The International Monetary Fund (IMF) on Tuesday slashed the growth forecast for India for the second time this year saying that the country’s economy will contract 10.3% in
If the court shifts its gaze inward to enforce reforms and accountability measures, criticism will lose its sting. In the wake of the Supreme Court’s recent pronouncement, the perimeters
The income tax department on Tuesday launched a massive search operation on some Chinese individuals and their Indian associates and some bank employees spread across Delhi, Gurgaon and
In a notification, the central bank said that rather than opening a new current account, all transactions should be routed through Cash Credit (CC) or OverDraft (OD) account
Yes Bank AT1 bond writedown episode is a major lesson for investors who choose risky financial instruments hoping for higher returns. A bailout in March this year by
“The saga of the highest court of law questioning the RBI on the moratorium was indeed unfortunate. Why should a central bank have to be answerable to a
On an ongoing cyber war between Nepali and Indian hackers, an anonymous hacker @Omsec5 claims to have hacked HDFC Bank’s data. Along with the link to the leaked data, the
Trade unions slam decision, employers welcome it, saying it was absolutely necessary especially in absence of grants from govt to industry for wage payment In what may come
By Shritama Bose & Ankur Mishra The credit guarantee scheme for micro, small and medium enterprises has left bankers unhappy as the guarantee is not being offered by
