Finance - general

27 Jun 2019

Promoters of Sterling Biotech diverted loan funds for non-mandated purposes, layered and laundered through a web of multiple domestic as well as offshore entities, siphoned off loan funds to finance their Nigerian oil business, and even used these for their personal purposes, the ED stated

27 Jun 2019

While there is no bar on processing of payment transactions outside India, if so desired by the payment system operators (PSOs), RBI said such data should be deleted there and brought back to India within 24 hours

26 Jun 2019

26 Jun 2019

The committee wants the government to make it mandatory for PSUs/government departments to procure the mandated 25 per cent from MSEs through the GeM portal and further develop the portal as a full-fledged market place for MSE sellers

26 Jun 2019

Asset quality of banks has greatly improved, which is reflected in 45 per cent year-on-year reduction in slippage into non-performing assets (NPAs) in FY 2018-19, and 63 per cent reduction in 31 to 90 days overdue corporate accounts by March 2019 from their peak level in June 2017, says the finance ministry

24 Jun 2019

Although Acharya has not announced his plans yet, since the timing of his resignation coincides with the start of academic term in the US, he must probably be returning to academia

24 Jun 2019

24 Jun 2019

24 Jun 2019

19 Jun 2019

The revised loan limits would be applicable to more units once the government approves the proposal for a turnover-based criteria that has been set at Rs5 crore for micro units, up to Rs75 crore for small units and up to Rs250 crore for medium enterprises

18 Jun 2019

12 Jun 2019

12 Jun 2019

11 Jun 2019

Ambani said the repayments were made in the face of heavy odds as regulatory bodies and courts are yet to pass final orders on claims aggregating to over Rs30,000 crore that are due for more than 5-10 years to various group companies

10 Jun 2019

07 Jun 2019

While the charges for NEFT are in the range of Re1 to Rs5, and that for RTGS are between Rs5 and Rs50, the move is expected to attract more participants

04 Jun 2019

The committee, headed by Nandan Nilekani, has suggested that the government take the lead in digitisation of payments besides an increased focus on low value high volume low-cost transactions to achieve a ten-fold increase in digital payment volumes

03 Jun 2019

23 May 2019

22 May 2019

British Steel has already secured government loan of around 120 million pounds ($154 million) and the only option for the government is to take over the business

22 May 2019

The merger of its supervisory departments to form a specialised cadre is aimed at strengthening the supervision and regulation of commercial banks, urban cooperative banks and non-banking financial companies

14 May 2019

13 May 2019

09 May 2019

09 May 2019

In the context of horizontal devolution of union taxes among states, bankers said, fiscal discipline, transparency, governance improvements and revenue raising efforts should be factored in appropriately for credit rating of states