Economy and Policy

  • April 15: The Reserve Bank of India's 'fit and proper' criterion for issuing new banking licenses does not contradict with its financial inclusion plan. Hence the apex bank should not compromise on it, ...

  • April 15: The Reserve Bank of India may not give its consent to promoters to take over the role of chief executive officers (CEOs) at upcoming new private banks, a senior RBI official told The Financial Express. The central bank had made a mistake of granting permission to private banks to make their promoters as CEOs …

  • April 15: Management of state-run lenders should be held responsible for wrong assessment of credit worthiness rather than the ministry of finance, which results in increase in bad loans, former Reserve ...

  • April 15: Indiabulls Housing Finance Ltd Monday said that it will declare financial results for the 2013-14 fiscal on April 23, 2014. The firm's board is scheduled to meet on April 23 to discuss and take ...

  • April 16: The ministry of finance has offered a capital injection of Rs 700 million into state-run banks for their participation in government's funding for lending scheme launched last year, The Economic Times reported. However, bankers have expressed their resentment over the amount of capital infusion announced and …

  • Capital infusion in PSBs highly required:S Contify Banking - 10 hours ago

    April 16: The new government would have to infuse additional capital into state-run banks for better asset quality, according to recent report released by global ratings firm Standard & Poor's. The next government would have to maintain equilibrium within capital infusion and medium-term fiscal consolidation, keeping in …

  • April 18: State-run lender Bank of Maharashtra Wednesday increased its base rate by 15 bps (basis points) to 10.40% from 10.25% on monthly compounding basis. The revised rates will come into effect from ...

  • April 18: The Reserve Bank of India has announced relaxation of norms for selection of its executive directors, Business Standard reported. The central bank has trimmed the service period for an applicant ...

  • April 18: Global IT services firm HCL Technologies Ltd has posted 59% growth in its net profit at Rs 16.24 billion for the third quarter ended on March 31, 2014 as compared to Rs 10.2 billion in the corresponding ...

  • April 18: Real estate firm Arihant Group will make an investment of Rs 1.75 billion in the coming three years in a housing project in Faridabad, Haryana. Under the project, the firm will build 12-storey ...

  • New Delhi, April 18 (IANS) Pitching for a "Team India", BJP prime ministerial candidate Narendra Modi said Friday his appeal would not be to Hindus and Muslims but to the entire people of the country. Holding that the country has been divided in the name of secularism, Modi said: "I cannot accept a divide between brothers …

  • New Delhi, April 18 (IANS) A pan-India goods and services tax with the support of state governments, a push for infrastructure and privatisation of state units without politics are among the assurances of BJP's prime ministerial candidate Narendra Modi if voted to power. In an interview to a TV channel, with remarks in …

  • A man walks past a Reliance Industries Limited sign board installed on a road divider in Gandhinagar

    Energy company Reliance Industries Ltd (RELI.NS) posted nearly flat fourth-quarter profits, in line with estimates, as a slimmer margin in its oil refining business offset higher revenue. Reliance, which operates the world's biggest refining complex in western India, reported net profit of 56.31 billion rupees for the …

  • New Delhi, April 18 (IANS) With Prime Minister Manmohan Singh set to lay down office in about a month, his communication adviser made a belated attempt to redeem his battered image, suggesting that even that the media, especially television, did not take enough note about the all-round progress of the country and the prime …

  • Bhubaneswar, April 18 (IANS) The National Human Rights Commission (NHRC) has sought a report from the health ministry on the action taken to stop the use of calcium carbide for the artificial ripening of fruit, a petitioner said Friday. In response to a petition filed by Odisha-based human rights campaigner Akhand, the …

More »