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RBI to begin bankruptcy proceedings against Dewan Housing Finance

Finance

20 November, 2019

RBI to begin bankruptcy proceedings against Dewan Housing Finance

India’s central bank said on Wednesday it would initiate bankruptcy proceedings against Dewan Housing Finance Ltd (DHFL), as it seeks ......

India's love for cash hinders move to digital economy despite demonetisation push

Finance

14 November, 2019

India's love for cash hinders move to digital economy despite demonetisation push

India's dependency on cash may slow the country's transition to digital payments despite large numbers of internet and mobile phone ......

Retail inflation breaches RBI target, quickens to 4.62% in October

Economy

13 November, 2019

Retail inflation breaches RBI target, quickens to 4.62% in October

India’s retail inflation breached the central bank’s medium-term target of 4% in October for the first time in 15 months, ......

Banks' stressed assets pile eases aided by $30 bn in write-offs

Finance

08 November, 2019

Banks' stressed assets pile eases aided by $30 bn in write-offs

Indian banks wrote off more than $30 billion worth of bad debt in the year to June 30, helping to ......

Slowing Indian economy spells tough times ahead for the rupee

Finance

07 November, 2019

Slowing Indian economy spells tough times ahead for the rupee

A slowing domestic economy will prevent India’s rupee from recouping this year’s losses against the dollar in 2020, with optimism ......

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Management guru Ram Charan on root cause of scams in India Inc and how to fix it

Finance

04 November, 2019

Management guru Ram Charan on root cause of scams in India Inc and how to fix it

Whether he is advising global chief executives on leadership matters or speaking about the need for greater transparency and accountability, ......

Slowdown worsens as factory growth sinks, jobless rate jumps in October

Economy

01 November, 2019

Slowdown worsens as factory growth sinks, jobless rate jumps in October

India’s factory activity growth hit a two-year low in October as new orders and output rose at a slower pace, ......

RBI asks banks to probe alleged data leak of 1.3 mn cards

Finance

31 October, 2019

RBI asks banks to probe alleged data leak of 1.3 mn cards

The Reserve Bank of India (RBI) has asked banks to ensure customers’ debit and credit card data is secure and ......

Risk of contagion in India's financial sector rising, warn rating agencies

Finance

23 October, 2019

Risk of contagion in India's financial sector rising, warn rating agencies

There is rising risk of contagion in India’s banking sector with many finance companies having lost more than half of ......

Mumbai court jails former MD of PMC Bank as fraud probe deepens

Finance

17 October, 2019

Mumbai court jails former MD of PMC Bank as fraud probe deepens

An Indian court on Thursday sent the former managing director of Punjab and Maharashtra Co-operative (PMC) Bank, Joy Thomas, to ......