As a Diwali gift to Central government employees and pensioners, the government on Wednesday raised the dearness allowance (DA) by 5%. The decision was approved in a Union Cabinet meeting Chaired by Prime Minister Narendra Modi today. Union minister Prakash...
State Bank of India (SBI), India’s largest public sector bank on Wednesday decided to cut the interest rates on savings deposits. The Banking major also announced a reduction in interest rates on fixed deposits (FDs) across select maturities. "In view...
The Reserve Bank of India has released the monthly Consumer Confidence Survey for September which has raised serious concern about the employment situation among Indian households as majority of people in the country thinks the job situation in India...
The Reserve Bank of India (RBI) today has put regulatory restrictions on the amount depositors of Mumbai based "Punjab and Maharashtra Cooperative Bank (PMC Bank)," according to which the depositors will be allowed to withdraw a sum not exceeding...
Paytm, India's digital payments honcho Paytm is likely to buy stake in Yes Bank reportedly from banks co-founder Rana Kapoor. According to the reports, Rana Kapoor is in early discussions with Paytm for the same. Moreover, the structure of the...