Washington, Demonetisation and the Goods and Services Tax (GST) are the two major headwinds that held back India’s economic growth last year, former RBI Governor Raghuram Rajan has said, asserting that the current seven per cent growth rate is not enough to meet the country’s needs. Addressing an audience at the University of California in […]
New Delhi : In line with the price hike announced earlier, the cost of petrol and diesel across India has been hiked as of 6:00 a.m. this morning.As per the Indian Oil Corporation website, prices of non-branded petrol have been revised to Rs. 75.61 per litre in Delhi, Rs. 76.83 per litre in Bengaluru, Rs. 78.29 per litre in […]
Amid reports of the country’s largest lender State Bank of India lowering of maintenance of monthly average balance (MAB) charges to Rs 15 per month on Tuesday, a reply to an RTI query has revealed that the bank has closed as many as 41.16 lakh savings accounts between April-January in the current fiscal year for […]
New Delhi : Apex trade association ASSOCHAM on Sunday said that all out efforts must be made by banks, regulators, government and India Inc to limit the collateral damage from the alleged fraud in the Punjab National Bank (PNB) row. The trade body also cautioned that an over-reaction by the banks and the investigative agencies would hurt essential credit […]
Mumbai:The Reserve Bank today said it has imposed a penalty of Rs 3 crore on Axis Bank for violation of NPA classification norms, and Rs 2 crore on Indian Overseas Bank for not complying with the KYC regulations.RBI said it had carried out a statutory inspection of private sector player Axis Bank with reference to […]
New Delhi: Finance Minister Arun Jaitley on Saturday said cases of willful default and bank fraud will have a detrimental impact on the government’s objective of ensuring ease of doing business. Speaking at the ET Global Business Summit 2018 here, Jaitley said repeated occurrence of fraud causes major setbacks to efforts for improving ease of doing business, and this subsequently creates […]
Mumbai: Snapping its three-day losing streak, the BSE Sensex today recovered by over 141 points on value-buying by domestic investors in IT, banking, FMCG and oil and gas stocks amid firming trend on Asian bourses. Also, a slide in crude oil prices boosted sentiments. However, investors appeared cautious ahead of the expiry of derivative contracts for […]
Mumbai: The benchmark BSE Sensex dropped 195 points or 0.57 per cent in afternoon trade due to increased selling in bluechips led by Tata Steel , SBI and Larsen & Toubro. Metals, industrials, banks, financials, telecom, realty, FMCG and oil&gas stocks declined. The BSE Sensex trading down 194.17 points or 0.57 per cent at 33,816.59 186.29 […]
New Delhi [India], Feb 15 (ANI-NewsVoir): Education and reforms are the need of the hour and the 2018-19 Budget did not leave any stone unturned to ensure that the sector gets it’s much required boost and support. The 2018-19 budget clearly defined how serious the government is to uplift the status of education in the country and […]
Mumbai: Stocks staged a strong comeback in early trade with the BSE Sensex gaining over 260 points and the Nifty recaputuring the 10,500-level on continued buying by domestic funds ahead of inflation data to be released after market hours on Monday. Asian markets were also trading in the green after a late-day rally on Wall Street […]