Press Trust of India | Last Updated: June 26, 2016 20:44 (IST)
In a strong pitch for the Reserve Bank of India to allow banks and housing finance companies to fund land transactions, industry leader Deepak Parekh has said non-banking financial companies (NBFCs) and foreign private equity players are charging exorbitant rates that push up the cost of land.
Press Trust of India | Last Updated: June 26, 2016 20:02 (IST)
HDFC Bank's Aditya Puri saw the maximum jump in remuneration among private bank chiefs in 2015-16, with a 31 per cent growth at Rs 9.73 crore.
Thomson Reuters | Last Updated: June 26, 2016 19:21 (IST)
The chief executive of Deutsche Bank says London will not die as a financial centre but it will become weaker after Britain voted to leave the European Union.
Press Trust of India | Last Updated: June 26, 2016 15:27 (IST)
Warning of "more bad news" on the stressed loans front in the Indian banking sector, eminent banker Uday Kotak has said its "weak underbelly" has "resurfaced strongly" and the story is not over yet, though lenders have begun cleaning up their books.
Press Trust of India | Last Updated: June 26, 2016 14:53 (IST)
Consolidation among public sector lenders is expected to happen only after the completion of merger between State Bank of India (SBI) and its associates, a senior Finance Ministry official said.
Prashun Talukdar | Last Updated: June 26, 2016 14:05 (IST)
More and more vehicle owners are opting for zero depreciation, commonly known as 'zero dep', covers, which offer full claim without deduction for depreciation on the value of parts replaced. In a regular cover, in a case of a claim you have to pay partly from your own pocket to account for the depreciation in the parts replaced. However, the zero depreciation cover comes at a higher cost than the standard auto insurance cover.
Press Trust of India | Last Updated: June 26, 2016 12:10 (IST)
Moving ahead with the operationalisation of the interest rate setting monetary policy committee, the Finance Ministry has said it will notify the rules "within few weeks" and thereafter appoint three government nominees.
Press Trust of India | Last Updated: June 25, 2016 14:36 (IST)
Mr Jaitley made the remarks ahead of the crucial AIIB Board of Governors meeting which he attended.
Press Trust of India | Last Updated: June 24, 2016 20:49 (IST)
Global time payment processing firm MasterCard today said micro, small and medium enterprises need to go for online payments which currently account for just four per cent of total transactions in the country.
Press Trust of India | Last Updated: June 22, 2016 22:11 (IST)
Lauding the efforts taken by the government to take action against wilful defaulters, Reserve Bank of India Governor Raghuram Rajan on Wednesday said the central bank has created a monitoring cell for early reporting of frauds to investigative agencies.
Press Trust of India | Last Updated: June 22, 2016 19:19 (IST)
Outgoing Governor Raghuram Rajan on Wednesday rejected suggestions for RBI to infuse its surplus funds to capitalise ailing public sector banks -- proposed by CEA Arvind Subramanian -- saying it is a "non-transparent" idea that can create "conflicts of interest".
Press Trust of India | Last Updated: June 22, 2016 19:09 (IST)
Dismissing doomsday theories, industry body CII on Wednesday said the exit of RBI Governor Raghuram Rajan will not cause a panic reaction as the Indian economy is very strong and robust.
Thomson Reuters | Last Updated: June 22, 2016 18:10 (IST)
Reserve Bank of India Governor Raghuram Rajan urged the country to clean up the bad debt held by its banks, calling it key to achieve stronger economic growth, in his second public appearance since saying he will step down in September.
NDTV Profit Team | Last Updated: June 22, 2016 17:29 (IST)
Reserve Bank Governor Raghuram Rajan on Wednesday said the slowdown in credit growth is not on account of high interest rates, but largely because state-run lenders are saddled with bad loans.
Press Trust of India | Last Updated: June 22, 2016 16:44 (IST)
Taking a dig at those writing his "obituaries", Reserve Bank of India Governor Raghuram Rajan on Wednesday said he will be around "a lot in India" even after leaving the central bank and should not be written off as yet.
Press Trust of India | Last Updated: June 22, 2016 15:43 (IST)
A new Governor for the Reserve Bank of India may be appointed before the start of the monsoon session of Parliament next month even as former RBI Deputy Governor Rakesh Mohan appears to be emerging as the front runner for the job.
Press Trust of India | Last Updated: June 22, 2016 15:18 (IST)
Life Insurance Corporation (LIC) will "shortly" announce setting up of a credit enhancement fund to provide guarantees for infrastructure sector companies to help them access funds from domestic and overseas markets at lower cost.
Press Trust of India | Last Updated: June 22, 2016 15:12 (IST)
The government is looking at consolidation among the 27 state-owned banks to create 4-5 large sized lenders, a process that will begin with the merger of SBI and its associates in the current fiscal.
Press Trust of India | Last Updated: June 21, 2016 22:18 (IST)
User charges on extra ATM withdrawals above the monthly cap of five free transactions fetched handsome gains for State Bank of India (SBI) in financial year 2015-16, a reply to an RTI query has revealed.