State, district co-op banks can offer 'view only' net banking

RBI has allowed state and district central co-operative banks to offer internet banking to its customers subject to certain conditions. A notification issued by RBI from Mumbai said that internet banking guidelines have been revised and accordingly all cooperative banks that have implemented Core Ba...

Microsoft wants to empower every person in world to achieve more: Satya Nadella

CBI registers case against pvt firm for causing loss of around Rs 430 cr to SBI

Central Bureau of Investigation, CBI has registered a case against a private firm and its director for causing an alleged loss of around 430 crore rupees to State Bank of India. CBI spokesperson said, Ahmedabad based firm and its Directors and official of SBI entered into criminal conspiracy to chea...

India expected to grow 7.5% in FY16, higher next year: Moody's

Projecting stable growth rate for India, Moody's Investors Service has said the economy would grow at 7.5 per cent in the current fiscal and improve marginally in the following year. The report expect that India's real GDP will grow at 7.5 per cent in the financial year ending Marc...

Moody's ups Indian banking sector outlook to stable

Moody's Investors Service has upgraded its outlook for India's banking system to 'stable' from 'negative' on expectation that a gradual improvement in the operating environment for lenders will lead to lesser growth in bad loans in future. Moody&...

China parliament ratifies AIIB agreement

The Asian Infrastructure Investment Bank (AIIB) agreement has been ratified by China's top legislature today, which establishes the legal framework for the Bank. The ratification is a significant step closer to the AIIB's formal establishment slated for the end of this year, as Chi...

Services sector growth hits eight-month high in October

A business survey has found that India's services sector activity touched an eight-month high in October. This was driven by a significant rise in new business orders even as growth in manufacturing output eased. The seasonally adjusted Nikkei India Composite PMI Output index, which maps bo...

Asian shares up on Japan Post debut

Asian markets headed higher today as investor appetite picked up on the debut of the world's biggest share offering this year, Japan Post. Shares of Japan Post bank and the holding firm were more than 15 per cent above their IPO prices. The benchmark Nikkei 225 index was up 1.6 per cent at ...

Finance Minister reviews prices of essential commodities ahead of festivals

Ahead of the festive season, Finance Minister Arun Jaitely today reviewed the prices of essential commodities at a high level meeting in New Delhi. He directed the Secretaries of the Departments of Agriculture, Food and Consumer Affairs to remain vigilant and work closely with the States. Mr. Jaitle...

SIT on black money calls for more vigilance to check shell companies

Special Investigation Team, SIT on black money has called for more vigilance by law enforcement and intelligence agencies, with regard to companies which are operating from same address. The SIT in its third report on black money dealing with Shell Companies and Beneficial Ownership noted that over ...