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Wednesday 03 September 2014
News updated at 11:53 PM IST
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Bank lending norms should be tightened, FinMin to RBI

Against the backdrop of Kingfisher case, the Finance Ministry has asked the Reserve Bank to tighten lending norms to prevent borrowers from opening multiple current account outside their consortium banks. Reuters file photo

Against the backdrop of Kingfisher case, the Finance Ministry has asked the Reserve Bank to tighten lending norms to prevent borrowers from opening...

Growth still weak despite high GDP growth in Apr-June: Experts

Breaking a two-and-a-half year-old jinx, India s economy logged 5.7 per cent growth in the April-June quarter prompting many to believe in an economic turnaround.

Breaking a two-and-a-half year-old jinx, India's economy logged 5.7 per cent growth in the April-June quarter prompting many to believe in an economic turnaround...

SIDBI and IREDA get Rs 3,500-cr JICA loan

The Japan International Cooperation Agency on Tuesday signed agreements with the Small Industries Development Bank of India and Indian Renewable Energy Development Agency Limited (IREDA) to provide 30,000 million Japanese Yen (approximately Rs 1,750 crore) under the Japanese Official Development Assistance  scheme to each of the two institutions to enhance energy availability in India.

The Japan International Cooperation Agency (JICA) on Tuesday signed agreements with the Small Industries Development Bank of India (SIDBI) and Indian...

Japanese Mie prefecture governor to visit Karnataka to sign MoU

Eikei Suzuki

Eikei Suzuki, governor of the Mie Prefecture in Japan, will visit Karnataka for a two-day trip this month to sign a memorandum of understanding (MoU)...

After SpiceJet, IndiGo enters fare war

FILE PTI

Budget carrier IndiGo Tuesday started promotional air fares by offering discounted one-way fares starting at a low of Rs.999 (all inclusive one-way fare), a day...

Sensex crosses 27K mark, Nifty hit new high on lowering CAD

A benchmark index of Indian equities markets breached the 27,000-mark for the first time to hit a record high of 27,082.85 points Tuesday -- surpassing its previous peak of 26,900.30 points scaled Sep 1. PTI file photo

The BSE Sensex today rose by 151 points to surpass the 27,000-mark for the first time and Nifty hit the record 8,100-level on buying by...

Jan Dhan scheme to help tackle ponzi menace: Sebi chief

Expecting the government's efforts to expand financial inclusion to help curb ponzi menace, Sebi chief U K Sinha has said that agents, lured by 20-30 per cent commissions, have been pushing illicit schemes among gullible investors in the absence of good savings products. PTI file photo

Expecting the government's efforts to expand financial inclusion to help curb ponzi menace, Sebi chief U K Sinha has said that agents...

Oil Min hints at deregulation of diesel rates

Hinting at deregulation of diesel prices as imminent, Oil Minister Dharmendra Pradhan today said there were good signals from international market and his ministry will approach appropriate forum for freeing of rates. Reuters file photo

Hinting at deregulation of diesel prices as imminent, Oil Minister Dharmendra Pradhan today said there were good signals from international market...

RBI revises Basel III norms, cuts capital maturity to 5 years

The Reserve Bank of India (RBI) has issued the revised and final guidelines for raising non-equity regulatory capital instruments by banks required by the Basel-III norms, under which lenders can issue tier-2 capital with a minimum original maturity of five years as against 10 years. Reuters file photo

The Reserve Bank of India (RBI) has issued the revised and final guidelines for raising non-equity regulatory capital instruments by banks required...

CVC red-flags board level appointments in PSBs

File photo of arrested Syndicate Bank CMD. PTI image

The Central Vigilance Commission (CVC) has red-flagged appointment process of some senior level officers in public sector banks (PSBs) and sought clarification from the Finance...

Sensex breaches 27,000-mark; Nifty at record high of 8,076.60

The benchmark BSE Sensex today hit the 27,000-mark for the first time while the NSE Nifty soared to yet another high of 8,076.60 in afternoon trade on strong inflows of foreign funds buoyed by encouraging GDP data for the April-June quarter and narrowing CAD. PTI file photo

The benchmark BSE Sensex today hit the 27,000-mark for the first time while the NSE Nifty soared to yet another high of 8,076.60 in afternoon...

Household financial savings rate inch up to 7.2% of GDP

Household financial savings rates continued to remain low, inching up a paltry 10 basis points to 7.2 per cent of GDP in 2013-14 amid sticky inflation.

Household financial savings rates continued to remain low, inching up a paltry 10 basis points to 7.2 per cent of GDP in 2013-14 amid sticky...

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Photo Gallery
England's Steven Finn survives a run out attempt

England's Steven Finn survives a run out attempt

President Pranab Mukherjee at Mata Vaishno Devi shrine on Tuesday. J & K Governor NN Vohra is...

President Pranab Mukherjee at Mata Vaishno Devi shrine on Tuesday. J & K Governor NN Vohra is...

India's Ravindra Jadeja celebrates after bowling England's Eoin Morgan

India's Ravindra Jadeja celebrates after bowling England's Eoin Morgan

Shuttler PV Sindhu, bronze medalist at World Badminton Championship, speaking to the media with ...

Shuttler PV Sindhu, bronze medalist at World Badminton Championship, speaking to the media with ...

England's Chris Woakes, right, is run out for 10 runs...

England's Chris Woakes, right, is run out for 10 runs...

Indian cricketer Yuvraj Singh, right, watches Jamaican sprinter Usain Bolt bowl during a...

Indian cricketer Yuvraj Singh, right, watches Jamaican sprinter Usain Bolt bowl during a...

Dhoni And Jos Buttler at the fourth one-day international cricket match...

Dhoni And Jos Buttler at the fourth one-day international cricket match...

A devotee carries a statue of the Hindu god Ganesh, the deity of prosperity, to be immersed into...

A devotee carries a statue of the Hindu god Ganesh, the deity of prosperity, to be immersed into...

Ajinkya Rahane celebrates after scoring a century against England during the fourth One Day...

Ajinkya Rahane celebrates after scoring a century against England during the fourth One Day...

Cricketer Yuvraj Singh presents a bat signed by him to Olympic Gold Medalist sprinter Usain...

Cricketer Yuvraj Singh presents a bat signed by him to Olympic Gold Medalist sprinter Usain...

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