The Reserve Bank will soon have greater flexibility in terms of managing its liquidity operations with the addition of one more tool 'Standing Deposit Facility Scheme' to its kit.

Finance Minister Arun Jaitley in his Budget has proposed to amend the RBI Act to empower the central bank to come up with an additional instrument for liquidity management.

The country's largest lender SBI wrote off bad loans worth Rs 203.39 billion in 2016-17, the highest among all the public sector banks, which had a collective write off of Rs 816.83 billion for the financial year.

The data pertains to the period when the associate banks of State Bank of India (SBI) were not merged with it.

Palestine President Mahmoud Abbas on Saturday said that they rely on India's role for peace in the region as Prime Minister Narendra Modi visited Ramallah.

President Abbas received Modi, who is the first Indian Prime Minister to make an official visit to Palestine, in the official ceremony at the presidential headquarters in Ramallah before starting official talks.

Finance Minister Arun Jaitley today exuded confidence that there will be no more fiscal slippages as the financial position is likely to be comfortable from the next fiscal. Brushing aside any immediate need to worry about rising global oil prices, Jaitley said an assessment should not be made based on hypothetical situation concerning crude prices as the trend in the last three days has been the opposite (with prices falling again). He added that at this stage he was not worried about any slippages on the fiscal front.

Goa Chief Minister Manohar Parrikar is a worried man these days as girls have started consuming alcohol.

RBI Governor Urjit Patel on Saturday said the stock market bubble should not "lead to a very major problem" even has he stressed on the need for the regulators to be cognisant of the risks going forward.

The Centre has released a sum of Rs 12.69 billion to Andhra Pradesh under different heads in the last few days amid a strain in ties between the NDA and its ally TDP over allocation given to the state in the Union Budget.

The gross grant included Rs 4.17 billion for the Polavaram multipurpose project, one of the issues of contention between the allies TDP and BJP.

More than 13,000 employees of the Indian Railways are likely to face termination of services over 'unauthorised' leaves.

The disciplinary action against the Group C and D employees came after railways minister Piyush Goyal asked top officials to launch a massive drive to identify long-term absentees in various railway establishments.

Militants carried out a fidayeen (suicide) attack on an Army camp in Jammu's Sujwan area on Saturday morning.

Initial reports suggest two people, an army jawan and a civilian, were injured in the indiscriminate fire opened by the militants at around 4:30 a.m. in Sujwan is less than 10 km from Jammu city.

Mahindra & Mahindra on Friday said it will sell 22 per cent of its stake in joint venture firm Mahindra Sanyo to Sanyo Special Steel Co Ltd for Rs 1.46 billion (Rs 146.32 crore).

"The company has today agreed to sell 26,36,401 equity shares of Rs 10 each held by the company in Mahindra Sanyo Special Steel Pvt Ltd (MSSSPL), aggregating 22 per cent of the paid-up equity share capital of MSSSPL, to Sanyo Special Steel Co., Ltd. for a consideration of Rs Rs 1.46 billion," Mahindra & Mahindra (M&M) said in a BSE filing.

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