RBL Bank depositors protected, unanswered questions remain: AIBEA

Chennai (IANS) Depositors of the RBL Bank Ltd need not worry about the safety of their money as Section 45 of Banking Regulation Act will protect their interests, said a top leader of All India Bank Employees' Association (AIBEA).

He also…

Defer GST rate hike on textiles, footwear: CAIT to FM

New Delhi (IANS) The Confederation of All India Traders (CAIT) has urged Finance Minister Nirmala Sitharaman to defer the implementation of GST rate hike on textiles and footwear.

The proposal is to increase the rate of tax from 5 per cent…

RBL Bank didn't provide satisfactory answer for RBI appointing director

New Delhi (IANS) The RBL Bank management did not provide satisfactory reasons for the RBI's appointment of its official as an additional director on the bank's board and the sudden management rejig, according to a report by Emkay Global Financial…

Tata-Siemens JV to build 23-km Metro line for Pune via PPP mode

Mumba (IANS) The Tata Group and Siemens Ltd on Monday announced a joint venture to construct a 23.30 kms long elevated Metro Line for Pune, under the PPP mode.

This is the first metro project in India to be taken up under the Centre's new…

Tough road ahead for India's Crypto moment

New Delhi (IANS) The Cryptocurrency and Regulation of Official Digital Currency Bill 2021, seeking to prohibit all private cryptocurrencies in India, was set to be tabled in the Winter Session of Parliament that began on November 29. But the Bill…

Air India wins legal battle in English Court of Appeal

New Delhi (IANS) National carrier Air India has won a significant legal battle in a case of a passenger dispute in the UK.

Notably, a bench of the English Court of Appeal, has passed an order in favour of the airline.

Initially, a District…

Shiv Sena union to FM: Block LIC IPO till IDBI Bank imbroglio rectified

Pune (Maharashtra) (IANS) Making a plea for ordinary policy holders, the Shiv Sena's Bhartiya Kamgar Sena (BKS) on Thursday called upon Union Finance Minister Nirmala Sitharaman "not to move ahead with the LIC IPO" till the IDBI Bank Ltd's…

Industry bodies urge RBI to extend card tokenisation deadline

New Delhi (IANS) The Merchant Payments Alliance of India (MPAI) and the Alliance of Digital India Foundation (ADIF) on Wednesday urged the Reserve Bank of India (RBI) to extend the card-on-file (CoF) tokenisation deadline of December 31 for…

Global cues boost Indian equities; realty stocks' rise

Mumbai (IANS) Positive global cues along with bargain hunting supported India's key equity indices' up-move during the mid-afternoon trade on Wednesday.

However, rising Omicron cases as well as continuous outflows of foreign funds capped…

In 72 hours, IDBI Bank releases 3 figures of loan defaults by Diamantaire group

Mumbai (IANS) In a strange development, the government-backed private sector IDBI Bank Ltd. here has revealed three different figures of the alleged loans defaulted by a well-known diamantaire group, surprising banking and diamond industry circles.