New Delhi-The Vice President of India M Venkaiah Naidu said that a steady growth rate of almost 7% coupled with a series of reforms made India, the most favourite destination for investments in the world. Shri Naidu said that it was the right time for foreign investors to tap the huge potential offered by India in various sectors from real

New Delhi-The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 30 million on Citibank NA India (the bank) for deficiencies in compliance with the RBI instructions on Fit and Proper criteria for directors of banks. This penalty has been imposed in taking into account the failure of the bank to adhere to the aforesaid directions issued

New Delhi-The Union Cabinet chaired by Prime Minister Narendra Modi has approved the Memorandum of Understanding between India and Japan on Development of Advanced Model Single Window.The MoU would lead to cooperation between India and Japan on the development of Advanced Model Single Window and its operationalization in Central and State Governments in India for taking administrative procedures necessary for

New Delhi-The Reserve Bank has released guidelines on tokenisation for debit, credit and prepaid card transactions as a part of its continuous endeavour to enhance the safety and security of the payment systems in the country. Tokenisation involves a process in which a unique token masks sensitive card details. Thereafter, in lieu of actual card details, this token is used

New Delhi-Prime Minister Narendra Modi and President Donald J. Trump of the United States exchanged New Year greetings in a telephonic conversation last evening.They expressed satisfaction at the progress in India-U.S. strategic partnership in 2018. They appreciated developments such as the launch of the new 2+2 Dialogue mechanism and the first-ever Trilateral Summit of India, the U.S. and Japan. The

Mumbai-With hundreds of millions of people joining the global middle-class, the demand for air travel is witnessing an unforeseen upsurge. The International Civil Aviation Organization has predicted a 100 percent increase in global air travel by the year 2030, creating a need for extensive efforts to bring the entire aviation ecosystem to pace. To ride this strong tailwind of growth

Vijaya Bank and Dena Bank will be merged with Bank of Baroda.This is approved by the cabinet. Employees of pay and allowances and services will remain same as earlier. Merger of these banks will help to create a strong globally competitive bank with economies of scale and enable the realization of wide-ranging synergies, leveraging of networks and low cost deposits