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Supreme Court made clear to the Centre on Friday that it would not pass any order on the plea seeking closure of cases against two Italian marines. (PTI Photo)

Debt resolution plan can't be withdrawn: SC

The court held that the 330 days outer limit of the CIRP under Section 12(3) of the IBC can be extended only in...

14 Sept 2021 8:55 AM IST

The acquisition at 2.5 times the embedded value (of Exide Life) is still 30-35 per cent cheaper than what other listed life insurers are trading at, Padalkar said. Representational image/Twitter

HDFC Life to take over Exide LIfe for Rs 6.7K cr

Once the share issue happens, Exide Industries will be on-boarded as shareholder in HDFC Life and will have 4.1% stake...

4 Sept 2021 7:56 AM IST

Tax authorities raids Chinese entities for money laundering. (PTI Photo)

Rupee to strengthen as Fed hints at tapering

The rupee on Friday strengthened 53 paise against the US dollar to close at 73.69

28 Aug 2021 3:02 AM IST

An elevated inflation rate is also a cause of concern for the RBI, though it has decided to accord priority to economic growth in the near future. (AA file Photo)

RBI panel suggests 4-tier structure for urban co-op banks

The committee has also suggested setting up an umbrella organisation with a minimum capital of Rs 300 crore to oversee...

24 Aug 2021 9:17 AM IST

In FY18, the government had completed the scheduled borrowing of Rs 1.02 lakh crore through Small Savings Scheme). (Representational image)

Freedom from financial woes

Your household expenses should not be more than 30-35 per cent of your income

16 Aug 2021 9:03 AM IST

To begin with e-Rupi facility will be available for health services and would later be expanded to other segments. PTI

Prime Minister launches e-RUPI

e-Rupi voucher will be delivered in the form of a QR code or SMS string-based e-voucher to the beneficiary's mobile...

3 Aug 2021 8:31 AM IST

Reserve Bank of India on Thursday released a national strategy for financial education to be implemented in the next five years. (PTI Photo)

RBI to leave rates untouched again

MPC may shrug off inflation build-up

2 Aug 2021 12:19 PM IST

So far ICICI Bank, HDFC Bank, Federal Bank and CSB that have announced their Q1 earnings have seen a spike in retail slippages, particularly from gold loans. (Representational Photo:PTI)

Slippages from gold loans rise for private banks in Q1

There has been a sharp spike in retail slippages, especially from gold loans and the farm segment, as the Covid second...

26 July 2021 12:58 AM IST

In August 2019, the Reserve Bank of India (RBI) had issued a framework for processing of e-mandates on recurring online transactions. Representational image

RBI extends timeline to comply with new rule for online transactions...

The primary objective of the framework was to protect customers from fraudulent transactions and enhance customer...

1 April 2021 7:41 AM IST

Forbearance represents emergency medicine that should be discontinued at the first opportunity when the economy exhibits recovery, the survey stated. (Representational Photo:DC)

Economic Survey 2021 calls for fresh asset quality review

Pandemic concessions to banks need a quick end

30 Jan 2021 4:38 AM IST

Outside view of Lakshmi Vilas Bank, in Mumbai, Wednesday, Nov 18, 2020. Shares of Lakshmi Vilas Bank (LVB) plunged as much as 20 per cent -- lower circuit -- on Wednesday after the Reserve Bank of India (RBI) imposed a 30-day moratorium on the cash-strapped lender, restricting cash withdrawals at Rs 25,000 per month. (PTI Photo)

Lakshmi Vilas Bank shareholders to get nothing after merger with DBS...

However, depositors need not worry as their deposits will be transferred to DBS and would be fully secured

19 Nov 2020 5:18 AM IST

Reserve Bank of India announced a slew of measures to maintain market stability. (PTI Photo)

Lakshmi Vilas Bank placed under moratorium, RBI proposes merger with...

As part of the moratorium, the regulator has capped deposit withdrawals by customers to Rs 25,000

18 Nov 2020 3:29 AM IST