SBI hopes for a 10-12% credit growth in FY20 with credit demand, better recoveries

The country’s largest lender SBI has aims to grow 10-12 percent in the current financial year, with green shoots of revival in credit demand and better recoveries of loans.... Read more »

Sebi bans 12 entities from securities market for the manipulation of share price

Markets regulator Sebi on Tuesday banned a total of 12 entities for 4 years from the securities market for tweaking share price of Ram Minerals and Chemicals Ltd. “These... Read more »

Bank fraud reaches Rs 71,500 crore in 2018-19, says RBI; CBI starts the investigation

Around 6,800 cases of bank have been caught in a whopping Rs 71,500 crore fraud in 2018-19, the Reserve Bank of India has said. A total of 5,916 such... Read more »

Bharti AXA Life new business premium increases 25% in fiscal year 2019

Bharti AXA Life Insurance Monday recorded a 25 per cent increase in its new business premium to Rs 911 crore in the financial year ended March 2019. The private... Read more »

23% urban youth remain unemployment in Q3 of fiscal year 19

Unemployment has rose to a four-decade high of 6.1 per cent in the country, latest figures released by the Ministry of Statistics and Program Implementation (MoSPI) have revealed. But... Read more »

MSME sector looks for cheaper finance, incentives in budget

As per the GST refunds, unfavourable forex and end of trade privilege to Indian firms, the micro, small and medium enterprises (MSME) sector wants the government give incentives to... Read more »

RBI to cut interest rate by 25 bps Thursday; to work on economic slowdown

The Reserve Bank will slash rates for the third time in a row, based on the economic growth which dropped to a five-year low in the final quarter of... Read more »

As talks with ArcelorMittal delays, SAIL on the lookout for other companies

As the talks with ArcelorMittal to form auto-grade JV firm is postponed, state-owned SAIL has started talking to other global players, a top company official said. SAIL is closely... Read more »

Oriental Bank of Commerce to raise Rs 3,000 crore using QIP

State-owned lender Oriental Bank of Commerce (OBC) on Saturday said it plans to collect an estimated Rs 3,000 crore through the sale of equity shares to qualified institutional investors.... Read more »

Nirmala Sitharaman to deliver union budget for FY20 on July 5

The newly appointed union finance minister Nirmala Sitharaman will present the full-year budget for 2019-20 on July 5 in the Lok Sabha. This will be the first budget of... Read more »