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CAIT urges govt to restrict e-commerce companies to sell only essential goods; seeks fiscal stimulus to tide over crisis

The CAIT urged Goyal and Paswan that the e-taliers should be allowed to sell only essential commodities and they should be directed to close their portals for rest of the products.

Sterling Biotech fraud case: Rift between probe agencies, banks wide open; company promoters tried to stall SEBI investigation

In 2007, Sterling Biotech and SIEL were under the lens of SEBI in connection with the dealings in the shares for the period from 18 August 2005 to 27 September 2005.

DHFL crisis: Govt orders SFIO probe into financial fraud charges against debt-laden mortgage lender, 5 other real estate firms

The debt-ridden DHFL came under the scanner in the wake of allegations that the company had siphoned off Rs 31,000 crore worth bank loans through layers of shell entities.

Public sector banks had 'worst phase' under Manmohan Singh, Raghuram Rajan: Nirmala Sitharaman

Finance Minister Nirmala Sitharaman has said that the Indian public sector banks had the "worst phase" under the combination of former Prime Minister Manmohan Singh and RBI Governor Raghuram Rajan

RBI monetary policies have become a joke to individual borrowers and small businessmen; here's why

Despite the 135 basis points cut in repo rate, at which the Reserve Bank of India (RBI) lends short-term funds to banks, banks have lowered only 30-40 bps to their borrowers

Low demand and reluctance to invest to blame for slowdown in economy, says Yashwant Sinha

Corporate, PSU sectors have suffered in the last year. The demand in the economy, which is the growth engine, has come crashing down, Sinha said

RBI governor Shaktikanta Das says time banks link loans, deposits to repo rate; move can speed up monetary transmission process

After over a dozen public sector banks, including State Bank, have voluntarily linked their loans and deposits pricing to the repo rate, Reserve Bank governor Shaktikanta Das Monday stressed on the need for the entire system switching to this model, saying such a moved can speed up the monetary transmission process

Piramal Enterprises sharply cuts short-term borrowings, reduces dependence on CPs as NBFC crisis lingers

Without naming IL&FS, Ajay Piramal said, in September 2018, the default by a large financial services company on its debt instruments resulted in a sector-wide liquidity tightening

HDFC Bank refused loans to Vijay Mallya; need to separate friendships from banking, cautions MD, CEO Aditya Puri

Aditya Puri cited how his bank turned down a loan request from the now-fugitive businessman Vijay Mallya

Sterling Biotech bank fraud case: Hitesh Patel arrested in Albania raised dummy companies with help of family members

Fugitive businessman Hitesh Narendrabhai Patel, wanted in the Rs 8,100 crore bank fraud involving Sterling Biotech and Sandesara Group, was running benami entities to siphon off loans obtained from financial institutions.