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Interest income lifts YES Bank Q3 net 25%

YES Bank reported a 25 per cent increase in net profit in the third quarter ended December 31, 2015 on the back of healthy growth in net interest income and non-interest income.The private sector bank recorded a net profit of…

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India's 2015-16 wheat output may surpass last year's level

The country’s wheat production in 2015-16 is expected to surpass last year’s level of 88.94 million tonnes on favourable cold weather conditions despite low acreage, Agriculture Minister Radha Mohan Singh said today. Though total area sown to wheat this year…

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RBI finds flaws in banks? sale of third-party products

Incognito visits by RBI officials at branches of private and public sector banks have revealed ?failings? in the marketing/cross-selling of third party products such as insurance and mutual funds.This has prompted banks to review the system of third-party product sales…

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Yes Bank Q3 net profit up 25%, beats estimates

Yes Bank, India’s fifth-biggest private sector lender by assets, reported a better-than-expected 25% increase in quarterly profit, and said it expected full-year credit costs to be at the lower end of its guidance range.The bank said it saw credit costs…

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Russia holds key rate at 11% as economy lags

Russia kept its interest rate steady on Friday but announced it wouldn’t rule out tightening monetary policy if inflation risks rise, after a month in which the ruble dropped to record lows as oil prices deteriorated. January marked a difficult…

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Notification No. 1/2016-Customs (ADD)

Seeks to levy definitive anti-dumping duty on Mulberry Raw Silk (not thrown) of grade 3A and below, originating in, or exported from the People?s Republic of China, for a period of five years. Source: Latest News

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