Depository of News

Finance

From trade war to Turkey's lira crisis, factors that led to rupee's decline

Rupee bleeds on geopolitical and macro stress; breakdown 70 mark to hit lifelow Forex: The gusty rupee went into a tailspin and suffered one of its worst stretches in history - crashing mercilessly to breach the key psychological 70-mark to end at a l
Finance

From trade war to Turkey's lira crisis, factors that led to rupee's decline

Rupee bleeds on geopolitical and macro stress; breakdown 70 mark to hit lifelow Forex: The gusty rupee went into a tailspin and suffered one of its worst stretches in history - crashing mercilessly to breach the key psychological 70-mark to end at a life-time low of 70.15 against the resurgent US dollar. An unprecedented speculative sell-off alongwith heavy dollar demand from importers sent the domestic unit tumbling by a steep 132 paise - its biggest weekly fall this year so far despite government's soothing rhetoric. The Indian unit collapsed to a life-time low of 70.40, triggering currency market intervention by the central bank to defend the beleaguered rupee. Panic and capitulation overshadowed trading sentiment as traders and speculators saw no signs that monetary authorities would

Bad loans of listed domestic banks shrink by Rs 220 billion in Q1

Persistent efforts of recovery from a variety of loans - large-size, medium-size and small enterprises, retail and farm sector - are beginning to bear fruits
Finance

Bad loans of listed domestic banks shrink by Rs 220 billion in Q1

Persistent efforts of recovery from a variety of loans - large-size, medium-size and small enterprises, retail and farm sector - are beginning to bear fruits

Banks set to get data rich with UPI 2.0; likely to boost credit scoring

The updated payments system comes with new features such as the ability for people to link their overdraft accounts to the UPI app
Finance

Banks set to get data rich with UPI 2.0; likely to boost credit scoring

The updated payments system comes with new features such as the ability for people to link their overdraft accounts to the UPI app

MPC minutes of RBI: Inflation fears, driven by oil prices, led to rate hike

The MPC members raised concerns about the risk to the inflation target due to the impact from MSP rise for crops, elevated crude prices and other factors
Finance

MPC minutes of RBI: Inflation fears, driven by oil prices, led to rate hike

The MPC members raised concerns about the risk to the inflation target due to the impact from MSP rise for crops, elevated crude prices and other factors

Canara Bank to hire social media agency for customer outreach and promotion

The bank is looking for a social media service provider who can assist in creating and managing a strong social media presence
Finance

Canara Bank to hire social media agency for customer outreach and promotion

The bank is looking for a social media service provider who can assist in creating and managing a strong social media presence

India Post Payments Bank launch by PM Modi on Aug 21 to be a grand affair

The IPPB, which has already been delayed by several months, is currently running pilot services in Raipur and Ranchi
Finance

India Post Payments Bank launch by PM Modi on Aug 21 to be a grand affair

The IPPB, which has already been delayed by several months, is currently running pilot services in Raipur and Ranchi

Rs 900 mn Cosmos Bank fraud: NPCI says its systems 'fully secure'

The fraudulent transactions were carried out on August 11 and August 13 and the malware attack by the hackers originated in Canada
Finance

Rs 900 mn Cosmos Bank fraud: NPCI says its systems 'fully secure'

The fraudulent transactions were carried out on August 11 and August 13 and the malware attack by the hackers originated in Canada

NPCI blames Cosmos for the bank's Rs 940 million loss in Malware attacks

The Indian banking industry went in shudders on Tuesday after the Cosmos Bank admitted that it fell victim to an international group of hackers
Finance

NPCI blames Cosmos for the bank's Rs 940 million loss in Malware attacks

The Indian banking industry went in shudders on Tuesday after the Cosmos Bank admitted that it fell victim to an international group of hackers

India benefitting from weakness in emerging markets, says Citibank

Most investors remain worried over absolute returns, owing to rising interest rates, crude oil prices and upcoming elections, Says Citibank
Finance

India benefitting from weakness in emerging markets, says Citibank

Most investors remain worried over absolute returns, owing to rising interest rates, crude oil prices and upcoming elections, Says Citibank

IDBI hikes marginal cost of funds based lending rate by up to 0.10%

For overnight and one-month tenor loans, the MCLR are increased by 0.05 per cent each to 8 per cent and 8.25 per cent respectively
Finance

IDBI hikes marginal cost of funds based lending rate by up to 0.10%

For overnight and one-month tenor loans, the MCLR are increased by 0.05 per cent each to 8 per cent and 8.25 per cent respectively

Rupee breaches 70-mark against dollar, experts say volatility manageable

From the end of March 2018 to August 3, India's foreign exchange reserves were down by $21.84 billion to $402.70 billion
Finance

Rupee breaches 70-mark against dollar, experts say volatility manageable

From the end of March 2018 to August 3, India's foreign exchange reserves were down by $21.84 billion to $402.70 billion

PNB fraud: Allahabad Bank says Ananthasubramanian ceases to be MD & CEO

State-owned Allahabad Bank today said Usha Ananthasubramanian no longer heads the bank following the Finance Ministry directive yesterday to remove her from the post. «We have to inform you that the Ministry of Finance, Department of Financial Service
Finance

PNB fraud: Allahabad Bank says Ananthasubramanian ceases to be MD & CEO

State-owned Allahabad Bank today said Usha Ananthasubramanian no longer heads the bank following the Finance Ministry directive yesterday to remove her from the post. «We have to inform you that the Ministry of Finance, Department of Financial Services vide notification dated August 13, 2018, has notified that...in exercise of powers under section 9 of the Banking Companies Act, 1970 the central government hereby removes Usha Ananthasubramanian, from the office of Managing Director and Chief Executive Officer of Allahabad Bank, with immediate effect,» the bank said in a regulatory filing. Accordingly, Usha Ananthasubramanian has ceased to be the MD&CEO of the bank with effect from the date of aforesaid government notification, it said. She was divested of her powers as the head of the bank three months ago as a fallout of the Rs 14,000 crore fraud at Punjab National Bank after being named in the probe agency CBI's chargesheet. Ananthasubramanian was heading PNB before taking ...

IDBI Bank posts Rs 24.10 bn loss in Q1, hurt by higher provisioning of NPAs

The total income of the bank for the quarter under review also declined to Rs 64.02 billion, as against Rs 67.03 billion a year ago
Finance

IDBI Bank posts Rs 24.10 bn loss in Q1, hurt by higher provisioning of NPAs

The total income of the bank for the quarter under review also declined to Rs 64.02 billion, as against Rs 67.03 billion a year ago

Actual Facts

Popular Reports

Contacts | Privacy Policy | Terms of Use
Twitter Facebook Google +