Money & Banking

The Reserve Bank of India (RBI) should intervene in both spot and forward markets to arrest Indian rupee's depreciation, suggested a State Bank of India (SBI) Ecowrap report on Tuesday.   As per the report, during the June 2008 to May 2009 period, when rupee depreciated by 13 per...
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The State Bank of India (SBI) has put eight non-performing assets (NPAs), or bad loan accounts, on sale to recover over Rs 3,900 crore with the e-bidding auction process slated for later this month.   In a notification last week, SBI asked interested asset reconstruction companies...
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The latest global trade protectionist measures, along with high crude oil prices, dragged the Indian rupee to a fresh low of 72.98 per US dollar on Tuesday.   At 5 p.m., the rupee closed at 72.98 per greenback from its previous close of 72.51 per dollar.    It had opened at...
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The Enforcement Directorate (ED) said on Tuesday that it has registered a caee of money laundering against Karnataka Minister and Congress leader D.K. Shivakumar.   The action comes in the wake of a charge sheet filed by the Income Tax Department in a special court in Bengaluru...
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Rating agency ICRA on Monday downgraded the ratings of Infrastructure Leasing & Financial Services Ltd (IL&FS) for short-term and long-term borrowing programmes.   "ICRA has revised the long-term rating for the Rs 5,225 crore non-convertible debenture programme and the Rs 350 crore...
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