Reported By: Heena Gambhir | October 30, 2014 16:47 (IST)
The government is also planning to seek an additional Rs 11,000 crore for public sector banks, apart from the budgeted Rs 11,200 crore, sources said.
October 29, 2014 21:34 (IST)
The Reserve Bank of India (RBI) has allowed all urban cooperative banks (UCBs) to act as PAN service agents.
October 29, 2014 15:00 (IST)
Moody's estimated India's corporate sector had an average debt-to-equity ratio of more than 3 times, and would need a stronger economic recovery than currently projected by the credit agency to bring down the leverage.
October 28, 2014 18:15 (IST)
India's plan to grant new banking licences to companies could increase risks in the banking sector given the chance that new entrants could be lax about loan standards, Standard & Poor's said in a report on Tuesday.
October 28, 2014 17:12 (IST)
Foreign brokerages on Tuesday said Reserve Bank of India Governor Raghuram Rajan is unlikely to yield to Finance Minister Arun Jaitley's call for a rate cut at the December 2 policy review.
October 28, 2014 11:19 (IST)
State-run banks edge higher after government planned to draw up a new process to appoint top officials at lenders.
October 28, 2014 08:11 (IST)
As a result, eight posts of bank chiefs and 14 posts of their deputies will fall vacant and have to be filled up "de novo", the finance ministry said in a statement, without giving further details.
October 27, 2014 22:36 (IST)
The Finance Ministry on Monday launched a dedicated website for the Pradhan Mantri Jan Dhan Yojana, the government's flagship financial inclusion programme to help people open bank accounts.
October 27, 2014 20:59 (IST)
RBI Governor or a nominee of the rank of Deputy Governor of the central bank has to be part of the selection process, according to the new methodology.
October 27, 2014 20:57 (IST)
The government on Monday scrapped the selection of six public sector bank heads during the UPA tenure following a high-level panel finding irregularities in the followed process.
October 27, 2014 17:32 (IST)
As concerns on inflation front ebb, Reserve Bank Governor Raghuram Rajan will adopt a dovish stance in the December policy review meet and cut rates in February, Bank of America Merrill Lynch (BofA-ML) today said.
October 27, 2014 17:05 (IST)
Birla Sun Life Asset Management Company Ltd (BSLAMC), a part of Aditya Birla Financial Services group, today said it has completed acquisition of all mutual fund schemes and portfolio management accounts of ING Investment Management India.
October 27, 2014 13:15 (IST)
The PSU Banks index gained over 1 per cent on Monday. Andhra Bank was up 3 per cent, while Bank of Baroda and OBC were up between 1.5-2 per cent. The banking heavy weight SBI also traded with over one per cent gains.
October 26, 2014 15:09 (IST)
After it waived off the processing fee late September as part of its festive offering, the bank is disbursing close to Rs 200 crore home loans every day.
October 25, 2014 13:31 (IST)
Deutsche Bank passed the stress test led by the European Central Bank (ECB) by a wide margin, showing balance sheet strength well above the minimum requirements set by Europe's new banking regulator, two sources familiar with the matter said on Friday.
October 25, 2014 12:17 (IST)
Finance Minister Arun Jaitley favours a cut in interest rates to trigger demand in the construction sector, a newspaper report said on Saturday, but the Reserve Bank of India (RBI) has signalled it will not ease policy until it is confident of lower inflation.
October 24, 2014 23:15 (IST)
Aditya Birla Group has announced a joint venture with a South African insurance giant to enter the Indian health insurance market.
October 24, 2014 12:53 (IST)
When the stakes are so high, it is bound to affect us, we do get nervous, but also excited at the same time because buying a home is a big achievement too.
October 22, 2014 19:35 (IST)
A majority of the external members in the Reserve Bank of India's monetary policy committee suggested the repo rate be cut by at least 25 basis points (0.25 per cent) at the review on September 30, minutes released by the apex bank on Wednesday showed.
October 22, 2014 15:44 (IST)
Its results were at par with street estimates as analysts polled by NDTV had estimated its profit at Rs 1,365 crore on net interest income of Rs 1,579 crore.