March 14, 2014 21:22 (IST)
The government and the RBI launched the Inflation-Indexed National Savings Securities in December, aimed at protecting the savings of the poor and middle classes from rising prices.
March 14, 2014 21:15 (IST)
However, the central bank did not name the investor. It can be recalled that the Budget 2014 had announced to switch or buy back Rs 50,000 crore worth of shorter term securities with long-term securities.
March 14, 2014 20:36 (IST)
The U.S. software company first warned that it was planning to end support for Windows XP in 2007, but only one-third of the world's 2.2 million ATMs which use the system will have been upgraded to a new platform, such as Windows 7 by the April deadline, according to NCR, one of the biggest ATM makers.
Mumbai | March 14, 2014 17:35 (IST)
We have made our recommendations to the RBI that at least in the metros, the current five free usage of other bank ATMs be withdrawn so that every transaction on other bank ATM is chargeable. At the same time, the present set up be continued in rural areas," chief executive MV Tanksale told reporters here.
March 13, 2014 20:35 (IST)
Bank of America Merrill Lynch (BofA-ML) on Thursday warned of a rising risk of El Nino and said in case it kicks in, the Reserve Bank of India (RBI) will be unable to achieve its glided path for the consumer price index-based inflation.
March 13, 2014 16:25 (IST)
Set up in 1992, the Thrissur, Kerala-based Manappuram went public in August 1995 and has over 4,000 branches across the country.
March 13, 2014 14:02 (IST)
Private sector lenders in India are at a greater risk of losing their customers on account of non-satisfactory services as compared to public sector peers, according to a study by technology giant IBM.
March 12, 2014 21:21 (IST)
SBI Life Insurance will appeal against an order by the Insurance Regulatory Development Authority (Irda) directing the private sector life insurer to refund Rs 275 crore to policy holders.
March 12, 2014 18:45 (IST)
Rating agency Icra said on Wednesday that difficulties being experienced in commercial vehicle, construction equipment and gold loans will result in non-bank lenders' credit growth from the retail segment to halve in the ongoing fiscal year (FY14) to 8-10 per cent.
March 12, 2014 17:04 (IST)
Taking some significant steps can minimize their risk of such fraudulent transactions.
Written By: Varun Sinha | March 11, 2014 12:17 (IST)
The outperformance in banking stocks could provide fresh legs to the market rally because financial services have the biggest weightage (26 per cent) on the Nifty. In other words, the banking sector is the most influential sector on the Nifty and if it starts outperforming, the Nifty is bound to rise at a faster pace.
March 11, 2014 09:54 (IST)
Most of us prefer to get our car purchases financed. Car loans can be easily availed through either your own bank or even other banks. However, there are a number of frequently asked questions regarding car loans.
New Delhi | March 09, 2014 17:34 (IST)
In March 2013, only 37,672 branches had onsite ATMs, and thus 34,668 more were to be installed.
Mumbai | March 09, 2014 15:19 (IST)
Deposits at commercial banks stood at Rs 6,565,137 crore during the same period last year, the fortnightly data said. Bank credit grew at 14 per cent year-on-year to Rs 5,861,736 crore as on February 21, as against Rs 5,127,264 crore in the same period last year.
Mumbai | March 08, 2014 17:04 (IST)
When asked for the business details, Ms. Kochhar refused to call the vertical either as a profit center nor did she say that it is part of its CSR efforts. It is an "initiative" which has wide impact on the society, bank's managing director and chief executive Chanda Kochhar said.
Kolkata | March 07, 2014 17:43 (IST)
State Bank of India has proposed to offer share purchase scheme for all its employees which could raise additional equity capital, between Rs 800 crore and Rs 1,200 crore, for the country's largest lender.
Chennai | March 07, 2014 16:48 (IST)
The bank posted net profits of Rs 7.43 crore for the third quarter ending Dec 31, 2013 down by 76.2 per cent from Rs 31.30 crore registered in the same period of previous year.
March 07, 2014 13:48 (IST)
About 25 players in the fray for bank licences. Public sector units India Post and IFCI and private players such as Anil Ambani group and Aditya Birla group are among the applicants.
March 06, 2014 15:55 (IST)
Acharya, who headed the mid-corporate group as deputy managing director, was forced to go on leave in November after the CBI case charged him with taking pecuniary benefits to clear a loan. However, he was given a clean chit in an internal probe by the bank.
March 05, 2014 20:39 (IST)
For 2013, the operating profit from wholesale banking was down 1 per cent to $577 million, while, the same for consumer banking was up 26 per cent at $120 million.