Govt mulling converting India Post Bank to small fin bank

New Delhi (IANS) The government on Wednesday told Lok Sabha that it is exploring the possibility of converting India Post and Payments Bank into a small finance bank.

"Possibilities of converting it (IPPB) into a small finance bank is being…

DoT advisory to telcos on sharing In-building telecom infrastructure

New Delhi (IANS) The Telecom Ministry has asked all operators to share among themselves in-building infrastructure in all government and public buildings airports, railway stations, bus terminals and likewise to boost competition and more importantly…

15 foreign banks keen to open branches in India

New Delhi (IANS) India could have more foreign banks soon as in the case of other Asian countries like China, Singapore and Hong Kong with 15 overseas banks have been in touch with the Central Bank, to open branches in the country.

As per RBI…

Scrap deposit insurance: AIBEA tells FM

Chennai (IANS) Even as the government is mulling increasing the insurance cover for bank deposits, the All India Bank Employees' Association (AIBEA) has demanded to scrap of such insurance cover for public sector bank deposits.

In a letter…

Cartelisation? Airtel, Vodafone issue similar tariff hike statements

New Delhi (IANS) The ongoing telecom crisis is set to hit the customers hard with two of the country's largest telcos -- Bharti Airtel and Vodafone -- deciding to hike tariffs from December 1 after they posted historic losses on account of provisioning…

India still projected as fastest growing economy: FM

New Delhi (IANS) Finance Minister Nirmala Sitharaman on Monday said in the Lok Sabha that growth has decelerated, but there is no slump and India is still projected to be the fastest growing economy in FY20 among the G-20 nations.

She said…

GST non-filers face cancellation of registration

New Delhi (IANS) The government is set to crack the whip on GST non-filers with plans afoot to cancel registration of repeat offenders.

Amid lower-than-expected GST collection in the past few months of the current fiscal, the Central Board…

Further demand slowdown on the cards: NCAER

Mumbai (IANS) Economic think-tank, National Council of Applied Economic Research (NCAER) on Saturday said India is likely to see a further slowdown in aggregate demand and GDP growth during 2019-20.

NCAER also anticipated a recurrence of the…

Speculation grows on Aadhaar linkage with property

New Delhi (IANS) Over the last 2-3 years, there has been off and on buzz about an impending decision to link Aadhaar with property and the decibel level around this audacious gambit has just got louder.

If the government goes ahead and implements…

SBI, PNB, IDBI set for recovery from bankrupt Essar Steel

New Delhi (IANS) The big win for lenders of bankrupt Essar Steel following the Supreme Court order on Friday has opened the doors for state-run banks like SBI, PNB, and IDBI Bank as well private banks like ICICI Bank and Edelwiess Asset Reconstruction…