Banks acting as villains for traders, alleges CAIT

The Confederation of All India Traders (CAIT) on Monday urged Union Finance Minister Nirmala Sitharaman to prevent banks from entering into an "unholy nexus"...

SMBs that quickly disclose hacking face 40% less financial loss

The small and medium businesses (SMBs) that decide to voluntarily inform about a data breach, on average, are likely to lose 40 percent less...

From Nov 27, Lakshmi Vilas Bank will cease to exist

From November 27, the 94-year-old Karur-headquartered Lakshmi Vilas Bank (LVB) will cease to exist officially and be amalgamated with DBS Bank India Ltd, a...

Goa waives 50% road tax for commercial vehicles

The Goa Cabinet on Wednesday decided to waive 50 percent road tax levied on commercial vehicles in the state during fiscal 2020-21, in order...

Google Pay to remove payments on web app, add transfer fee

Google Pay is set to kill the peer-to-peer payments facility on its web app in January and is going to add a fee for...

Nifty hits 13K for 1st time, Sensex above 44,400

The Indian equity indices surged to fresh record highs on Tuesday morning with the NSE Nifty50 crossing the 13,000 marks for the first time...

Bank licences to corporates a ‘bad idea: Raghuram Rajan

Days after an Internal Working Group (IWG) of Reserve Bank of India's (RBI) recommended allowing large Indian corporates to enter the banking sector, former...

As bank failures mount, RBI decision on new bank licenses could...

At a time when bank failures are increasing in India, the decision to distribute licenses could be controversial. As per a report by Macquarie...

Profit booking, global cues drag equities lower; banking stocks plunge

Profit booking along with a global sell-off due to concerns over rising Coronavirus cases pulled the Indian equity markets lower on Thursday. Accordingly, the...

Probe all officials, including of RBI, on LVB watch: AIBEA

Finance Minister Nirmala Sitharaman should intervene in the Lakshmi Vilas Bank (LVB) issue and announce that it would be amalgamated with a public sector...

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