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Govt mulls Aadhaar like unique identity for biz: FM

Govt mulls Aadhaar like unique identity for biz: FM

The government will evolve a scheme to provide a unique identity to every enterprise in India on the lines of Aadhaar, Finance Minister Arun Jaitley said. “Aadhaar has provided an…

Govt to infuse over Rs 88,000 cr in 20 public sector banks

Govt to infuse over Rs 88,000 cr in 20 public sector banks

The government announced Rs 88,139 crore capital infusion in 20 public sector banks (PSBs) during the current fiscal, with IDBI Bank getting the most — Rs 10,610 crore. Finance Minister…

Looking at new growth opportunities in Indian economy: ICICI Bank

Looking at new growth opportunities in Indian economy: ICICI Bank

ICICI Bank is looking at new areas of growth opportunities in the Indian economy as new areas are coming up to be tapped post demonetisation and introduction of GST, its…

HDFC Bank Q3 net profit rises record 20% to Rs 46.43 bn

HDFC Bank Q3 net profit rises record 20% to Rs 46.43 bn

Private lender HDFC Bank reported a 20.1 per cent growth in net profit to Rs 46.63 billion for the third quarter of the current fiscal. The private sector bank had…

SBI to raise Rs 20,000 cr for affordable housing, infra

SBI to raise Rs 20,000 cr for affordable housing, infra

State Bank of India said its board has given nod to raise Rs 20,000 crore for financing affordable housing and infrastructure projects through long- term bonds. “The executive committee of…

All 14 types of Rs 10 coin valid, legal tender: RBI

All 14 types of Rs 10 coin valid, legal tender: RBI

All the 14 designs of Rs 10 coin are valid and legal tender for transactions, the Reserve Bank said today amid reluctance by certain traders to accept the coins. “It…

Financial bids for all 12 large NPA accounts by Jan-end: SBI

Financial bids for all 12 large NPA accounts by Jan-end: SBI

Country’s largest lender State Bank of India (SBI) expects financial bidding process for resolution of 12 big stressed accounts to be over by the end of January, said the bank’s…

SBI likely to slash minimum balance requirement

SBI likely to slash minimum balance requirement

The State Bank of India is likely to reduce the minimum balance requirement to Rs 1,000 from the current Rs 3,000 in urban areas. SBI had initially raised the minimum…

RBI to issue new Rs 10 note in chocolate brown colour

RBI to issue new Rs 10 note in chocolate brown colour

The Reserve Bank of India (RBI) is going to issue new Rs 10 notes under the Mahatma Gandhi series with chocolate brown colour as the base. The new note will…

SBI lowers base rate, BPLR by 30 bps

SBI lowers base rate, BPLR by 30 bps

The State Bank of India reduced the base rate and benchmark prime lending rates (BPLR) by 30 basis points each, which will benefit nearly 80 lakh customers on the old…