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Sebi has begun looking into the matter for any possible disclosure and corporate governance-related lapses.

Sebi wants govt rethink on RBI representation on its board

Officials said Sebi first proposed to the Ministry of Finance to amend the relevant provisions in the Sebi Act.

28 Feb 2019 5:51 PM IST

The finance ministry said that the bill is far more depositor-friendly than in many other countries which provide for statutory bail-in without consent of creditors and depositors.

Sale of electoral bonds in 3 tranches from March: Finance Ministry

The electoral bonds will be valid for 15 calendar days from the date of issue and no payment will be made to any payee...

28 Feb 2019 3:38 PM IST

The needless controversy between the government and the RBI is a direct consequence of economists without any practical experience in administering policies at a high level being inducted to executive positions.

BSA between India and Japan provides for India to access USD 75...

The BSA was negotiated between India and Japan during the visit of Prime Minister Narendra Modi to Tokyo on October 29...

28 Feb 2019 1:48 PM IST

Direct tax collection in the fiscal year just ended has exceeded the targets with a record 6.84 lakh income tax returns being filed, officials said today.

Panel to overhaul direct tax law seeks 3 months extension

The panel was initially supposed to submit its report to the government, within 6 months, by May 22, 2018.

27 Feb 2019 3:52 PM IST

Fund infusion into PSBs not sufficient to support lending growth:...

Fitch estimates that banks will need an additional USD 23 billion (around Rs 1.6 lakh crore) in 2019.

27 Feb 2019 1:03 PM IST

Defending the banks in this issue, a senior official, however, claimed that the quick mortality rate on Mudra loans has come down drastically after strict norms issued by the RBI and the ministry of finance.(Representational image)

Microfinance industry posts 43 per centh growth in Q3 FY'19

Microfinance Institutions Network (MFIN) is an RBI recognised self-regulatory organisation and industry association.

25 Feb 2019 5:32 PM IST

Bajaj Finserv, through its lending arm, Bajaj Finance Ltd., has announced a new feature hybrid flexi option.

MFIs loan book clips past 43 per cent to Rs 1.66 tln in Q3

Total numbers of microfinance accounts were at 8.91 crore as of December 2018.

25 Feb 2019 4:57 PM IST

The finance ministry said that the bill is far more depositor-friendly than in many other countries which provide for statutory bail-in without consent of creditors and depositors.

Finmin expects 3-4 more banks to come out of RBI's PCA framework this...

Bad loans of public sector banks declining by over Rs 23,860 crore in the first half of the current fiscal.

24 Feb 2019 3:16 PM IST

Allaying worries over the rupees slide, Niti Aayog vice-chairman Rajiv Kumar said that the currency was coming back to its natural value after witnessing a 17% appreciation in the last three years.

Niti Aayog bats for setting up independent debt management office

At present, the government debt, including market borrowing, is managed by the Reserve Bank of India.

22 Feb 2019 1:52 PM IST

EPFO has already joined the vast network of over 2 lakh common services centres (CSC) of the IT department to widen its reach.

EPFO finalises 8.65 per cent interest for 2018-19: Gangwar

The interest rate is credited into the subscribers account after the Finance Ministry's approval.

21 Feb 2019 5:05 PM IST

The meeting was chaired by Prime Minsiter Narendra Modi. Home Minister Rajnath Singh, Defence Minsiter Nirmala Sitharaman, External Affairs Minister Sushma Swaraj and Finance Minister Arun Jaitley attended the meeting. (Photo: ANI | Twiiter)

Finmin expects NPA recovery of Rs 1.80 lakh crore in FY19

So far, banks have recovered Rs 1 lakh crore under the Insolvency and Bankruptcy Code (IBC).

21 Feb 2019 10:01 AM IST

Total income, however, rose to Rs 5,322.33 crore for the third quarter of 2018-19 as against Rs 5,093.43 crore in same period last year: Andhra Bank.

Govt announces Rs 48,239 cr recapitalisation plan for 12 PSBs

The government will pump in Rs 12,535 crore in four other banks under PCA.

20 Feb 2019 5:38 PM IST