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PSU banks plan closure of 70 overseas offices in FY18

Public sector banks are in the process of closing or rationalising about 70 overseas operations as part of capital conservation exercise.

posted by Jawwad Kazi 27th Aug 2018

Rs 3 lakh crore loans to come under IBC for resolution

As much as Rs 3 lakh crore worth of loans of 70-80 companies is likely to come in for resolution under the Insolvency and Bankruptcy Code (IBC)

posted by Jawwad Kazi 26th Aug 2018

Forex reserves drop $33.2 million to $400.84 billion

According to RBI data, India’s foreign exchange reserves fell by $33.2 million to $400.847 billion in the week to 17 August mainly due to fall in foreign currency assets.

posted by Jawwad Kazi 25th Aug 2018

US sanction on Iran lead to rise in oil prices

Oil prices gained more than 1 percent on Friday, ending a run of weekly declines on signs that Iran sanctions may limit global supply and that a trade war may not curb China’s appetite for U.S. crude.

posted by Jawwad Kazi 25th Aug 2018

Finance Commission holds second consultation

15th Finance Commission held its second consultation with the leading economists in Pune on 21st August 2018.

posted by Jawwad Kazi 23rd Aug 2018