Arun Jaitley says no plan to tax farm income
India`s finance minister Arun Jaitley said on Wednesday that the government has no plans to tax agricultural income, a day after a senior economic adviser touched a political nerve by proposing farmers pay income tax like people in cities.
Apr 26, 2017, 20:59 PM IST
RBI promises more effective steps to tackle NPA pains
The former commercial banker cautioned that the current situation will put a pressure on capital for the banks, especially for the state-run ones.
Apr 06, 2017, 18:51 PM IST
Favourable domestic factors to accelerate growth: RBI
The Reserve Bank of India on Thursday said economic growth in the current fiscal will accelerate to 7.4 percent compared to 6.7 percent in 2016-17 on the back of several favourable domestic factors and improvement in global environment.
Apr 06, 2017, 16:25 PM IST
RBI monetary policy review of 2017-18: Key highlights
RBI left its benchmark lending rate unchanged at 6.25 percent for the third policy review in a row citing upside risk to inflation.
Apr 06, 2017, 15:23 PM IST
Need a well capitalised banking sector to support economy: RBI Guv Urjit Patel
Stating that liquidity has surged in the system post demonetisation, Patel said that RBI will continue to provide sufficient liquidity through LAF.
Apr 06, 2017, 15:02 PM IST
RBI Monetary Policy: Urjit Patel brings no respite to borrowers; hikes reverse repo rate to 6%
RBI kept its repo rate unchanged at 6.25 percent for a third consecutive policy meeting on Thursday while it has raised the reverse repo rate.
Apr 06, 2017, 14:29 PM IST
RBI monetary policy to be presented today; likely to hold interest rates
The Monetary Policy Committee, headed by RBI Governor Urjit Patel, began its 2-day meeting yesterday amid experts saying that the central bank is likely to hold the rate.
Apr 06, 2017, 08:58 AM IST
RBI monetary policy review: Change in interest rates unlikely
The Reserve Bank of India (RBI) is likely to keep interest rates unchanged at its first bi-monthly monetary policy review of this fiscal due on Thursday.
Apr 05, 2017, 13:46 PM IST
Waive loans of all drought affected farmers: Madras HC to Tamil Nadu govt
In a significant order, the Madras High Court on Tuesday directed the Tamil Nadu government to waive loans of all drought-hit farmers and restrained cooperative societies and banks from recovering their dues.
Apr 04, 2017, 16:22 PM IST
Less than 2% loan outstanding against Vijay Mallya recovered so far
Public sector banks have been able to recover only a fraction of the more than Rs 8,000 crore loan outstanding against embattled businessman Vijay Mallya, Parliament was informed on Tuesday.
Mar 21, 2017, 17:20 PM IST
Have become a political football between two major Indian political parties as evident in election speeches: Vijay Mallya
Vijay Mallya, the beleaguered liquor baron who co-owns the Force India Formula One team, said on Wednesday that Indian authorities had no grounds to extradite him from Britain and he would not be leaving.
Feb 23, 2017, 09:44 AM IST
IDBI Bank Q3 loss widens to Rs 2,255 crore as bad loans soar
Public sector lender IDBI Bank's net loss widened further to Rs 2,254.96 crore in the third quarter of 2016-17 due to higher provisions for rising bad loans and fall in income.
Feb 07, 2017, 16:50 PM IST
IDBI Bank reduces MCLR by up to 0.35%; effective February 1
State-run IDBI Bank Monday said it has reduced its marginal cost of funds based lending rate (MCLR) by 30-35 basis points across various tenors, effective February 1.
Feb 06, 2017, 17:59 PM IST
Efficiencies make HDFC Bank staff count drop by 4,581 in Q3
Country's second biggest private lender HDFC Bank has rationalised its staff by 4,581 employees in a single quarter courtesy efficiencies in the system and lower hiring.
Jan 26, 2017, 17:08 PM IST
Vijay Mallya Rs 9,000 cr loan case: DRT to pronounce its final verdict on Thursday
The now-defunct Kingfisher Airlines owes over Rs 9,000 crore in loan to the SBI-led consortium of 17 banks.
Jan 18, 2017, 16:33 PM IST
Loans to be cheaper as Axis Bank cuts MCLR by up to 0.70%
Loans will soon be cheaper as country's third largest private sector lender Axis Bank on Friday cut its interest offering by up to 0.70 per cent. The latest rate cut is being seen as a move following similar moves by all the major players in the system due to high liquidity post demonetisation.
Jan 13, 2017, 16:43 PM IST
Reports on the cheap loans offered by banks | Part II
Reports on the cheap loans offered by banks. Watch this special segment and get to know more here.
Jan 11, 2017, 23:59 PM IST
Reports on the cheap loans offered by banks | Part I
Reports on the cheap loans offered by banks. Watch this special segment and get to know more here.
Jan 11, 2017, 23:58 PM IST
Rate cut bandwagon: 3 more banks slash lending rates by up to 1%
Three more banks including Syndicate Bank and Citi India on Friday reduced benchmark lending rates by up to 1 percent, joining others in the rate cut bandwagon.
Jan 06, 2017, 20:42 PM IST
Rate cut bandwagon: HDFC Bank, Canara Bank cut lending rates by up to 0.9%
Home and other loans are all set to be cheaper as major banks such HDFC Bank and Canara Bank joined the rate cut bandwagon by cutting lending rates up to 0.9 percent.
Jan 04, 2017, 22:54 PM IST
