UBI looks at Rs 3,000 cr recovery, expects to turn profit this fiscal

State-run United Bank of India (UBI), which received about Rs 676 crore from two stressed accounts through resolution in the NCLT, is expecting to recover Rs 3,000 crore in... Read more »

‘Govt acknowledges need for simplification of GST rates, slabs’

Amid demands of rationalisation of the GST rates and reduction in the number of tax slabs, the government on Friday acknowledged this was necessary but added it could not... Read more »

India’s Forex reserves deplete by $1.75 bn

India’s foreign exchange (Forex) reserves depleted by $1.75 billion during the week ended June 29, official data showed on Friday. According to the Reserve Bank of India’s (RBI) weekly... Read more »

RIL launches JioGigaFiber, rolls out plans for hybrid online-offline retail model

Riding high on Jio tide, Reliance Industries (RIL) Chairman and Managing Director Mukesh  Ambani on Thursday said the company has doubled its subscriber base to 215 million in 22... Read more »

Vedanta delisting will not impact credit profile: Moody’s

The proposed delisting of the Anil Aggarwal-led Vedanta Resources from the London Stock Exchange will have no immediate impact on its credit profile, although cash extraction risks remain from... Read more »

After declining Rs 2-3 in over a month fuel prices rises again

After declining by around Rs 2-3 over a month period, petrol and diesel prices rose for the first time in a month across the four metros on Thursday. In... Read more »

Expectation of healthy rural demand lifts equity indices

Expectation of a healthy rural demand on the back of the government’s enhanced farm sector support buoyed the key Indian equity indices on Wednesday. Additionally, positive economic data on... Read more »

3 lakh village level entrepreneurs to engage as banking correspondents

CSC SPV, a special purpose vehicle under the Ministry of Electronics & IT, has entered into agreement with HDFC Bank to enable its three lakh village level entrepreneurs (VLEs)... Read more »

ICICI Bank’s mortgage portfolio crosses Rs 1.5 trn

ICICI Bank on Wednesday announced that it has crossed the milestone of disbursing mortgage loans of over Rs 1.5 trillion. It aims to grow its pan-India mortgage book to... Read more »

Embracing end-to-end technology solutions to drive the next round of growth for NBFCs

Devang Mody Executive Director and CEO, Reliance Money Technology has been playing a significant role in spurring growth and innovation in India’s financial services sector. The new-age concepts of... Read more »