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DHFL stock plunged more than 3.5 per cent on Tuesday on reports that the MHA had issued a lookout notice against the promoters of the company over non-existent shell companies.

UTI MF writes off entire exposure to DHFL

DHFL failed to make interest and principal payments that were due on June 4.

8 Jun 2019 1:40 AM IST

State Bank of India

SBI to offer repo-linked home loans from July 1

According to experts, the new category of home loans linked to repo rate may see quicker transmission.

8 Jun 2019 1:39 AM IST

Reserve Bank of India (RBI)

RBI sets new stressed assets norms

Lenders get 180 days to resolve default under new framework.

8 Jun 2019 1:39 AM IST

The revivalist RSS has backed the clergy although the Supreme Court has permitted all women to enter the shrine as equal citizens. (Representational image)

New NPA resolution norms soon

The SC had clarified that the Centre has to authorise the RBI to issue direction to banks/non-banks if it were an...

7 Jun 2019 6:56 AM IST

Reserve Bank of India, RBI, is a banking regulator. It also calculates and fixes repo rate. (Photo: AFP)

RBI cuts key rate 0.25 per cent, loans might get cheaper

All the six members of the MPC voted in favour of a rate cut as well as change in policy stance.

7 Jun 2019 2:34 AM IST

The Centre, in its move towards a digital economy may soon ban cheques. (Photo: Pixabay)

Cheque payments refuse to go in a hurry here

India's cheque volume declined by 10.8 per cent between 2012 and 2017 at a CAGR of two per cent.

6 Jun 2019 12:55 AM IST

Global rating agency Fitch on Monday slashed its GDP forecast for India for FY18 saying growth has repeatedly disappointed in recent quarters.

Fitch cuts ICICI, Axis rating

BB rating indicates speculative grade and BBB points to good credit quality.

4 Jun 2019 2:18 AM IST

Reserve Bank of India (RBI)

Batliboi barred from auditing banks

The central bank added that the action taken in the matter has been communicated to the Institute of Chartered...

4 Jun 2019 2:18 AM IST

A fall in US treasury yields and bets for the US interest rate cut weighted on the greenback.

Rupee, bond rally on global, local tailwinds

The rupee ended higher by 42 paise at 69.25 on Monday compared to its previous closing.

4 Jun 2019 2:18 AM IST

Reserve Bank of India (RBI)

RBI may keep rates on hold this time

Weak monetary policy transmission could be a major concern when the MPC meets for 3 days from today.

3 Jun 2019 2:48 AM IST

Shares of DHFL were up 4.5 per cent at 128.80 rupees.

DHFL to file results late

The mortgage lender attributed the delay to submissions to be made under the (Indian Accounting Standards) Rules, 2015.

31 May 2019 2:05 AM IST

US Treasury Department continues to keep China in the list.

US removes India from currency monitoring list

India meets only one out of the three criteria, a significant bilateral surplus with the US in the list.

30 May 2019 2:28 AM IST