July 23, 2014 16:12 (IST)
The Reserve Bank of India (RBI) said on Wednesday that it cancelled the non-banking finance registration certificate of Deutsche Securities India, the primary dealership unit of Deutsche Bank.
July 23, 2014 14:56 (IST)
The bank proposes to issue 8.45 crore shares to LIC at a price of Rs 35.50 per share.
July 23, 2014 11:23 (IST)
Removal of restriction makes it eligible to be bought by foreign investors in primary and secondary markets.
July 22, 2014 18:32 (IST)
The Reserve Bank of India (RBI) has said it would start disclosing the names of lenders deemed as domestic systematically important banks (D-SIB), the rough equivalent of too-big-to-fail in other countries, in August of each year starting in 2015.
July 22, 2014 18:11 (IST)
The Reserve Bank of India (RBI) on Tuesday said loans for non-agricultural purposes backed by pledges of gold ornaments and jewellery had to have a loan-to-value ratio of 75 per cent against the pledged items.
July 21, 2014 18:38 (IST)
A Reserve Bank of India (RBI) panel on Monday proposed that counter cyclical capital buffers for banks consist of only common equity Tier 1 capital and be gradually raised to 2.5 per cent of lenders' risk weighted assets.
Kolkata | July 21, 2014 16:51 (IST)
The Union budget had made a provision of around Rs 11,000 crore for capital infusion in the public sector banks.
July 21, 2014 14:16 (IST)
Vijay Mallya-led Kingfisher Airlines on Monday withdrew its appeal in the Supreme Court seeking to restrain the SBI-led consortium of 17 banks from taking over possession of the 'Kingfisher House' in Mumbai.
July 21, 2014 12:39 (IST)
HDFC Bank reported a slightly lower-than-expected net profit growth in its first quarter though its net interest income was higher than estimates.
July 20, 2014 21:26 (IST)
As part of its efforts to protect gullible investors from fraudulent investment schemes, the Reserve Bank of India (RBI) has started scrutinising credentials of companies suspected of illegally raising money from public as non-banking finance companies (NBFCs).
July 20, 2014 17:06 (IST)
Prime Minister Narendra Modi is set to give a big boost to the ongoing financial inclusion drive by unveiling a comprehensive programme, to be announced at the Red Fort in his address to the nation on the Independence Day.
New Delhi | July 19, 2014 14:57 (IST)
He said the capital would be raised by the banks without diluting public sector characteristics in them. So, the government stake in the banks would remain over 51 per cent.
New Delhi | July 19, 2014 14:21 (IST)
The Department is currently assessing the capital requirement of all public sector banks and likely to finalise the time schedule in one month, he said.
July 18, 2014 18:00 (IST)
"It is not proposed to issue any guidelines to the banks to offer loans to borrowers at uniform rate of interest in view of variation in their costs, business models, margins etc.," Finance Minister Arun Jaitley said in a reply to the Lok Sabha.
July 18, 2014 16:07 (IST)
Raising foreign direct investment (FDI) cap in insurance will spur growth in this industry, ensuring entry of more players, the Insurance Regulatory and Development Authority said on Friday.
July 18, 2014 08:23 (IST)
United Bank of India will soon embark upon a process to 'name and shame' its willful defaulters as part of its effort to recover dues.
July 17, 2014 19:13 (IST)
The central bank said the minimum capital requirement for both payments banks and small banks would be Rs 100 crore ($16.6 million), out of which promoters would have to contribute at least 40 percent while setting up the bank.
Mumbai | July 17, 2014 18:51 (IST)
The level of issuances from banks, Icra said, will be dictated by their ability to raise floating rate bonds as home loans are typically floating rate in nature which helps them manage interest rate risk and also find investors for the large issuances.
Zurich | July 17, 2014 09:39 (IST)
UBS cemented its lead over US brokerage Bank of America Corp as the world's largest private bank and is within striking distance of managing $2 trillion on behalf of the wealthy, according to a study on Thursday.
Mumbai | July 16, 2014 19:38 (IST)
Domestic rating agency Icra today said retail-focussed non-bank lenders have witnessed a surge in asset quality issues during the fiscal ended March and the troubles are likely to continue in FY15 as well.