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SBI Rs 7,000 crore loan 'write off' not a loan waiver: Arun Jaitley SBI Rs 7,000 crore loan 'write off' not a loan waiver: Arun Jaitley

As a controversy arose over SBI reportedly writing off loans worth Rs 7,000 crore including that of Vijaya Mallya promoted Kingfisher Airlines, government and the bank today maintained that there was no loan waiver and the liability on the borrowers still remains.

Sensex succumbs to late sell-off, ends flat on global cues Sensex succumbs to late sell-off, ends flat on global cues

Market benchmark Sensex ended a shade lower today after giving up early gains of about 317 points on widespread fag-end selling amid sustained capital outflows by foreign funds and a weak trend in European shares.

Demonetisation: Bank deposit to see sharp decline once withdrawal norms ease Demonetisation: Bank deposit to see sharp decline once withdrawal norms ease

With about Rs 4 lakh crore coming into the banking system within a week after demonetisation, Moody's Investors Service on Wednesday cautioned that banks' deposit base will witness a "sharp decline" as and when the current restriction on cash withdrawals eases.

'RBI may cut rate by 0.25% as inflation target within reach' 'RBI may cut rate by 0.25% as inflation target within reach'

The Monetary Policy Committee headed by RBI Governor Urjit Patel last month cut benchmark interest rates by 0.25 percent to 6.25 percent.

Sensex surges 317 points; Nifty reclaims 8,200-mark Sensex surges 317 points; Nifty reclaims 8,200-mark

The benchmark Sensex rebounded almost 317 points to 26,621.40 and the broader Nifty reclaimed the 8,200-mark in early trade today on account of positive macro-economic data.

Tata Motors shares skid 10%; mcap drops by Rs 15,057 crore

Shares of Tata Motors Tuesday plummeted nearly 10 percent, eroding Rs 15,057.51 crore from its market valuation, after the company's standalone net loss widened to Rs 631 crore in the September quarter.

Sensex at 6-month low, crashes 514 points; Nifty cracks below 8,200-level Sensex at 6-month low, crashes 514 points; Nifty cracks below 8,200-level

Markets took another blow on Tuesday as the Sensex plunged over 514 points to end at nearly 6-month low of 26,305 while the Nifty cracked below 8,200 mark on concerns about outflows amid surging US yields and the dollar gathering more steam.

Sensex sinks over 500 points, Nifty down 188 points on capital outflow concerns Sensex sinks over 500 points, Nifty down 188 points on capital outflow concerns

Zee Media Bureau

Mumbai: Benchmark BSE Sensex fell low by over 510 points to end at 226,304.63, while NSE Nifty slides 2.26% lower to close at 8,108.45.

RBI says deadline for banks to clean up books 'stands' at March 2017 RBI says deadline for banks to clean up books 'stands' at March 2017

Reserve Bank deputy governor N S Vishwanathan today said the deadline for banks to clean up their balance sheet 'stands' at March 2017, even as its governor Urjit Patel hinting at pragmatic approach in dealing with NPAs.

Sensex crashes over 340 points on capital outflows, weak rupee Sensex crashes over 340 points on capital outflows, weak rupee

The benchmark BSE Sensex crashed by over 344 points and the NSE Nifty dipped below 8,200-mark in early trade today as investors engaged in cutting down their bets amid rupee plunging by 42 paise.

'Raghuram Rajan too may have cut interest rate like Urjit Patel did' 'Raghuram Rajan too may have cut interest rate like Urjit Patel did'

Flamboyant former Reserve Bank Governor Raghuram Rajan too may have cut interest rates like his successor Urjit Patel did at his every first monetary policy review, said rating agency Fitch.

Demonetisation: RBI urges public not to hoard cash, avoid going to bank branches repeatedly Demonetisation: RBI urges public not to hoard cash, avoid going to bank branches repeatedly

In the wake of the demonetisation of high denomination notes, Reserve Bank of India (RBI) on Sunday appealed to citizens not to hoard cash and avoid going to bank branches repeatedly.

FPIs take out Rs 3,200 crore from Indian stock markets in November on Donald Trump jitters FPIs take out Rs 3,200 crore from Indian stock markets in November on Donald Trump jitters

Continuing their selling spree, foreign investors have pulled out close to Rs 3,200 crore from the Indian stock market this month so far on concerns that Donald Trump's impending reforms may spark outflows from emerging markets.

Finance Ministry asks RBI to set up special cell to monitor fake currency

Concerned over circulation of fake currency in the country, Finance Ministry today asked the Reserve Bank to set up a special cell to monitor such notes.

Post offices collect, exchange demonetised currency worth Rs 435 crore Post offices collect, exchange demonetised currency worth Rs 435 crore

Post offices across Maharashtra and Goa have collected as well as exchanged the demonetised currency notes worth around Rs 435 crore within two days, a senior official said on Saturday.

About Rs 2 lakh crore deposited till Saturday afternoon in banks: Arun Jaitley

Union Finance Minister Arun Jaitley said around Rs 2 lakh crore has been deposited till 12.15 pm on Saturday in banks across the country, following the demonetisation of Rs 500 and Rs 1,000 notes.

 

 

Market meltdown: Here is why the Sensex crashed by 699 points! Market meltdown: Here is why the Sensex crashed by 699 points!

The Indian stock market on Friday crashed with Sensex plunging 699 points, the most single-day fall in 9 months and the lowest closing in 4 months.

Rupee plunges 62 paise to crack 67 mark against US dollar Rupee plunges 62 paise to crack 67 mark against US dollar

The rupee Friday breached the 67 mark to end at over three-month low level of 67.25 against the US currency on fears of capital outflows amid resurgent dollar overseas.

Note clampdown positive for liquidity, fiscal maths: Goldman Sachs Note clampdown positive for liquidity, fiscal maths: Goldman Sachs

In a bid to fight against black money, fake currency, corruption and terror financing, Prime Minister Narendra Modi announced demonetisation of Rs 1,000 and Rs 500 notes on Tuesday night.

SBI gets Rs 53,000 crore deposits till mid-day SBI gets Rs 53,000 crore deposits till mid-day

SBI Friday said it has received deposits worth Rs 53,000 crore after the government scrapped Rs 500/1,000 notes and has exchanged currency worth about Rs 1,500 crore so far.