06 billion for
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