Banking & Finance

As on 19 July 2019, 3,700 projects worth about Rs.136,000 crore have been tendered under the 100 Smart Cities Mission (SCM) programme, said the Ministry of Housing & Urban Affairs on 29 July 2019.

The Reserve Bank of India Governor Shaktikanta Das has discussed banking and financial sector issues with CEOs of the public sector banks and the Chief Executive of Indian Banks Association (IBA).

The Reserve Bank of India (RBI) is to be given more powers to regulate Non-Banking Financial Companies (NBFCs) through an amendment a Finance Bill, 2019, in the ongoing Budget Session 2019 of Parliament.

The post-Budget rally in the Indian bonds has lost steam, said Singapore-based DBS Group Research in its daily market report on 23 July 2019.

HDFC Bank Ltd's higher provisions on its unsecured loans are timely and provide a buffer against potential deterioration in asset quality, said S&P Global Ratings.

A Singapore subsidiary of TVS Motor Company Limited has signed definitive agreements to invest US$7 million in Delaware’s Scienaptic Systems Inc.

The revision of Double Tax Avoidance Agreement (DTAA) treaty between India and China is another step towards developing economic affiliation and improve cooperation in tax matters, noted tax consultants Nangia & CO LLP in its July newsletter.

Civil Aviation Ministry has formed an alternate mechanism for disinvestment of Air India to give timeline for disinvestment and first meeting will take place soon, Hardeep Singh Puri, Minister of State (I/C), Ministry of Civil Aviation said on 20 July...

Larsen & Toubro Infotech Ltd has signed a definitive agreement to acquire Bengaluru’s Lymbyc, a specialist AI, machine learning, and advanced analytics company.

ICICI Bank has launched a digital platform curated specially for MSMEs and self-employed customers to undertake their business banking transactions digitally and instantly.