Inflation

Due to benign food inflation, retail inflation reaches to 2.05% : CSO reorted

Retail Inflation marginally declined from the previous month's 2.19% to 2.05% in January, recent data released by the Central Statistics Office (CSO) indicates. The fall...
Axis Bank

Government to divest its stake in Axis Bank, to meet disinvestment targets.

The government is all set to launch an offer for sale to divest up-to to 3% of its stake in the Axis Bank which...
Essar Steels

SBI efforts to auction Essar Ltd outstanding loan, receives only one bid

State Bank of India's bid to sell the outstanding loans given to Essar Ltd. has received very low interest by the bidders. Bank of...

RBI imposes fine on Allahabad Bank for violating banking norms

The state owned corporation bank- Allahabad Bank was slapped with an aggregate penalty of Rs 3.5 Crore by the central bank of India. The...

A day after RBI, SBI too announces interest rate cut by 25 bps

Just a day after RBI announced a rate cut in its key lending rate, SBI too has made a rate cut in the interest...
10 successful SoftBank investments in India

Softbank to Invest 2,800 Crore equity capital in UK Based bank-OakNorth

Indiabulls Housing Finance on Friday confirmed that Japan's internet conglomerate Softbank is going to invest 2,800 Crore as equity capital in its UK based,...
RBI

RBI eases lending for NBFC, reduces the risk weight for lending

The Reserve Bank of India issued new guidelines for keeping risk weights on bank lending to well-rated NBFC ( Non Banking Finance Companies). The...
RBI

RBI announces rate cut, interest on loans expected to go down

Keeping in view the Benign food inflation, and the continuously surging core inflation- Non-food and non-fuel component of inflation, the Reserve Bank of India...
PNB scam

PNB bounces back to making profits, reports profit in 3rd quarter

India's second largest public sector lender, Punjab National Bank (PNB) which last year was badly hit by an fraudulent collusion between its employees and...
Rbi

New SBI ECOWRAP report anticipates a cut in lending rates by RBI

The central bank may announce a cut in the key lending rate by 25 bps as anticipated by the new SBI ECOWRAP report. This...