As Turkish currency lira plunged into deeper crisis due to harsh US sanctions, the contagion spread to broader emerging markets currencies, including rupee which tanked to a lifetime low of 69.93 a
Courts trying cheque bouncing cases may now onwards direct drawers to pay interim compensation to the payee. With the latest changes in the law, courts can also try such offences expeditiously.
Public sector behemoth Life Insurance Corporation of India (LIC) has sold more stocks in 2017-18 to pay bonuses to policyholders.
Increasing trade friction between the US and China would continue to send jitters towards emerging market economies and in turn add further pressure on the Indian rupee.
The rupee plunged to its all-time of low of 69.09 against the US dollar in early trade on Thursday.
Insurance regulator Irdai is likely to clear LIC’s proposal to buy 40 per cent government stake in IDBI Bank with certain conditions.
Maharashtra police has arrested Bank of Maharashtra CMD Ravindra P Marathe (in pic) and former chief Sushil Muhnot for sanctioning Rs 3,000 crore loan through fraudulent means to Pune-based real es
Bajaj Allianz General Insurance Company Limited is a joint venture between Allianz SE, world’s leading insurer and Bajaj Finserv Limited.
State Bank of India (SBI), one of the world’s 50 largest banks, pays a pittance to its top management personnel when compared to salaries earned by their counterparts in top private banks.
The Reserve Bank of India (RBI) has proposed stipulating a minimum level of ‘loan component’ in fund-based working capital loans for large borrowers.