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During April-November 2019-20, India’s exports contracted by 2 per cent to USD 212 billion.The continuous contraction in India’s exports is likely to stop next year but the rate of growth will be subdued on account of the uncertain…

The Finance Minister along with the head of the banks held discussion with CBI director.Finance Minister Nirmala Sitharaman once again on Saturday said the bank officials that they need not worry against any ”undue harassment” from…

Markets regulator Sebi on Friday imposed a penalty of Rs 8 lakh on three non-independent directors of ABG Shipyardfor misleading the company’s stakeholders by approving false and mis-stated financial results.The markets watchdog has…

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Finance minister Nirmala Sitharaman on Saturday announced the exemption of Merchant Discount Rate(MDR) charges on the transactions done via UPI and RuPay modes. This is yet another move by the government to take the Indian economy…

On December 26, Icra said in a report that bank credit is expected to decelerate sharply to 6.5-7.0% during FY20 from 13.3% during FY19 on account of limited incremental credit growth during the financial year so far.According to the…

SEBI Image.A day after Sebi imposed a penalty of Rs 25 lakh each on rating agencies Icra and Care for lapses over ratings given to NCDs of IL&FS, their shares rallied; the day also saw the markets rallying. Though the quantum of…

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The performance of scheduled urban cooperative banks (SUCBs) deteriorated significantly between March and September 2019.The Reserve Bank of India estimates the gross non-performing asset (GNPA) ratios of all scheduled banks could…

The central bank, in order to bring clarity, is also examining the role and scope of forensic audit along with timelines.The Reserve Bank of India (RBI) on Friday said that steps were being taken to integrate the fraud reporting of NBFCs…