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CHENNAI: Although the All India Bank Employees' Association (AIBEA) had earlier demanded RBI Governor Urjit Patel's resignation, his calling it quits on Monday has left the banking body shocked and disturbed and it has termed it a "dangerous trend". "The resignation of RBI

Reserve Bank of India Governor Urjit Patel stepped down on Monday. His resignation will take effect immediately, Mr Patel said in a statement. He took charge as chief of the central bank in September 2016, replacing Raghuram Rajan, who stepped down to return to academia after a single three-year term. Mr Patel's exit from the top central bank

Domestic stock markets had a gap-down start on Monday amid weak global cues. The S-P BSE Sensex started at 35,204.66 and the Nifty50 barometer of the National Stock Exchange (NSE) was at 10,508.70 against their last closing

Domestic stock markets swung between gains and losses after counting of assembly election votes hinted at a Congress victory in two  BJP-ruled heartland states. At 12:06 pm, the S-P BSE Sensex traded at 34,892.43, down 67.29 points or 0.19 per cent and the Nifty50 barometer of the National

Urjit Patel resigned as governor of the Reserve Bank of India amid growing differences with the government on how to address issues ranging from problems at the country's lenders to parting with the central bank's capital.

In the latest chapter of a global debate on whether politicians are increasingly undermining the independence of central banks,

Washington: India's growth has been "very solid" over the past four years, IMF's Chief Economist Maurice Obstfeld said, praising the fundamental economic reforms like GST and the Insolvency and Bankruptcy Code carried out by the government. Obstfeld,

NEW DELHI: The vice chairman of an influential government think tank on Tuesday played down the shock resignation of Reserve Bank of India governor Urjit Patel, saying the government would do whatever is required to ensure stability.

"It is not as if the RBI is

Urjit Patel resigned as Reserve Bank of India Governor on Monday amid growing differences with the government over a range of subjects including the central bank's autonomy. "On account of personal reasons, I have

Drawing the link between demonetisation and GDP numbers, former Chief Economic Advisor Arvind Subramanian has said the puzzle thrown up by the note ban has a dual aspect - whether its impact as seen in the GDP (gross domestic product) numbers reflects a

Rupee and bonds plunged following Reserve Bank of India Governor Urjit Patel's unexpected resignation after market hours on Monday shocked investors.

Concerns about likely mixed results from crucial state elections later on Tuesday also kept traders wary.

The rupee

Stock markets shed around 2 per cent to log their worst close in four weeks, as investors turned cautious a day ahead of assembly election results of five states. The Sensex nosedived 713 points to end at 34,959, while the Nifty

Atal Pension Yojana (APY) is a government-run pension scheme focused on individuals working in the unorganised sector. Regulator PFRDA or Pension Fund Regulatory and Development Authority, which administers the Atal pension scheme, allows

Stock, currency and bond markets plunged in morning trade today as counting of votes cast in assembly elections in five states was underway. The shock exit of Reserve Bank of India (RBI) Governor Urjit Patel

The chief executive officer of Myntra, a unit of Walmart Inc-owned Flipkart, has resigned and a Flipkart executive has been tasked with heading the online fashion retailer, Mint newspaper reported on Monday.

Myntra CEO Ananth Narayanan's position will be abolished as Flipkart's Amar

GoAir commenced flight operations from Bengaluru to Phuket, Thailand and Male, Maldives on Sunday, news agency IANS reported citing a company statement. That marked the third addition to the airline's international network, after introduction of international flights

The stock markets are likely to open sharply lower on Tuesday, a day marked with the much-awaited results of assembly elections in five states. The SGX Nifty was down 169.5 points, or 1.6 per cent, at 10,348.50 on Tuesday morning. The Nifty and Sensex had

The Union Cabinet on Monday raised government contribution towards the National Pension System (NPS) to 14 per cent. The move, which will lead to higher payouts, is expected to benefit 18 lakh central

Kisan Vikas Patra (KVP) is one among nine small savings schemes offered by India Post. Investment in KVP at present fetches a return of 7.7 per cent. Interest on money deposited in the KVP account is compounded on an

NEW DELHI: Eminent economist and columnist Surjit Bhalla on Tuesday said that he had resigned as part-time member of Economic Advisory Council to the Prime Minister (EAC-PM) on December 1.

"I resigned as part-time member of PMEAC on December 1," Bhalla said on social networking site Twitter.

Th

NEW DELHI: Direct tax collection grew 14.7 per cent from a year earlier to Rs 5.51 lakh crore ($77.77 billion) during April to November, the finance ministry said in a statement on Monday.

(Also Read: Filing Of Income Tax Returns Rises 50% So Far

Banks have mandated regular saving bank account users to maintain a certain average monthly balance (AMB) in their accounts, failing which they have to bear certain penalty charges. Average Monthly Balance (AMB) is the minimum average of deposits required

Reserve Bank of India Governor Urjit Patel resigned for "personal reasons" on Monday, a decision analysts linked to intense government pressure on the bank to ease regulatory curbs.

The government and the RBI have been fighting for weeks over

GoAir said that it has added Kannur, Kerala, as its 24th destination. The Kannur International Airport, began operations after its inauguration on Sunday. GoAir is connecting Kannur to Bengaluru, Hyderabad and Chennai, according to goair.in. Flight

Budget carrier SpiceJet announced new flight connections at a starting all-inclusive price of Rs 2,209. The daily direct flights introduced by the carrier, will operate on the Hyderabad-Kolkata, Hyderabad-Pune and Hyderabad-Coimbatore routes, starting from January 1, 2019, noted

The rupee weakened by 50 paise against the dollar on Monday, as domestic equity markets plunged amid renewed concerns on the US-China trade front. A two per cent fall in the domestic equity markets, a day ahead of key state election results,

Kotak Mahindra Bank Ltd said on Monday it had challenged in court the central bank's decision to disregard the issue of preference shares to reduce promoter stake in the private-sector lender, sending shares sharply lower. Uday Kotak, the

NPS or National Pension System, a retirement savings scheme, is a pension-cum-investment scheme which offers regulated market-based return. NPS subscribers invest money to the fund that invests, via pension fund managers (PFMs), in various money-making i

The Reserve Bank of India Monday denied speculation about Deputy Governor Viral Acharya also quitting his job, after Governor Urjit Patel stepped down, terming them as incorrect and baseless rumours.

"Reports of deputy governor Acharya also having

BENGALURU: Inflation is likely to have cooled to a 16-month low in November, according to a Reuters poll, as food and fuel prices fell, supporting the Reserve Bank of India (RBI)'s decision to keep interest rates on hold at a policy meeting last week

Indian Railway Catering and Tourism Corporation (IRCTC) on Saturday flagged off new Buddhist circuit tourist train from Safdurjung Railway Station. The new Buddhist circuit tourist train is equipped with enhanced features and will cover all the important destinations