December 19, 2014 18:35 (IST)
India's central bank currently requires online transactions undergo a two-step verification process.
December 19, 2014 16:32 (IST)
In a scathing criticism of the Reserve Bank of India (RBI), covering the tenure of previous two governors, the Mid-Year Economic Review on Friday said that monetary policy lost its credibility between 2007 and 2013.
December 18, 2014 16:48 (IST)
The latest policy statement has clearly given indication if the price behaviour is along the trajectory envisage...I expect probably changes will come in the early part of next year. It could be any time.
December 17, 2014 20:29 (IST)
The Reserve Bank of India (RBI) has fined ICICI Bank Ltd and state-run Bank of Baroda over violations of customer protection rules that allowed fraudsters to cash fake checks and postal orders for up to two years.
December 17, 2014 16:04 (IST)
The aviation ministry had said it may request Indian banks and financial institutions to extend loans of upto Rs 600 crore to the airline -- backed by the personal guarantee of SpiceJet chairman Mr Maran.
December 17, 2014 14:51 (IST)
The government said on Wednesday that persons already having a bank account need not to open a fresh one to avail benefits of the 'Pradhan Mantri Jan Dhan Yojana' (PMJDY).
December 17, 2014 09:52 (IST)
While some European and US lenders are sitting on the fence after being bruised by the country's sharp slowdown, Japanese banks are betting aggressively on Modi's pledge to restart growth and attract foreign investment.
December 16, 2014 16:07 (IST)
Credit flow to the commercial sector has come down from 14.2 per cent in April to 11.1 per cent in October on account of weak demand for banking funds.
December 16, 2014 14:28 (IST)
The government has asked banks, which have opened 8.76 crore accounts under the 'Jan Dhan' financial inclusion scheme but issued only 5.78 crore RuPay debit cards so far, to bridge the gap between the two.
December 15, 2014 23:45 (IST)
With concerns on inflation ebbing and industrial production contracting in October, Bank of America-Merrill Lynch (BofA-ML) on Monday said it expects the Reserve Bank of India (RBI) to reduce key policy rates by 0.25 per cent in February and 0.75 per cent in whole of 2015.
December 15, 2014 21:10 (IST)
The Reserve Bank of India (RBI) eased rules for long-term loans by lenders to the infrastructure sector and heavy industry, allowing for easier refinancing and more flexible restructuring as part of widely expected measures.
December 15, 2014 15:22 (IST)
The company plans to infuse Rs 10 crore in January-March quarter and by 2015-16, it expects Srajan Capital's loan portfolio at close to Rs 50 crore.
December 14, 2014 15:11 (IST)
A possible merger between HDFC Bank and housing finance giant HDFC Ltd has been talked about for a long period and such a transaction can create the country's second largest financial sector institution after state-run SBI.
December 13, 2014 19:00 (IST)
State-owned banks are likely to continue to raise funds through additional Tier-I capital to meet the Basel III norms even as the government plans to pare its holdings in such financial institutions, global rating agency Fitch said in a report.
December 13, 2014 17:58 (IST)
Indian banks' loans grew 11.3 per cent in the two weeks to November 28 compared to the corresponding period a year earlier, while deposits rose 11.7 per cent, the Reserve Bank of India's weekly statistical supplement showed.
December 12, 2014 16:29 (IST)
Companies raised nearly Rs 70,000 crore by selling commercial papers, vis-a-vis nearly Rs 50,000 crore loans from banks in the first fortnight of September, according to reports.
December 12, 2014 16:18 (IST)
The government is not considering implementing Banking Transaction Tax to replace all taxes in the country, Parliament was informed on Friday.
December 12, 2014 15:32 (IST)
Ahead of the forthcoming Budget, Reserve Bank of India (RBI) Governor Raghuram Rajan on Friday pitched for incentivizing domestic savings to boost investments in the country.
December 11, 2014 21:31 (IST)
BoM is the first bank that has lowered lending rates after RBI Governor Raghuram Rajan made a case for lowering lending rates by banks earlier this month.
December 11, 2014 19:02 (IST)
Bankers are paid poorly in India as compared to their counterparts elsewhere in the world, she said.