July 28, 2014 23:27 (IST)
State-owned Bank of Baroda on Monday said it will be an "acquirer" as and when the government moves on with bank consolidation.
July 28, 2014 20:50 (IST)
Singer Suchitra Krishnamoorthi has settled the case with financial services major HSBC over alleged mismanagement of her funds.
July 28, 2014 18:42 (IST)
Exercising his Right to Information, Venkatesh Nayak had sought details of the top 20 borrowers responsible for NPA from five banks, including Union Bank of India.
July 28, 2014 17:33 (IST)
"The Reserve Bank of India has cancelled the certificate of registration of the following non-banking financial companies (NBFCs): GE Strategic Investments India, Profound Exports, Two Brothers Holding, Swank Services Private Ltd, Praxis Consulting and Information Services and Credible Microfinance Ltd," RBI said in a notification.
July 28, 2014 16:40 (IST)
Finance Minister Arun Jaitley is scheduled to hold his first meeting with all heads of public sector banks on July 31.
July 28, 2014 15:02 (IST)
State-owned IDBI Bank on Monday said it is not considering any proposal to merge Kolkata-based United Bank of India with itself.
July 28, 2014 13:55 (IST)
The bank had fixed July 30 as the record date for the stock split. Investors who hold the stocks in their demat account as on July 30, will be entitled to get 5 stocks of Rs 2 face value for each stock of Rs 10.
July 28, 2014 11:03 (IST)
Reserve Bank had earlier barred the bank from lending more than Rs 10 crore to any single borrower as its capital adequacy ratio fell to 9 per cent late last year. However, the restriction was subsequently removed.
Mumbai | July 27, 2014 18:35 (IST)
Currently, RBI allows the Exim Bank to leverage only 10 times of its net-owned funds, which it wants to be hiked to at least 15 times.
Patna | July 27, 2014 16:15 (IST)
Speaking at a state-level summit here, BEFI general secretary Pradeep Biswas said, "There are no serious efforts to recover the banks' money with the defaulting big corporates. Their assets should be confiscated."
July 25, 2014 17:37 (IST)
With some respite in its borrowing cost in the first quarter due to the profit it had made last year and on higher capital base, SKS Microfinance has announced 1 percentage point reduction in lending rates
July 25, 2014 14:36 (IST)
Finance Minister Arun Jaitley on Friday said the government has started consultations with all stakeholders including state governments for enacting a law to regulate micro finance institutions (MFIs) for ensuring interests of customers.
Mumbai | July 25, 2014 10:16 (IST)
The RBI last week allowed lenders to issue bonds for infrastructure lending, but barred the banks from holding each other's bonds.
July 24, 2014 23:48 (IST)
The Reserve Bank of India (RBI) and the Central Bank of Sri Lanka (CBSL) have entered into a bilateral agreement that enables CBSL to further diversify its reserves management activities into Indian rupee-denominated assets.
July 24, 2014 22:10 (IST)
The Insurance Regulatory and Development Authority (Irda) has imposed a penalty of Rs 5 lakh on Sahara India Life Insurance Company Ltd for non-compliance of social sector obligations in 2012-13.
July 24, 2014 21:33 (IST)
Lenders should be given some freedom to determine their financial inclusion strategies as making such obligations mandatory has its own distractions, Reserve Bank of India (RBI) Deputy Governor H R Khan said on Thursday.
July 24, 2014 20:00 (IST)
Muthoot Fincorp Ltd, the flagship company of the Muthoot Pappachan Group, on Thursday welcomed the Reserve Bank of India's draft guidelines for licensing of payments and small banks.
New Delhi | July 24, 2014 19:13 (IST)
Welcoming the Cabinet's approval to raise foreign direct investment (FDI) ceiling in insurance, India Inc on Thursday said the move will drive capital infusion in the cash-starved sector by attracting investments from foreign players, enhance insurance cover and push firms to provide long-term savings vehicles.
Mumbai | July 24, 2014 17:12 (IST)
According to the latest Reserve Bank data, bank deposits grew 13.24 per cent year-on-year to Rs 79, 96,060 crore during the reporting fortnight.
July 24, 2014 16:21 (IST)
The Reserve Bank of India (RBI) is likely to keep interest rate intact in its upcoming monetary policy review next month, State Bank of India (SBI) chairperson Arundhati Bhattacharya on said on Thursday.