China scraps dividend tax for long-term investors

Last Updated: Tuesday, September 8, 2015, 18:15

Chinese investors holding a stock for more than one year will be exempted from a 5-percent dividend tax from Tuesday, a move aimed at boosting long term investment following recent stock market collapse in the world's second biggest economy.

IMF says near-term growth prospects remain favourable in India

Last Updated: Thursday, September 3, 2015, 08:29

Near-term growth prospects remain favourable in India but some macroeconomic imbalances still exist, International Monetary Fund said today ahead of the meeting of finance ministers from G-20 countries in Turkey.

Tata Steel plans to raise Rs 1,500 cr via short-term debt notes

Last Updated: Thursday, August 20, 2015, 22:07

Tata Steel is planning to raise Rs 1,500 crore through issuance of commercial paper (CP), a short-term debt instrument.

Oriental Bank of Commerce cuts lending rate by 0.1%

Last Updated: Friday, August 14, 2015, 15:52

The bank has reduced base rate to 9.90 percent from 10 percent.

RBI asks banks to provide short-term crop loans at lower rate

Last Updated: Thursday, August 13, 2015, 20:31

The Reserve Bank on Thursday asked all banks to provide interest concession of 2 percent on short term crop loans of up to Rs 3 lakh to farmers.

Govt examining proposal to raise Rs 40K cr via bonds from LIC

Last Updated: Tuesday, August 4, 2015, 16:16

Faced with severe shortage of funds to meet the food subsidy bill, the government today said it is examining a proposal to raise Rs 40,000 crore via long-term bonds from LIC to liquidate the subsidy arrears.

Govt releases Rs 11,281 crore for settling farm claims

Last Updated: Monday, July 27, 2015, 21:30

The government on Monday said it has released Rs 11,281 crore between April and July to NABARD to pay interest subvention claims to banks for short-term crop loans of up to Rs 3 lakh to farmers.

OBC cuts short-term deposit rates on select maturities

Last Updated: Saturday, July 25, 2015, 15:39

Oriental Bank of Commerce (OBC) has reduced interest on term deposits by 25 basis points on select maturities with effect from July 27.

PNB cuts rate on FD on select maturities by up to 0.25%

Last Updated: Tuesday, June 23, 2015, 20:14

The bank has slashed the interest rate by 0.25 percent from 7.75 percent to 7.50 on term deposits with 180 days to one year tenure.

BSNL gets CARE's AAA rating for Rs 8,000 cr long term debt

Last Updated: Tuesday, June 23, 2015, 19:23

BSNL said that it has got its long term loan rated by CARE to comply with the condition of public sector banks.

Finance Minister to meet heads of PSU banks tomorrow

Last Updated: Friday, June 12, 2015, 12:37

The top 30 defaulters are sitting on bad loans of Rs 95,122 crore, which is more than one-third of the entire NPAs of public sector banks. It amounts to 36.50 percent.

Moody's downgrades IDBI Bank's baseline credit profile

Last Updated: Friday, June 5, 2015, 17:32

"We consider that IDBI Bank's standalone credit profile continues to be negatively impacted by its asset quality issues. Its impaired loan ratio rose to 14.7 percent at end-March 2015 as against 12.16 percent a year earlier," it said.