Business

August 25, 2018 8:30 AM

SBI expects 10% credit growth in FY19, hopes to bounce back into profits

State Bank of India today said it has 'set its house in order' and the credit growth is expected to see 10 per cent growth by the end of the current fiscal. Speaking at a press conference in Hyderabad, SBI Chairman Rajnish Kumar also said the bank is in the process of recruiting 8,...

August 21, 2018 8:51 AM

No ATM to be replenished with cash after 9 pm from next year

No ATM will be replenished with cash after 9 PM in cities and 6 PM in rural areas from next year.  In a notification, Home Ministry said the deadline for putting money in the ATMs located in Naxal-hit areas is 4 PM. It said private cash handling agencies must collect money from the banks in the firs...

August 14, 2018 8:39 PM

Rupee closes four paise up at Rs 69.90 against dollar

Rupee at forex market closed four paise up at 69 rupees and 90 paise against the dollar from yesterday's lifetime low close. Yesterday it nosedived due investors rush to safe-havens such as the US dollar, Swiss franc and the yen after a plunge in the Turkish Lira. Yesterday, all other emerg...

August 13, 2018 1:54 PM

Sebi comes out with list of 1,677 defaulters

The Securities and Exchange Board of India (SEBI) has come out with a list of as many as 1,677 entities, including individuals, who failed to pay penalties imposed by the market regulator till the end of May. The violations pertain to providing unregistered portfolio management services, failure to ...

August 13, 2018 8:27 AM

RBI net sells USD 6.184 bn of US currency in June

According to data released by Reserve Bank, the apex bank continued to remain net seller of the US currency for the third consecutive month in June this year, after it sold USD 6.184 billion of the US dollar in the spot market. In this month, RBI bought USD 4.020 billion of the US dollar, while sold...

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