Govt wanted Rs 3 lakh cr from RBI ahead of 2019 polls: Ex-Deputy Guv

The Reserve Bank (RBI) resisted a 'raid' planned by some in the government to extract Rs 2-3 lakh crore from its balance sheet in 2018 to meet populist spending in run-up to general elections,......

India or Bharat? Netizens have a blast over name change

A G20 dinner invitation from President Droupadi Murmu describing her as 'President of Bharat' created a buzz on social media on Tuesday with many debating if India's name should be changed to......

HC rejects 2 PILs against operations of Google Pay

The Delhi high court has rejected two public interest litigations seeking directions to cease the operations of Google Pay for alleged violation of regulatory and privacy norms in the country.......

Nitin Desai suicide: Edelweiss Group chairman, 4 others booked for abetment

Raigad police in Maharashtra on Friday registered a criminal case against five persons including Edelweiss Group chairman Rashesh Shah for alleged abetment of art director Nitin Desai's suicide.......

Has India's 'Bad Bank' Worked Or Not?

The target was for banks to sell Rs 2 trillion worth of non-performing assets to NARCL, the so-called 'bad bank', by 2021-2022.Only 10 per cent of this has been executed. Illustration: Dominic......

'Nothing alarming about fall in financial savings yet'

'As long as economic growth remains steady, creating jobs and generating stable incomes, the rise in home loans should not create problems.''If the growth trajectory changes course over the medium......

Forex kitty drops $867 million to $593.04 billion

India's foreign exchange reserves declined $867 million to $593.04 billion in the week ended September 15, the Reserve Bank said on Friday. Photograph: Kham/Reuters In the previous reporting week,......

No signs of systemic risk build-up in bank credit: RBI's Michael Patra

India’s bank credit remains resilient and is showing no signs of systematic risk, Reserve Bank of India (RBI) Deputy Governor Michael Patra said on Monday. Illustration: Uttam......