Banks

Sensex, Nifty Off Day's Highs; Indiabulls Housing, Yes Bank Top Losers

Business | NDTV Profit Team | Wednesday June 19, 2019

Mid- and small-cap shares were underperforming their larger peers as the Nifty Midcap 100 Index declined 0.8 per cent.

RBI Penalises HDFC Bank For Violating Know Your Customer Norms

Business | ANI | Wednesday June 19, 2019

The Reserve Bank of India (RBI) has imposed a fine of Rs 1 crore on private sector lender HDFC Bank for violating norms related to know your customer.

Jet Airways Shares Crash, Slump Nearly 30% To Hit New Record Low

Business | NDTV Profit Team | Wednesday June 19, 2019

Investors' wealth in Jet Airways has been eroded massively as its market value has fallen from Rs 1,861.86 crore to Rs 330 crore.

China's Belt And Road Can Speed Development, Needs Transparency: World Bank

World News | Reuters | Wednesday June 19, 2019

China's massive Belt and Road infrastructure drive could speed up economic development and reduce poverty for dozens of developing countries, the World Bank said on Tuesday in a new report that called for deep policy reforms and more transparency for the initiative.

Sensex Jumps Over 350 Points, Nifty Hits 11,800: 10 Things To Know

Business | NDTV Profit Team | Wednesday June 19, 2019

Domestic stock markets started Wednesday's session on a strong note tracking global peers, where equities jumped on easing concerns on the US-China trade front and hopes of monetary easing. The S&P BSE Sensex index jumped as much as 389.46 points to 39,435.80 in early trade, and the NSE Nifty benchmark moved to 11,801.50, up 110 points from the pre...

Government Needs To Encourage Banks To Lend To Realty Developers: Experts

Business | Sakshi Bajaj | Wednesday June 19, 2019

Experts say growth in the real estate sector seems stagnant and immediate solutions are not expected, however the government is urged to take steps to boost liquidity.

Latest Fixed Deposit Interest Rates Paid By Public, Private Banks

Business | NDTV Profit Team | Tuesday June 18, 2019

Unlike stocks and mutual funds, fixed deposits offer assured returns as they are unaffected by market volatility, experts say

Drought-Hit Maharashtra Farmers Given Rs 4,461 Crore: Government

India News | Press Trust of India | Tuesday June 18, 2019

The Maharashtra government today expressed solidarity with farmers reeling under the impact of severe drought in large parts of the state and said a sum of Rs 4,461 crore has been credited in bank accounts of more than 66 lakh cultivators as part of relief measures.

India Ratings Downgrades Punjab National Bank's Rs 6,750-Crore Bonds

Business | Press Trust of India | Tuesday June 18, 2019

The rating of the AT1 bond signifies the weakness in the standalone operations of the bank, India Ratings said

Rupee Closes Higher At 69.70 Against Dollar

Business | Press Trust of India | Tuesday June 18, 2019

The dollar fell against its major rivals before the US Federal Reserve's meeting amid expectations that the central bank may signal a rate cut.

Pakistan Inks 3 Loan Deals Worth $918 Million With World Bank To Overcome Financial Crisis

World News | Press Trust of India | Wednesday June 19, 2019

Pakistan on Tuesday signed three loan agreements worth a total of USD 918 million with the World Bank, Prime Minister Imran Khan's adviser on finance has said as the cash-strapped country tries to overcome a ballooning balance-of-payments crisis that threatens to cripple its economy.

Sensex, Nifty Snap 4-Day Losing Streak Led By Gains In ICICI Bank, Infosys

Business | NDTV Profit Team | Tuesday June 18, 2019

Jet Airways stock plunged as much as 53.72 per cent to a record low of Rs. 31.65 in intraday trade on the National Stock Exchange (NSE).

Chinese Banks Demand $2.1 Billion From Embattled Anil Ambani's Firm

Business | PR Sanjai, Bloomberg | Wednesday June 19, 2019

Anil Ambani's older sibling and Asia's richest man Mukesh Ambani's Reliance Jio Infocomm Ltd. had earlier offered to purchase RCom's assets in a Rs 17,300-crore deal, which would have helped partly pay off lenders

14 Lakhs In Coins In A Week, Shirdi Temple Doesn't Know What To Do

India News | Written by Saurabh Gupta | Tuesday June 18, 2019

For the Sai Baba Temple in Maharashtra's Shirdi, considered one of the richest temples in the country, an abundance of donations have now become a problem. The temple trust says it receives Rs 14 lakh in coins every week and doesn't know what to do with it since banks are refusing to accept them because of lack of space.

Mehul Choksi Says He Left India For Medical Check-Up, Treatment

India News | Press Trust of India | Monday June 17, 2019

Diamantaire Mehul Choksi, a key accused in the multi-crore Punjab National Bank (PNB) scam, on Monday told the Bombay High Court that he left India for medical check-up and not to avoid prosecution in the case.