The central Board of Reserve Bank of India (RBI) has decided to pay Rs 28,000 crore as an interim dividend to the Centre. This is the second successive year when an interim dividend has been paid to the government.

"Today's interim surplus was decided after the application of the economic capital framework," RBI said in a release on Monday. Reserve bank follows July to June financial year.

The Securities and Exchange Board of India (Sebi) has accepted Infosys’ consent plea and settled the charges of disclosure lapses pertaining to the severance package paid to the company's former chief financial officer (CFO) Rajiv Bansal.

According to a Sebi order passed on February 15, the IT major has paid Rs 34.35 lakh to the regulator under the settlement proceedings regulation.

Less than a year after the Kisan long march from Nasik to Mumbai, farmers, tribals and landless labourers will once again be protesting on the same route. Organised by the CPI(M)-affiliated All India Kisan Sabha (AIKS), the protest march will begin in Nasik on February 20 and conclude in Mumbai on February 27.

According to the AIKS, the number of protestors – at 80,000 – is likely to be twice as much as last year.

Mumbai: Largest domestic lender from the private sector space, HDFC Bank, does not intend to cut down on branch expansion, a top official said Monday.

It can be noted many banks globally are focusing on technology more than the physical presence in recent times.

Mumbai: Falling for the eighth straight session, the BSE Sensex plunged over 311 points on Monday on heavy selling in banking, FMCG, IT, auto and pharma stocks amid sustained foreign fund outflows.

The 30-share index settled 310.51 points, or 0.87 per cent lower at 35,498.44. The broader NSE Nifty fell 83.45 points, or 0.78 per cent, to 10,640.95.

Hyundai car owners rejoice. The South Korean carmaker has started a new initiative wherein it will carry out repair services at a location of customers’ choice. Periodic services, minor repairs, dry wash and car cleaning are some of the services covered under this initiative.

Customers can book and pay for the doorstep services online.

New Delhi: Infrastructure major Larsen & Tourbo (L&T) Monday said its construction arm has won a contract for building a major airport.

The engineering and construction company, however, did not provide the exact value of the contract; but specified that as per its classification, the mega project is in the range of over ₹7,000 crore.

Mumbai: Yes Bank Ltd. fell after India’s central bank reprimanded it for selectively revealing a “confidential" report by the regulator that led to a 30 percent surge in the lender’s shares Thursday. The regulator called the disclosure a “deliberate attempt" to mislead the public.

Surat: Gujarat's 'diamond city' Surat has made it to the international aviation map with the first Air India Express flight arriving here carrying 75 passengers from Sharjah, the airline said on Sunday.

The maiden Air India Express flight IX 172 from Sharjah touched down atthe Surat airport at 11.30 pm on Saturday with 75 passengers on board the Boeing 737-800 aircraft, the airline said in a statement.

Punjab National Bank (PNB), post three quarters of muted profitability (losses), reported PAT of `2.5 bn in Q3FY19. This was led by better-than-expected asset quality even as business momentum continued to remain soft.

(a) slippages were restricted at sub-Rs 40 bn (3.7%). This, with better recovery, led to dip in GNPL; (b) that said, business momentum continued to be soft (albeit improving), which with sustained NIM pressure restricted core operating profitability; and (c) improved coverage led to dip in NNPL & sequential traction in domestic growth was encouraging.

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