The overall picture emerging from the latest data on bank credit highlights the lack of fundamental reform in the banking sector read more

The currency was also buoyed on reports that India has lined up alternate sources to make up for likely shortfall in crude supplies, forex dealers said. read more

Ambedkar, incidentally, is being wooed by the Congress-NCP alliance and has been offered four seats. However, he has been demanding 12 seats which the alliance is unlikely to accept. read more

Illegitimate money has many forms. It is black money if it comes from tax-evasion, pink money if its source is drugs and red money if it’s crime. read more

Gandhi, who is in the United Arab Emirates (UAE) on the second day of his maiden visit to the country, said India did not force one idea on the people and can absorb multiple ideas. read more

SBI’s sale will help bolster its capital buffers as it attempts to grow loans at a faster pace. read more

Indirectly blaming the bankers for the NPA mess, Gadkari said our banking system is such that it does not support sick companies. read more

Noting that there has long been a legacy of corporate debt associated with bad infrastructure projects in India, Obstfeld said it has been very concentrated in banking system. read more

The RBI governor appeared before the panel days after the central bank’s face-off with the finance ministry over issues ranging from appropriate size of reserves to be maintained by RBI to easing of lending norms for small and medium enterprises. read more

NDA government rescued and strengthened economy left in shambles by the UPA, the Union minister said at the Hindustan Times Leadership Summit 2018 read more

In 2013, India bore much of the brunt of the “taper tantrum.” read more

The government will continue to provide capital support to the merged bank, expected to be India’s third largest. read more

The government earlier this month relaunched PMJDY as an open-ended scheme with higher insurance cover and double the overdraft facility. read more

It turns out that net financial savings for the fiscal year that ended March 31 were 7.1% of overall disposable income — less than the average for the five years prior to demonetisation. read more

Finance minister Arun Jaitley wrote that the positive impacts of demonetisation included the formalisation of economy, more money in the system, higher tax revenue, higher expenditure and higher growth after the first two quarters. read more