Troubled Lakshmi Vilas Bank gets board nod to raise Rs 500 cr via rights issue

Troubled Lakshmi Vilas Bank gets board nod to raise Rs 500 cr via rights issue

MUMBAI:Lakshmi Vilas Bank, which badly needs capital to meet regulatory requirements, has got board ..

SBI is on threshold of new dawn: Rajnish Kumar in farewell speech

SBI is on threshold of new dawn: Rajnish Kumar in farewell speech

My dear colleagues,The time has come for me to say goodbye to you all. After serving this wonderful ..

Inflation to haunt RBI, rate cut hopes wane

Inflation to haunt RBI, rate cut hopes wane

MUMBAI: Rising food prices pushed up wholesale price inflation (WPI) in September, which reached a s..

IMF expects India's GDP contraction to deepen to 10.3% in FY21

IMF expects India's GDP contraction to deepen to 10.3% in FY21

The Reserve Bank of India (RBI) on Friday cut its GDP growth forecast for this fiscal to 9.5% from i..

Kotak launches debit & credit card payments via Google Pay

Kotak launches debit & credit card payments via Google Pay

Kotak Mahindra Bank today announced that its VISA debit and credit cardholders can now make payments..

Retail inflation up 7.61% in Oct due to food prices

Retail inflation up 7.61% in Oct due to food prices

The growth rate of India's retail inflation climbed 7.61% in October, the highest since May 2014, du..

RBI leaves headroom for banks to price home loans cheaper

RBI leaves headroom for banks to price home loans cheaper

Banks now have leeway to cut interest rates on home loans after the Reserve Bank of India (RBI) lowe..

RBI infuses liquidity for banks to lend

RBI infuses liquidity for banks to lend

MUMBAI: The Reserve Bank of India (RBI) fell back on liquidity-enhancing measures to cap interest ra..

RBI makes RTGS funds transfer anytime service

RBI makes RTGS funds transfer anytime service

MUMBAI: India will become one of the few countries in the world to offer the real-time gross settlem..

Surge in digital payments

Surge in digital payments

MUMBAI: Digital payments are on a steep climb. For the five financial years beginning 2015-16, the v..

GDP contraction at 9.5% in FY21, Q4 may turn positive: RBI guv

GDP contraction at 9.5% in FY21, Q4 may turn positive: RBI guv

The Reserve Bank of India (RBI) sees the Indian economy contracting 9.5% this fiscal as a result of ..

Dinesh Khara is new SBI chairman

Dinesh Khara is new SBI chairman

Dinesh Kumar Khara is the new State Bank of India chairman. He replaces Rajnish Kumar, who completed..

Decks cleared for credit policy after MPC gets reconstituted

Decks cleared for credit policy after MPC gets reconstituted

MUMBAI: After a surprise cancellation of the credit policy meet scheduled for 1 October, the governm..

Edelweiss ARC's growth plans in COVID-ravaged year

Edelweiss ARC's growth plans in COVID-ravaged year

After leading Edelweiss ARC to a record recovery in FY20, managing director and CEO RK Bansal stares..

Household stress building up, bank credit growth sluggish

Household stress building up, bank credit growth sluggish

My sister, a homemaker, wanted to buy an SUV, but she postponed the decision after her husband had a..