In a statement issued here, the Central Bureau of Investigation (CBI) said Sridhar, former Branch Manager, Ooty, retired Lt. Colonel S.K. Sundaram and R.Sanjeevi, a private person, were convicted and sentenced to three years rigorous imprisonment each.
The rupee rebounded 25 paise to 68.33 against the US dollar in early trade on Thursday, in tandem with other emerging market currencies after Federal Reserve chief Jerome Powell bolstered expectations of a rate cut later this month.
"We have been closely monitoring the performance and developments in the NBFC and HFC sectors," governor Shaktikanta Das said
Mumbai: The Reserve Bank today said it will soon undertake "incognito visits" to bank branches to check culture towards customer complaints in banks.It will also undertake a review of how banks have implemented Charter of
New Delhi: While the monsoons so far have been able to diminish the fear of another year of drought, it still remains a concern for the country's growth prospect as well as its inflation outlook,
Beijing: Chinese currency today continued its sharp fall for the third consecutive day, sending jitters in the markets as the central bank assured that there will not be currency slump as feared by many at
New Delhi: Finance Minister Arun Jaitley on Monday said the government will -- after receiving comments from stakeholders -- decide on the draft Indian Financial Code, which proposes to remove the RBI governor's veto right
Mumbai: Hopes of a rate cut by the central bank, coupled with cheaper oil and stability in international markets, buoyed Indian equity markets during the trading days ended July 17, analysts said.Even expectations of a
Brussels: A summit of all European Union (EU) members planned for Sunday has been cancelled as talks over a third bailout deal for Greece would continue, said European Council President Donald Tusk."I have cancelled EUCO (European
New Delhi : Syenergy Environics on Tuesday said it is bringing out low-cost chips and strips for consumers to help them protect from radiation emitted from electronic objects.The Delhi-based firm provides radiation management and solutions
Washington: The Federal Reserve, America's central bank, has decided not to raise interest rates in June, but signalled that the long-awaited rate hike could come in September as the economic activity picks up."The committee expects
New Delhi: State-owned Central Bank of India will raise Rs.5,000-crore tier-I capital this fiscal by way of various modes such as QIP, rights issue and follow-on public offer (FPO).“...has informed BSE that Capital Raising Committee
Deoria: Nineteen persons have been arrested in connection of theft of Rs 2.77 crore from a branch of Central Bank of India, police today said."Nineteen persons have been arrested for giving shelter to absconding policeman
New Delhi: India Inc Wednesday welcomed the central bank's surprise decision to reduce key lending rates by 25 basis points."Coming on the back of a growth-oriented budget, the unexpected cut in headline interest rate by
Mumbai: State-run Central Bank of India has appointed SBI Caps to identify a buyer for its stake in Infrastructure Leasing & Financial Services (IL&FS). “We have appointed SBI Caps as the merchant banker to find
Mumbai: State-run Central Bank of India today reported a decline of 4 per cent in net profit to Rs 162.44 crore for the January-March period due to rise in non-performing assets.The bank had reported a
Mumbai: Yield on the 10-year government bond is likely to soften below 9 percent on hope that Reserve Bank will conduct more open market operations to improve the liquidity condition, say bankers.Last week, RBI Governor
Dubai: The UAE Central Bank has asked banks and money exchange houses in the country to advise their NRI (non-resident Indian) customers against carrying rupees while travelling to India.In an advisory, the bank also asked
New Delhi, Feb 3: State-owned Central Bank of India has announced a reduction of 0.25 per cent in its base rate or the minimum lending rate to 10.25 per cent."We have revised downwards our base
Mumbai, Dec 01: The BSE Sensex shot up to two-week high of 16,483.45 today, up 360 points on FII inflows amid strong global markets after moves by world's central bankers that would help ease the
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