Board meetThe newly constituted board of crisis-ridden IL&FS is likely to hold its maiden meeting on Thursday to thrash out a turnaround plan, according to government sources.The finance ministry ...

The State Bank of India (SBI) will sell a four per cent stake in its subsidiary — SBI General Insurance Company Ltd — for Rs 482 crore ($66 million) in a transaction that will value the latter at ...

The committee of creditors (CoC) of Jet Airways will hold its first meeting on Tuesday since it initiated insolvency proceedings against the airline, which stopped operations in April.The resolution p...

The call to monetise deficit — the RBI buying bonds directly from the government — is getting louder.On Friday, the economic research wing of State Bank of India (SBI) said in a report that it is ...

The Centre delivered a body blow to small savings depositors on Tuesday by slashing interest rates by 70 to 140 basis points in the first quarter (April-June) of the financial year 2020-21 — making ...

The State Bank of India estimates bank credit will reach Rs 200 lakh crore by 2024-25 to be able to support a $5 trillion economy. This implies that bank credit has to grow at the rate of 12 per cent ...

State Bank of India (SBI) on Thursday reduced the marginal cost of funds based lending rate (MCLR) by 15 basis points across all tenors. This is its second cut in less than a month.After the latest re...

The country's largest lender State Bank of India on Thursday slashed benchmark lending rate by 0.15 basis points and introduced special deposit scheme for senior citizens with higher interest rate.To ...

India’s central bank slashed its key lending rate Friday by three-quarters of a percentage point to 4.4 per cent, citing worries about the economic fallout from Covid-19’s “destructive force.”...

The financial sector on Thursday sought a dedicated liquidity window for NBFCs that can be used as a source of emergency funding from the government.In their pre-budget meeting with finance minister N...