After making a U-turn on borrowing to compensate the states for GST revenue loss, finance minister Nirmala Sitharaman has written to them on the terms under which the Centre will borrow a sum of Rs 1,...

The Centre and the Reserve Bank will be hard at work over the festival period to come up with the details of the interest waiver scheme. The speculation is the relief will not be uniform across all c...

The government is keeping the option of coming out with more stimulus steps to boost demand and various measures are being assessed, senior finance ministry officials said on Tuesday. “We are n...

In a first of its kind move, the RBI on Friday announced that it will buy state development loans (SDLs), or bonds issued by state governments, in the secondary market. The step comes three days...

The country’s largest lender — State Bank of India — on Monday announced a slew of festive offers for its retail borrowers, including 100 per cent waiver of processing fee for all cu...

A shoemaker-cum-cobbler attempted suicide with his wife and two children in an Agra village on Sunday morning after uploading a video accusing a moneylender of tormenting the family. Deepak Kumar, 30...

Former RBI governor Raghuram Rajan on Monday suggested the government to privatise select public sector banks, set up a bad bank to deal with NPAs and dilute the role of Department of Financial Servic...

The NGO has formed a panel for the livelihood loans programme to “identify genuine people in need of help”. Those who have been given loans are not being left to themselves. Volunteers fr...

The committee that runs Jalpaiguri’s North Bengal Tea Auction Centre (NBTAC), where no sale has been conducted since 2015, has decided to apply for a bank loan to meet the expenses. Since 2005,...

The Supreme Court on Wednesday slammed the Centre for failing to clarify its stand on the waiver of interest on loans that became eligible for a six-month moratorium that ends on August 31 — and...