Banking & Finance

Larsen & Toubro Infotech (LTI) has joined Guidewire PartnerConnect™ as a Consulting alliance member at the Select level for the Americas, said Foster City-based Guidewire Software, Inc (NYSE: GWRE), provider of the industry platform Property and Casualty (P&C) insurers rely...

Calling for conducive tax structures to attract equity investments, Confederation of Indian Industry (CII) said that tax incidence on equity needs to be lowered to incentivize risk capital in the economy.

ASSOCHAM has impressed upon the government, RBI and the banks to ensure adequate liquidity into NBFCs, provide investment incentives and cut corporate tax rates for revival in the economic growth and creation of new entrepreneurial opportunities.

The Karnataka government has proposed to ban construction of new apartments in Bangalore for 5 years. This is a harsh scenario to ponder, considering that the reasons that led to its need are haphazard over-construction and negligence to implement proper...

The World Bank is lending US$250 million for the development of 766 kms of Rajasthan’s Roads and Highways as part of the State Highways Development Project Phase-II.

The World Bank is lending US$400 million to expand the coverage and the quality of interventions for the control of Tuberculosis (TB), which kills approximately half a million people in India every year.

Japan’s OKI has won the contract to supply 3,500 cash-recycling machines and associated services for the State Bank of India (SBI), India’s largest bank.

Deregulated interest rate on advances     The Government and Reserve Bank of India (RBI) have advice Scheduled Commercial Banks (SCBs) have taken several steps to ensure access of credit to Micro, Small and Medium Enterprises (MSMEs). This follows several...

Gross Non-Performing Assets (NPAs) of Public Sector Banks (PSBs) have declined by Rs.89,189 crore on the year to Rs.806,412 crore in financial year ended March 2019 based on provisional data from the Reserve Bank of India. It peaked at Rs.895,601...

World Bank is lending US$31.58 million for the Uttarakhand Public Financial Management Strengthening Project that will help improve the State’s ability to manage its Financial Systems and lead to Better Utilization of Development Resources.