Non-Performing Assets Hit Banks' Profitability In 2018: RBI

The consolidated balance sheet of NBFCs expanded in 2017-18 and during the first-half of 2018-19, the RBI said.

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SBI Flexi Deposit Scheme: How It Works, Tenure And Other Details

SBI or State Bank of India, the country's largest lender, offers the option of opening a flexi deposit account under its personal banking portfolio. SBI's flexi deposit scheme is similar to recurring...

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Centre Takes Action On More Than 6,000 Bank Officials Over Bad Loans

The 19 nationalised banks, including PNB and Canara Bank, reported a net loss of Rs 21,388 crore in the first half of the fiscal. This compares with a combined loss Rs 6,861 crore in the similar...

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IDBI Bank Allots Shares Worth Rs 14,500 Crore To LIC

The move was part of the ongoing acquisition of a controlling stake in the bank by the insurance company.

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Rupee Moves Above 70-Mark Against Dollar

Analysts said a weak dollar overseas and oil supply glut concerns propped up the domestic currency.

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Government Doubles Export Incentives For Onion Farmers

The export incentive programme allows farmers to get a credit from the government, which can be used to pay various taxes.

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Gold Prices Rise By 170 Rupees On Firm Global Cues

In Delhi, gold of 99.9 per cent and 99.5 per cent purities rose by Rs 170 each to Rs 32,620 and Rs 32,470 per 10 grams, respectively.

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