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After touching an all-time low of 72.11 a dollar, the rupee finally closed the day at 71.99 a dollar, down 0.32 per cent from its Wednesdays close of 71.76.

Re rises 49p on yuan appreciation, oil fall

The greenback eased against its major counterparts tracking lower US yields and poor Purchasing Managers Index data from...

25 May 2019 1:41 AM IST

Reserve Bank of India (RBI) on Thursday directed all payment system operators in India to store data within the country.

Draft liquidity norms for NBFCs released

NBFCs will have to maintain minimum high quality liquid assets of 100 per cent of total net cash outflows over the...

25 May 2019 1:41 AM IST

Insurance penetration in the country was 3.4 per cent in 2015 against the world average of 6.2 per cent.

BPCL's insurance cost nearly doubles

The deductible/excess under loss of profit cover due to business interruption this year has increased to 45 days from 30...

21 May 2019 2:42 AM IST

Exporters need all the help they can get to help close the trade deficit. (Representational image)

Trade war unlikely to aid Indian exports

In the past, China has showcased such tendency and dumped its products at predatory rates in many markets including...

18 May 2019 2:46 AM IST

Following the November 8-9 demonetisation, the government over the weekend asked public sector insurers to provide discounts of up to 10 per cent on the premium amount for general insurance policies and 8 per cent in new life policies of Life Insurance Corporation sold online.

Life insurers see strong growth

April has particularly been fruitful for the listed players in new business premium. All the four listed players saw...

18 May 2019 2:33 AM IST

Following the November 8-9 demonetisation, the government over the weekend asked public sector insurers to provide discounts of up to 10 per cent on the premium amount for general insurance policies and 8 per cent in new life policies of Life Insurance Corporation sold online.

Promoters find it difficult to exit insurance business

The Indian insurers offer a return on equity (RoE) of 10-20 per cent compared to their Asian counterparts that offer RoE...

16 May 2019 1:20 AM IST

The credit cost for the banking sector, which was 4.8 per cent in Q4FY18, has reduced to 2.75 per cent to 3 per cent in Q4FY19, going by the bank results declared so far.

Provisioning key theme of bank results in 4th quarter

Credit cost for the banking sector, which was 4.8 per cent in Q4FY18, has come down to 2.75 per cent to 3 per cent in...

15 May 2019 1:55 AM IST

Brent crude futures, the global oil benchmark, rose 1.57 per cent to $71.73 per barrel due to simmering tensions in the Middle East.

Rupee sheds 62 paise, falls to 11-week low

The Indian currency had opened at 70.12 a dollar and hit a low of 70.54 during the day as oil prices rose over one per...

14 May 2019 2:26 AM IST

The share price of SBI slumped 3.79 per cent to close at Rs 304.45 as the quarterly numbers were below what the market participants had anticipated.

SBI cuts loan rates by 5 bps; posts Rs 838 crore income in Q4

Surprissingly, another state-owned lender, Bank of Baroda, announced that it has hiked its MCLR by 0.05 per cent with...

11 May 2019 2:29 AM IST

Weaker financial position of states and use of vernacular languages make offer documents difficult to comprehend.

Now FPIs can invest in municipal bonds: Sebi

Lack of adequate and timely disclosure among Indian municipalities has resulted in lower demand for their securities.

9 May 2019 3:10 AM IST

Corporate Affairs Secretary Injeti Srinivas said exposure worth Rs 12,000 crore would be settled by July end.

RBI follows tribunal dictat on IL&FS loans

RBI allowed banks to treat exposure to IL&FS and its group entities as non-performing assets following the NCLAT order.

9 May 2019 2:24 AM IST

IL&FS has a collective debt of around Rs 94,000 crore.

Insurers have to provide for IL&FS, RCap exposure

IRDAI chief says NPAs have to be recognised like banks do.

4 May 2019 2:03 AM IST