The Indian economy has officially plunged into recession but the contraction in the economy at 7.5 per cent in the second quarter has been less than feared, generating expectations of a quick revival ...

The Supreme Court on Friday asked the Union government to ensure that all steps are taken for the implementation of its decision to let go of interest on eight specified categories of loans paid upto ...

The RBI working group’s proposal to allow corporate houses to set up banks is a ‘good-looking’ step in a ‘bad direction’ and may lead to crony capitalism and eventual fin...

Kapil Wadhawan, the erstwhile promoter of Dewan Housing Finance Ltd (DHFL), has filed a petition in the National Company Law Tribunal (NCLT) seeking access to meetings of DHFL’s committee of cre...

Reserve Bank of India governor Shaktikanta Das has said that a lot of imperfections have crept into the Indian bond market that the regulator needs to weed out before it can emerge as a vibrant altern...

It’s not only the equity shares of Lakshmi Vilas Bank (LVB) that are being written down: there was bad news for those who had invested in the Tier II bonds of the lender as the Reserve Bank of I...

The Bombay High Court has refused to stay the hastily-crafted amalgamation scheme under which Lakshmi Vilas Bank (LVB) is being folded into DBS Bank of India that comes into effect on Friday. Certain ...

India’s economy has recovered stronger than what was expected from the preliminary impact of the Covid-19 pandemic, Reserve Bank of India (RBI) governor Shaktikanta Das said on Thursday. However...

The RBI has shot down the proposal of Muthoot Finance to acquire IDBI Bank’s mutual fund business.  According to the central bank, sponsoring a mutual fund is not in consonance with the ac...

The merger of Lakshmi Vilas Bank (LVB) with the Indian subsidiary of Singapore-based DBS Bank received the Union cabinet’s approval on Wednesday, following which the RBI said the curbs on the wi...