One can expect significant changes at India's banks in ensuing months.
After the Insolvency and Bankruptcy Code came into force, which calls for an auction of assets of loan defaulting entities, recoveries have picked up, said Jaitley.
Ending more than four decades of wait, India and Bangladesh will start the exchange of 162 adversely-held enclaves from Friday, marking the start of implementation of their landmark Land Boundary Agreement.
Customers have other options available to them to do low-value transactions, if wallets start mandating full KYC and would switch to those.
SpiceJet in a statement said that there is no default in payment to AAI since January this year.
There would be an increase in NRI investment in India post elections.
Dubai, Singapore, London are the top overseas markets for Indians
ED failed to obtain evidence with regard to financial links about the purchase of an island in Scotland.
The RBI also looked into the effectiveness of systems and processes for implementation of KYC norms
Want to know how to claim tax deduction on property income you earn? Do you know how to withdraw unclaimed EPF money?
'A fresh look is being given to ways of processing, transmission, and delivery.'
The vertical will be based out of Bengaluru.
'Modi skillfully navigated Trump's ego and pushed the right buttons.' 'Critics assailed Modi's speech for its personalism, but in the Trump era this is par for the course.'
The payments banks are intended to house transactional accounts for individuals, focusing on payments and remittances.
'A key trend that one should expect to see is tonnes of failures.' 'Several blockchain-focused companies will fail.'
Reduce frill expenses, monetise your assets and invest in professional development to negotiate the choppy phase.
RBI had received 72 applications for small finance bank licences.
Maran challenged reports that he and another company official have been summoned as accused by a Delhi court in two tax evasion cases
In worldwide trade, the US dollar retreated from its recent multi-year highs to trade subdued against major rival currencies
Bandhan Financial Services, which is to start banking operations soon, has received a combined equity commitment of Rs 1,600 crore (Rs 16 billion) from International Finance Corp (IFC) and GIC, Singapore's sovereign wealth fund.
India's balance of payments in negative territory.
PM Modi to travel to Vietnam before going to China to attend G20 summit.
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Steps announced by new RBI Governor Raghuram Rajan could attract $10 billion of forex inflows in the next three months and this could be a material near-term positive for the rupee, which has lost 20 per cent since January, the London-based banking and financial services company said.
India's jewellery consumption in Sept quarter increases 5% to 193 tonnes.
Draft guidelines for Small Banks and Payments Banks were issued by the RBI in July and comments were invited till August 28.
Lack of opportunities coupled with a desire to get rich quick in the West is fueling Punjab's human trafficking problem.
The ED's fresh chargesheet against Mallya and his firms is likely to pave the way for him to be declared "fugitive" under a new Indian law.
The start of BHIM's declining share coincided with the launch of Google Tez in mid-Septem
Modi hailed the close defence cooperation between the two countries and welcomed the completion of the logistics agreement between the two navies.
US president Barack Obama new initiative to help millions of proud Indian-Americans directly invest in India's future.
Nomura has forecast the rupee at 61.6 against the dollar in Q1 and at 62 by Q4 of 2015.
Three-four big gem and jewellery firms are showing financial weaknesses and might find it tough to withstand shocks
In the aftermath of the Easter Sunday terrorist attacks, allegations have been made that the Muslim militants in Sri Lanka draw sustenance from India. An overarching impression is being created that the ISIS is gaining ground in India, points out Ambassador M K Bhadrakumar.
As India gears up to honour its pravasis on January 9 to mark their contribution in the nation's development, rediff.com presents perspectives from eminent writers on the Diaspora. Kicking off the series is Ambassador T P Sreenivasan, who points out that the change of the Diaspora policy put in place by Rajiv Gandhi following the military coup in Fiji and his decision to stand by them, was the one defining moment in India's dealings with its overseas family.
Syed Firdaus Ashraf/Rediff.com lists 11 Modi flagship schemes that may have been gamechangers in the Lok Sabha election.
A special court on Saturday issued fresh summons against three accused in a money laundering case related to the Rs 3,600 crore VVIP chopper deal in which it had earlier issued an open-ended non-bailable warrant against British national and alleged middleman Christian Michel James.
Nandan Nilekani talks about moving towards a cashless economy and freedom of Internet, among others
There is merit in considering whether merchandise exports can be facilitated by halting if not reversing the rupee's appreciation, says T N Ninan.
The rupee has depreciated by about 25 per cent in the past three months, from close to Rs 83 in mid-May, while it was even higher at about Rs 80 against the British Pound in March.
