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Banking and Finance News

RBI net-seller of dollars in Nov, unwinding $644 million

In first five months of this fiscal year, the central bank has sold a whopping $34 billion as the rupee was on a roller-coaster, plumbing a low of 74 to the American unit.

ADB set to scale up India lending to $4 billion annually

Speaking on the issue of farm loan waiver, Yokoyama said such write-offs were against economic principles and cannot effectively address the agrarian distress.

NCLAT suggests appointing a former Supreme Court judge for IL&FS asset sales

The appellate tribunal was hearing a petition filed by the Ministry of Corporate Affairs (MCA) and IL&FS.

FE best banks: ‘Don’t allow litigation to kill Insolvency and Bankruptcy Code’s spirit’

A recent central bank report had suggested that the recovery through the IBC was more than three times of that via other routes, including Board of Industrial and Financial Reconstruction (BIFR).

SBI firms up plans to raise Rs 10,000 crore from market

In December 2018, SBI said it has received shareholders’ approval to raise up to Rs 20,000 crore through sale of shares.

FE Best Banks awards to be presented today

Arundhati Bhattacharya, former chairman, State Bank of India, will carry home the Lifetime Achievement Award, while Romesh Sobti, CEO, IndusInd Bank, will walk away with the Banker of the Year award for 2016-17. T

Nandan Nilekani to head RBI panel on digital payments

The committee will review the existing status of digitisation of payments in the country, identify the current gaps in the ecosystem and suggest ways to bridge them and assess the current levels of digital payments in financial inclusion.

Nandan Nilekani to head RBI committee on digital payments

The committee, which will have 90 days to submit a report, will review the existing status of digitisation of payments in the country, identify the current gaps in the ecosystem and suggest ways to bridge them.

Why you should consider investing in NPS this tax season

NPS allows tax benefit under both Section 80(C) and 80(CCD), allowing you a total tax deduction benefit up to Rs 2 lakh.

Hike exemption threshold level under GST regime, suggests ministerial panel

The hike in exemption threshold will be applicable to business-to-consumer registrants, while business to business and inter-state sales will be excluded.

Fast-track hiring to overcome manpower shortage due to retirements: Par panel to PSBs

In PSBs, 95 per cent of GM level employees, 75 per cent of Deputy GM level employees, and 58 per cent of Additional GM level employees will retire in 2019-20.

Crude shocker can be rude shocks for economy: RBI economists

The mid-year spike in crude prices happened mainly due to spurt in demand, on the back of global growth revival, and partly due to geopolitical risks that led to supply-side shocks.