Maeeshat India's First Magazine Focusing Minorities Business & Economy

By Anjana Das, New Delhi : IDBI Bank has sounded out its new owner LIC seeking another tranche of up to Rs 12,000 crore to meet its huge provisioning requirements amid mounting losses. The fresh support is required to cover ...

Mumbai : The Reserve Bank of India (RBI) has imposed separate monetary penalties on lenders — UCO Bank, Axis Bank and Syndicate Bank — over deficiencies in complying with different regulatory norms. The RBI imposed a penalty of Rs 2 ...

Mumbai : The Reserve Bank of India is widely expected to keep its key lending rate for commercial banks unchanged at 6.5 per cent for the third time in succession when it makes the fiscal’s final bimonthly monetary policy review ...

New Delhi : India’s budgetary fiscal deficit for the April-December period stood at Rs 7.01 lakh crore or 112.4 per cent of the budgeted target of Rs 6.24 lakh crore, official data showed on Monday. The data furnished by the ...

Mumbai : IDBI Bank has said that its Board has approved a proposal to change the name of the lender to either LIC IDBI Bank or LIC Bank, subject to regulatory and shareholders’ approval. According to the lender, its Board ...

  Mumbai : Mauritius Prime Minister P.K. Jugnauth inaugurated the SBM Bank (India) Ltd, which becomes the first foreign bank in India that was granted the Reserve Bank of India (RBI) licence to operate as a wholly owned subsidiary, an ...

Mumbai : Despite heavy volatility, fresh inflows of foreign funds and buying interest in FMCG, banking and realty stocks lifted the Indian equity market for the fourth straight session on Wednesday. Accordingly, the BSE Sensex crossed the 36,000-mark while the ...

By Rohit Vaid, Mumbai : The upcoming quarterly results season, along with the release of macro-economic industrial production data and global developments on trade protectionist measures, are expected to determine the trajectory of key equity indices next week. Market observers ...

New Delhi : Revenue collection under the Goods and Services Tax (GST) fell for the second straight month to Rs 94,726 crore in December from Rs 97,637 crore collected in November despite a rise in the number of tax returns ...

Kolkata : Leading private insurer SBI Life Insurance on Monday said it has signed a ‘bancassurance’ pact, with state-run Allahabad Bank to offer a financial planning solution to consumers. One of the largest bancassurance partnerships in the country will see ...