Category: NEWS

RBI extends RTGS timing till 1800 hrs

NEW DELHI: Timings for fund transfer through RTGS have been extended by one-and-a-half hours to 1800 hrs for the general public from June 1, the Reserve Bank of India said on Tuesday. Under Real Time Gross Settlement (RTGS) System, there is a continuous and real-time settlement of fund-transfers, individually on a transaction by transaction basis […]

Switzerland steps up sharing banking information; 11 Indians get notices in a day

NEW DELHI/BERNE: Switzerland has since March sent at least 25 notices to Indian clients of its banks, giving them a chance to appeal before it gives information about them to the Indian government. An analysis of the notices issued by the Federal Tax Administration, Switzerland government’s nodal department for sharing of information on foreign clients […]

Naresh Goyal, wife stopped from going abroad at Mumbai airport: Sources

MUMBAI: Former chairman of Jet Airways Naresh Goyal and his wife Anita Goyal were denied permission to travel abroad on Saturday by the immigration authority at Mumbai airport, sources said. The couple was to travel by Dubai-bound Emirates flight EK 507 when the immigration authority denied them permission to fly, they said. The checked in […]

Public sector banks recover Rs 1.2 lakh crore from bad loans in 2018-19

NEW DELHI: Public sector banks (PSBs) have recovered close to Rs 1.2 lakh crore from stressed assets during the financial ended March, primarily helped by resolution under the Insolvency and Bankruptcy Code (IBC), an official said. During the first half of the previous fiscal, banks recovered Rs 60,713 crore from bad loans. “Due to non-resolution […]

ILFS crisis:Enforcement Directorate conducts fresh raids in Mumbai

NEW DELHI: The Enforcement Directorate on Wednesday carried out fresh searches in Mumbai in connection with its money laundering probe in the multi-crore IL&FS payment default crisis, officials said. They said the residences and offices of at least four directors of the firm are being raided. The central agency had first carried out searches in […]

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