Tag archive for ‘By’
By Loknath Das On Monday, August 21st, 2017

GST Improves Transport Sector Efficiency By 30%: PM Modi

New Delhi: Abolition of inter-state check posts after the implementation of GST (Goods and Services Tax) has reduced time for movement of goods by 30 per cent and saved thousands of crores of rupees, Prime Minister More...

By Loknath Das On Thursday, August 17th, 2017

July Consumer Inflation Data Could Delay Rate Move By RBI, Say Experts

Mumbai: Annual consumer price inflation picked up to 2.36 per cent in July from 1.54 per cent in June, as a decline in food prices slowed sharply, government data showed on Monday. The rise was faster than the More...

By Loknath Das On Monday, August 7th, 2017

Indian Bank Sets Target Of Gross Bad Loans Under 5% By March

Mumbai: Indian Bank is looking to bring down its gross non-performing assets (NPAs) to below 5 per cent by March from over 7 per cent in the June quarter on the back of better recoveries, upgrades and write-offs, More...

By Loknath Das On Saturday, August 5th, 2017

After SBI, Bank of Baroda cuts interest on savings account by 50 basis points

Within days of SBI slashing interest rate on savings bank account, another PSU bank — Bank of Baroda — has followed suit, cutting it to 3.5% on deposits of up to Rs 50 lakh. “We wish to inform you More...

By Loknath Das On Wednesday, August 2nd, 2017

SBI cuts interest rates for savings accounts by 0.5% to 3.5%

New Delhi: India’s largest lender SBI on Monday announced a 0.5 percent (50 basis points) cut in interest rates for savings bank deposits, effective immediately. According to the new structure, for saving More...

By Loknath Das On Saturday, July 29th, 2017

IDFC Bank aims to triple branches, increase POS by 100% in 36 months

IDFC Bank will pursue its branch expansion plan organically during the current fiscal and won’t wait till Shriram merger happens, a top official said.   Meanwhile, the bank has chalked out its plan for More...

By Loknath Das On Thursday, July 27th, 2017

Amagi Media will launch Thunderstorm technology in India by October

Ad-tech company Amagi Media Labs is all set to launch its Thunderstorm OTT Ad Insertion service in India by October. The technology which has already been deployed in the US and UK markets will help subvert ad-blockers More...

By Loknath Das On Wednesday, July 12th, 2017

Ensure All Traders Register Under GST By August 15: PM To Chief Secretaries

New Delhi: Prime Minister Narendra Modi on Wednesday asked all chief secretaries to work expeditiously towards ensuring that all traders are registered under the GST regime before August 15, a PMO statement said. He More...

By Loknath Das On Thursday, June 15th, 2017

12 Defaulters Identified By RBI To Be Named Soon: Finance Ministry

New Delhi: The Finance Ministry today said names of the 12 big defaulters identified by the RBI for initiation of bankruptcy proceedings will soon be made public. The RBI yesterday said it has identified 12 large More...

By Loknath Das On Tuesday, June 13th, 2017

Bosses of Goldman Sachs and Citigroup drawn into hoax by email prankster

The bosses of Wall Street banks Goldman Sachs and Citigroup are the latest executives to fall victim to an email prankster who has also managed to connect with the head of Barclays and the governor of the Bank More...