The rupee ended flat at 65.21 against the US dollar on Wednesday ahead of the US Federal Reserve’s policy meet outcome to be announced late evening.
If you are planning to invest in any of the post office savings schemes offered by the Department of Posts, it would be wise to wait for a few weeks as the government is likely to raise the interes
Your returns from fixed deposits are slowly going up as banks have begun raising interest rates on retail and bulk deposits.
To prevent the sudden spurt in call money rate, the central bank will be injecting additional liquidity of Rs one lakh crore through long-term repo operations.
The unearthing of Rs 11,400-crore fraud at Punjab National Bank, allegedly by billionaire jeweller Nirav Modi, coupled with swindling to the tune of Rs 3,695 crore by Rotomac promoter Vikram Kothar
State owned Bank of India (BoI) has an exposure of Rs 1,000 crore by way of letter of undertakings (LoU) issued by Punjab National Bank to Nirav Modi (in pic), the billionaire diamond merchant in t
Impending rate hikes from the Reserve Bank of India (RBI) and the US
State-owned Punjab National Bank is likely to report substantially higher losses in the current quarter and in FY19 as well, which, along with a sharp rise in its stressed assets portfolio, may sig
Global rating agencies Moody’s and Fitch have placed state owned Punjab National Bank under review for downgrade as they await clarity on the impact of fraud on the lender’s financial position.
Weakness in domestic stocks weighed on the rupee, which lost a massive 58 paise to end at a fresh three-month low of 64.79 against the US dollar.