SC strikes down Electoral Bond Scheme

Terming it as “unconstitutional,” a five-judge Constitution bench of Supreme Court, on Thursday, struck down the electoral bonds scheme which provides blanket anonymity to financial contributions to political parties.... Read more »

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 »

RBI to create liquidity in the market, competes with its rate cut

The Reserve Bank of India’s announcement of new open market purchases of government bonds is a sign the central bank is using great efforts to increase the economic impact... Read more »

RBI divests in NHB, Nabard ; government now owns 100% stake

The Reserve Bank of India has recently exited the National Housing Bank (NHB) and the National Bank for Agriculture & Rural Development (Nabard), divesting its entire stakes to government... Read more »

#SaveJetAirways: An open letter on WhatsApp spills the beans

At a time when mainline and social media platforms are filled with images, short stories and videos of former and current employees of Jet Airways, we received a WhatsApp message... Read more »

RBI imposes Rs 2 crore fine on PNB for violating SWIFT rules

The Reserve Bank of India (RBI) has fined Punjab National Bank (PNB) Rs 2 crore after it found out that it violated the compliance with regulatory directions regarding SWIFT... Read more »

SBI to meet with Jet Airways and Etihad for a lenders’ meeting

State Bank of India (SBI) will meet with Jet Airways Chairman Naresh Goyal and the domestic carrier’s significant shareholder Etihad Airways’ CEO Tony Douglas on February 27 to discuss... Read more »