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Economy

RBI asks rural banks to open new centres

RBI asks rural banks to open new…

Mumbai, Aug 8 (KNN) In order to speed up branch expansion in unbanked rural centres the Reserve bank of India (RBI) has asked all regional rural banks to prioritise…
Govt seeks to promote women entrepreneurs with all-women bank

Govt seeks to promote women entrepreneurs with…

New Delhi, Aug 8 (KNN)  The Finance Ministry’s plan to set up an all women bank is likely to materialise this October and will be headed by Executive…
Over 10.23 mn taxpayers file IT returns online till Aug 5; collections up by 13.27% this financial year

Over 10.23 mn taxpayers file IT returns…

New Delhi, Aug 7 (KNN)  More than 10.23 million taxpayers filed their income tax returns online this fiscal till August 5 which is a 68 per…
Raghuram Rajan is new RBI Governor

Raghuram Rajan is new RBI Governor

New Delhi, Aug 6 (KNN) Raghuram Rajan has been appointed as next Governor of the Reserve Bank of India for a period of three years. 

The…
BHEL downhill journey worries SME vendors

BHEL downhill journey worries SME vendors

New Delhi, Aug 6 (KNN)  Poor financial performance of the power equipment major BHEL and the shrinking order-book would  be leaving a bruising effect…
I-T dept warns tax defaulters of prosecution if TDS not paid

I-T dept warns tax defaulters of prosecution…

New Delhi, Aug 6 (KNN) The Income tax department has warned tax defaulters, who fail to deposit tax deducted at source (TDS) of prosecution, even leading to…
Negative trade balance with 80 countries; SMEs hit

Negative trade balance with 80 countries; SMEs…

NEW DELHI, Aug 5 (KNN) Be it China, Japan or Indonesia, India runs a trade deficit with not only them but 77 more countries, Parliament was informed today.
High freight costs cripple exporters

High freight costs cripple exporters

New Delhi, Aug 5 (KNN)  High freight costs continue to cripple Indian exporters’ ability to be competitive in international markets as compared…
RBI streamlines measures to safeguard ATM transactions, enhance customer service

RBI streamlines measures to safeguard ATM transactions,…

New Delhi, Aug 5 (KNN)  With an aim to enhance customer service with regard to ATM transactions, the Reserve Bank of India (RBI) has advised all scheduled…
Customers in 6 cities account for 60% of bank complaints

Customers in 6 cities account for 60%…

New Delhi, Aug 3 (KNN) Banks across six cities in India such as Bhopal, Chennai, Hyderabad, Kanpur, Mumbai and New Delhi have accounted for more than 60 per…