March 31, 2015 14:38 (IST)
About 80 to 90 jobs would be eliminated at Australia's No.1 investment bank, one of the people told Bloomberg. It said Jeremy Wernert, who less than a year ago was named head of Macquarie Capital, the group's investment-banking unit, is leaving.
March 31, 2015 08:54 (IST)
SBI Life Insurance is a joint venture between the State Bank of India and BNP Paribas Cardif, the life, property and casualty insurance arm of France's BNP Paribas SA.
March 30, 2015 20:36 (IST)
The Reserve Bank of India (RBI) proposed in draft guidelines published on Monday that prior written permission be obtained from the apex bank for any takeover of a non-banking finance company (NBFC).
March 30, 2015 19:28 (IST)
Fixed deposit rate of maturity between 121-150 days has been revised downward to 8 per cent from 8.25 per cent earlier.
March 30, 2015 16:19 (IST)
Lenders can now divert as provision against bad loans a bigger share of the capital cushion required to be set aside to guard themselves against an economic downturn, the Reserve Bank of India (RBI) said on Monday, easing pressure on a struggling sector.
March 29, 2015 17:49 (IST)
This will be its sixth fund to be invested in small businesses, a top company official said.
March 29, 2015 16:22 (IST)
The proposed institution, which will enable quick sharing of information on entities found to be defrauding banks, would work under the supervision of RBI, he said.
March 29, 2015 16:15 (IST)
Despite RBI lifting all lending restrictions imposed on United Bank of India (UBI) due to high NPA levels, the bank's credit growth will not rise significantly owing to poor investments on the ground, its Executive Director Sanjay Arya has said.
March 28, 2015 11:53 (IST)
The Reserve Bank of India (RBI) has proposed to lower the ceiling on how much a bank can lend to a single corporate group, in a move to curb risks in the banking sector at a time when bad loans are on the rise.
March 28, 2015 11:31 (IST)
The Reserve Bank has revised regulations for non-banking finance lenders by directing them to get themselves rated by March 2016, and those failing to achieve investment grade ratings should not accept fresh deposits or renew older ones.
March 27, 2015 21:49 (IST)
With a view to providing greater convenience to taxpayers, it has been decided that all designated branches of agency banks and Reserve Bank of India (RBI) offices conducting government business will keep their counters open for full day on March 30.
March 27, 2015 18:23 (IST)
Moving forward with efforts for setting up financial hubs in the country, the Securities and Exchange Board of India (Sebi) on Friday issued detailed and relaxed set of guidelines for establishing international financial services centres.
March 26, 2015 23:16 (IST)
Relaxations given to banks by the Securities and Exchange Board of India (Sebi) for conversion of debt in distressed companies into equity is unlikely to help lenders to solve bad loans problem, India Ratings said on Thursday.
March 26, 2015 12:04 (IST)
Insurance Australia Group will raise its stake to the maximum allowed 49 per cent in a general insurance joint venture with State Bank of India, the lender said on Thursday, following rule changes earlier this month.
March 25, 2015 23:31 (IST)
MUDRA Bank is expected to benefit about 5.77 crore small business units.
March 25, 2015 23:31 (IST)
Fifteen months after imposing lending restrictions on United Bank of India for high non-performing assets (NPAs), the Reserve Bank of India has relaxed the rules subject to certain conditions, the state-run lender said on Wednesday.
March 25, 2015 21:48 (IST)
The Reserve Bank of India (RBI) on Wednesday instructed all banks who deal with government business to keep designated branches open on March 30 and 31.
March 24, 2015 22:14 (IST)
Japan topped the list of countries with which Indian companies entered into foreign technology collaboration (FTC) during 2012-13 and 2013-14, a survey by the Reserve Bank of India (RBI) said on Tuesday.
March 24, 2015 16:35 (IST)
India's largest lender, expects loan growth to rise to as much as 15 per cent in the fiscal year to March 2016, boosted by government auctions for coal concessions and mobile radio airwaves.
March 23, 2015 18:48 (IST)
The conversion can be done at a fair value to be determined according to the RBI Guidelines, but not below the face value.