Thiruvananthapuram
C
Alappuzha
Ernakulam
Idukki
Kannur
Kasaragod
Kollam
Kottayam
Kozhikode
Malappuram
Palakkad
Pathanamthitta
Thiruvananthapuram
Thrissur
Wayanad
Friday, March 05, 2021

money

EPFO asks field offices to credit pension by March 30

Retirement fund body EPFO directed its 135 field offices to ensure payment of pension to 65 lakh beneficiaries by March 30 amid the coronavirus lockd...

Govt waives minimum bank balance charge for saving a/c

The government has allowed free of charge cash withdrawal from any other bank ATM for debit card holders for three months in the wake of the coronavi...

RBI to infuse Rs 1 lakh cr through term repo auction

In a bid to provide additional liquidity to the system hit by the coronavirus outbreak, the Reserve Bank of India (RBI) decided to inject Rs 1 lakh c...

Govt may cut rate on small savings schemes

The government is considering rate moderation for small savings schemes in the upcoming quarter, a development that could lead to speedier transmissi...

Yes Bank reports Rs 18,564-cr loss for Dec quarter

Crisis-hit Yes Bank reported a loss of Rs 18,564 crore for the December quarter. The bank, which has been put under moratorium by the government last...

ICICI Bank to invest Rs 1,000 cr in Yes Bank

ICICI Bank said its board has approved investing Rs 1,000 crore in Yes Bank. ICICI Bank board approves to acquire 100 crore equity shares in Yes Bank...

SBI gets approval to invest Rs 7,250 cr in Yes Bank

The country's largest lender State Bank of India said it has received approval to buy Rs 7,250 crore worth of shares in crisis-hit Yes Bank. "The exe...

SBI waives minimum balance charges on savings bank accounts

India's largest bank SBI announced that it will waive charges for non-maintenance of average monthly balance (AMB) for all 44.51 crore savings bank a...

SBI cuts MCLR by up to 15 bps across tenors

The country's largest lender State Bank of India (SBI) said it has reduced its marginal cost of fund-based lending rate (MCLR) by up to 15 basis poin...

SBI sets Rs 10,000-cr cap for Yes Bank investment

State Bank of India, which can pick up 49 per cent stake in crisis-hit Yes Bank under the RBI's draft scheme of reconstruction, has set a maximu...

Yes Bank depositors' money is safe: Minister

As panicky depositors rushed to withdraw money from Yes Bank whose control was seized by the RBI in a dramatic late-night move, Finance Minister Nirm...

GST collections at Rs 1.05 lakh cr in Feb

The government has collected Rs 1.05 lakh crore as GST revenue in February, up 8 per cent over the same month last year. The collection from Goods an...

Govt to infuse Rs 200 cr in IFCI next fiscal

The government has decided to pump Rs 200 crore into IFCI, the country's oldest term lending institution, through the preferential allotment route ne...

Govt to launch monthly GST lottery scheme from Apr 1

The government is planning to launch lottery offer under the Goods and Services Tax (GST) from April 1 by conducting lucky draws every month for invo...

SBI Cards mops up Rs 2,769 cr from anchor investors

SBI Cards and Payment Services has raised Rs 2,769 crore from 74 anchor investors, ahead of its initial share sale starting on March 2. Anchor invest...

Forex reserves up by USD 29 mn to record USD 476.12 bn

India's foreign exchange reserves inched up by USD 29 million to a fresh lifetime high of USD 476.122 billion in the week to February 21, aided by an...

No timeline to remove I-T exemptions: Minister

Finance Minister Nirmala Sitharaman said the idea behind introducing second alternative tax slabs sans exemptions is to take the country towards "a s...

Forex reserves soar to record USD 473 bn

The country's foreign exchange reserves rose by USD 1.701 billion to a lifetime high of USD 473 billion in the week to February 7 on account of incre...

LIC new biz premium crosses Rs 1.5-lakh-crore-mark

The IPO-bound Life Insurance Corporation (LIC) said its new business premium has crossed the Rs 1.5-lakh-crore-mark for the first time, helping the n...

FinMin working on FRDI bill, says Minister

The Finance ministry is working on the contentious Financial Resolution and Deposit Insurance (FRDI) Bill but not sure when it will be tabled in the ...