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...
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...
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...

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...
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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