Banking & Finance

Dena Bank net falls 52% as gross NPAs jump 96%

Public sector lender Dena bank reported a 51.96% year-on-year decline in the net profit...

No wealth tax on house let out for over 300 days in a year

The capital gain on sale of jewellery is subject to tax as per Section 45 of the Income Tax Act...

Reserve Bank of India revises norms for NBFCs, tightens bad loan norms

The Reserve Bank of India announced a revised framework for non-banking financial companies (NBFCs)...

How to pay off your car loan faster

There are many benefits of paying off a car loan ahead of its schedule.

Indian rupee gains 12 paise against US dollar at 61.50

Snapping the three-day losing streak, the Indian rupee today gained 12 paise...

Bond market sees rate cuts even as RBI talks tough on inflation

Tally in Indian bonds is providing the RBI governor Raghuram Rajan an unexpected gift...

Indian rupee recovers by 15 paise vs US dollar in morning trade

Indian rupee recovered by 15 paise to 61.47 against US dollar in the morning trade.

Foreign Exchange, Sensex, BSE, currency, Equity Markets, Rupee, paise, Forex, US Dollar

Now, pay Rs 20 for more than 3 ATM uses at SBI, HDFC Bank, Axis

New limits and rates will be applicable to transactions done in Mumbai, New Delhi, Chennai, Kolkata, Bangalore and Hyderabad.

NAVs below launch value open up good entry point for gold funds

Gold demand in India is price elastic, which means that when the prices come down, Indians line up to buy gold.

Now pay Rs 20 for more than 3 ATM uses at SBI, HDFC Bank, Axis

Banking consumers will have to pay more if they are prolific with ATM transactions.

Gold jewellery, coins exports jump 22 pc in Apr-Sept

Of total gold exports, jewellery was worth Rs 27,530 crore and coins/medallions were worth Rs 6,064 crore.

Take a look: Five world markets themes in the coming week

Five big themes likely to dominate the thinking of traders and investors in the coming week...

Central Bank back in black with Q2 profit

Public sector lender Central Bank of India on Saturday reported a net profit...

Indian rupee down 26 paise to 3-1/2 week low of 61.62 against US dollar

The rupee continued to fall against the American currency for the second consecutive week...

RBI unlikely to relent to India Inc’s rate cut call

Finance minister’s recent call to lower rates has revived expectations for cut in interest rate.

SBI turns to local snoops to sniff out defaulters’ properties

Under pressure to recover money owed to it, State Bank of India (SBI) has...

DRTs give too much leeway to borrowers

Bankers have always maintained that although debt-recovery tribunals (DRTs)...

United Bank posts Rs 43-cr profit

Public sector lender United Bank of India on Friday reported a net profit of Rs 43.80 crore...

Bank of Maharashtra net quadruples to Rs 163 crore

Bank of Maharashtra (BoM) saw its net profit quadruple in the September quarter...

Maharashtra State Cooperative Bank sanctions Rs 3,135 cr to mills

Working capital for 30-odd sugar factories with positive net worth

HDFC Bank slips after MSCI exclusion

RPower, RCap & JP Associates lose 3.5% each intra-day

Indian rupee down 13 paise against dollar in early trade

Indian rupee trades at 61.51 versus...

Three-fourths of Jan-Dhan accounts hold zero deposits

Officials argue that opening of bank accounts is more important and savings will pick up gradually.

Magma Fincorp to exit gold loan business

Asset finance company Magma Fincorp on Thursday said it has decided to exit the gold loan business with immediate effect.

Indian Bank net increases 2.8%

Indian Bank has posted a 2.8% increase in net profit to Rs 314.33 crore for the quarter ended September 30.

Canara Bank net flat at Rs 627 cr on higher provisioning drag

Canara Bank’s net profit remained flat for the September quarter at Rs 626.84 crore.

RBI: A cut in time saves nine

Delay in cutting interest rates would imply that the RBI is looking to bet on a horse after it has won the race.

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