Congress on Tuesday said that the Supreme Court order on the black money issue has exposed the Centre's "lame excuses" by directing it to disclose to it by Wednesday the names of all those who have black money stashed abroad.
Jethmalani said that the BJP-led government at the Centre should take no step without obtaining the consent of the SIT which has been set up to probe the matter.
This is the highest closing level since May 11, 2016 when the rupee had finished at 66.56
Persistent heavy dollar demand by oil companies as well as from foreign banks continued to pull down the rupee value which crashed by more than 18 paise against the US currency to end at a new five-month low of Rs 45.6650/6750 per dollar.
In recent sessions, shares have rallied on hopes Hindu nationalist opposition leader Narendra Modi, a more business-friendly candidate, is seen coming to power on promises of economic revival and jobs.
BJP leader Narendra Modi on Sunday attacked Congress President Sonia Gandhi and Samajwadi Party chief Mulayam Singh Yadav accusing them of indulging in vote bank politics and "misleading" Muslims in the name of secularism.
Banks should try its best to retain talent.
CBI sources said the shell companies were allegedly being used by the suspects to divert loan funds meant for specified purposes, creating fake invoices, and 'round-tripping' of funds to evade taxes and generate black money.
Citibank, which regards India as its top-most priority market after profits from country operations grew by 45-50 per cent in the last few years, now plans to increase its presence through 300 centres and in 35 cities in two years.
SBI's number of foreign offices increased from 186 in March 2013 to 190 in March 2014, in 36 countries.
He referred to Supreme Court orders in which it has said that the court was not satisfied with the government investigation and its appointment of Special Investigation Team headed by retired judges to probe the issue.
State Bank of India is planning a joint venture with a reputed IT company in a bid to bring its technology level at par with the private and foreign banks.
Anup Roy and Krishna Kant on the challenges the public sector banks face in revitalising themselves
Market meltdown and volatility pushed many traders to the sidelines.
Reserve Bank of India Governor Shaktikanta Das tells Anup Roy, Raghu Mohan and Niraj Bhatt that it is time for banks to lower interest rates and start lending to cash-starved finance companies after due credit appraisal and proper risk assessment.
However, dealers said that most of the rupee's gains were lost on consistent dollar demand from state-run oil refiners and other importers.
On a daily basis, an average cash logistics company transports Rs 5,000-8,000 crore worth of cash nationwide.
Forex dealers said besides dollar gaining against other currencies in the global markets, increased demand for the American currency from importers and lower opening in the domestic equity market influenced the rupee.
Industry experts say that the government needs to further relax FDI norms to attract investors to the sector.
After the government toed the UPA government's line in the Supreme Court, Finance Minister Arun Jaitley on Friday blamed the agreement entered into by the Congress government with Germany in 1995 as a constraining factor in disclosing details of black money stashed abroad.
The court will monitor the progress of SIT, and it has been asked to report to the court periodically about the status of investigation.
The rupee had lost 31 paise to close at one-month low of 61.07 on Wednesday on sustained dollar demand from banks and importers.
ABN Amro Bank on Monday announced its foray into the housing loan segment with the lowest interest rate of 6.0 per cent in the first year and 6.5 per cent in second year under its 'Super Saver Loan Package.'
Her tone and tenor was clear and unflinching as she vowed to storm back to power in 2017,
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