The announcement regarding the proposed plan is expected to be announced shortly. (Image: Reuters) As the ongoing liquidity crisis of non-banking financial companies (NBFCs) rattles the financial markets, the Indian government has decided to intervene and is currently in the process to prepare a slew of measures to ease...
Investors appear skeptical about whether AT&T's $85 billion takeover Time Warner will get antitrust approval.At $107.50 per share, AT&T's offer represents a 36% premium over Time Warner's most recent closing price. However, as of Friday's close Time Warner shares were trading at just $87.47, an 18% discount to...
Bank credit grows at 14.35 per cent, deposits at 8.86 per cent: RBI data Bank credit increased by 14.35 per cent to Rs 89.93 lakh crore in the fortnight ended October 12, while the deposits rose by 8.86 per cent to Rs 117.85 lakh crore, according to the Reserve...
NEW YORK, Nov 24 (Reuters) - Wells Fargo & Co has asked a U.S. court to order dozens of customers who are suing the bank over the opening of unauthorized accounts to resolve their disputes in private arbitrations instead of court, according to legal documents. The motion, filed in...
Finance Minister Arun Jaitley holds meeting with banks to review liquidity situation Finance Minister Arun Jaitley Friday met heads of top public sector banks to review the cash position in the system amid concerns of a liquidity crunch being faced by some sectors, sources said. Banks said they have enough...
Law enforcement efforts to stop the water protectors at Standing Rock have taken a new turn: in the midst of the most severe weather since the camps were established, North Dakota Governor Jack Dalrymple has issued an "emergency evacuation order" of the largest camp, and is threatening to...
Five years ago, the mention of "Fintech" might cause your eyes to glaze over and now it has become one of the hottest industries in the startup world. Go figure! If you take a look at the truly remarkable and profit-driven innovations that have been coming out of...
RBI Deputy Governor Viral Acharya said governments that do not respect central bank’s independence would sooner or later incur the wrath of the financial markets. All India Reserve Bank Employees Association (AIRBEA) Monday expressed concern over the recent statements made by deputy governor Viral Acharya and sought autonomy of...
RBI may cut CRR by 1 per cent in December if FPI flows don’t revive, says BofAML report Bank of America Merrill Lynch (BofAML) Monday said the RBI is likely to reduce the cash reserve ratio (CRR), or the amount of bank deposits parked with the central bank, by...
There are many personal finance tenets to follow when you decide to take control of your finances. Perhaps one of the most important is this: Don't pay fees unless absolutely necessary. The average cost of checking account fees over a decade totals almost $1,000, according to a recent study....