August 30, 2014 18:04 (IST)
Banks are rolling out attractive offers to woo customers in a bid to cash in the upbeat sentiment during the upcoming festive season. Bankers say demand for consumer loans has started to grow since the formation of a strong government at the Centre in May.
Chennai | August 30, 2014 16:32 (IST)
For deposits of two years and above but less than three years, interest rates have been revised to 2.71 per cent from the existing 2.76 per cent.
August 30, 2014 11:45 (IST)
When the stakes are so high, it is bound to affect us, we do get nervous, but also excited at the same time because buying a home is a big achievement too.
August 29, 2014 22:11 (IST)
Over 1.84 crore bank accounts have been opened under the 'Jan Dhan Yojana' and banks will organise camps from 8 am to 8 pm on all Saturdays to reach out to unbanked households, a Finance Ministry statement said on Friday.
August 29, 2014 15:44 (IST)
State-owned United Bank of India (UBI) has filed a caveat in the Supreme Court against Kingfisher Airlines (KFA) shortly after the judgement of the Calcutta High Court division bench was delivered on Thursday.
August 29, 2014 14:29 (IST)
The Reserve Bank of India (RBI) could cut policy rates by 75-100 basis points starting early 2015 even if the Federal Reserve hikes rates next year, Bank of America Merrill-Lynch has said in a report.
August 28, 2014 22:05 (IST)
The case comes hard on the heels of an alleged more than Rs 400 crore fraud at branches of state lenders Dena Bank and Oriental Bank of Commerce, which authorities are investigating separately.
August 28, 2014 20:14 (IST)
If successful, the scheme could help mend strained state finances by better targeting crores of rupees in welfare spending as well as relieving poverty in a country where about 40 percent of the population has no access to banking.
August 28, 2014 17:12 (IST)
The written test is the first step in the recruitment of SBI probationary officer, which will be followed by group discussion and personal interview.
August 27, 2014 23:28 (IST)
The Reserve Bank of India (RBI) on Wednesday eased norms to refinance external commercial borrowings (ECB) and allowed banks to approve even those cases where the average maturity period (AMP) of fresh borrowings exceeds residual maturity of existing loan.
August 27, 2014 21:47 (IST)
Prime Minister Narendra Modi will promise on Thursday to provide a bank account for every Indian household when he launches a major initiative that could save billions of dollars in welfare spending and help mend strained state finances.
Mumbai | August 27, 2014 10:17 (IST)
The postal department has taken the first step towards this and 25,000 of its outlets are expected to be connected on the core banking platform by FY16.
August 27, 2014 09:34 (IST)
The alleged irregularity in Uco Bank comes at a time when state-run lenders are under tremendous pressure over corporate governance issues. Uco Bank is the fourth public sector lender where forensic audit has been ordered over the last couple of months.
August 27, 2014 09:33 (IST)
In developed nations, bank branches are everywhere. But banking services in India leave out nearly half the 1.2 billion population, putting poor people at the mercy of moneylenders who charge usurious interest for emergency loans for sickness or routine purchases such as buying seeds.
August 26, 2014 22:06 (IST)
The government has ordered limited forensic audit into some non-performing accounts of Kolkata-based UCO Bank to find out any irregularities in sanction of loans, according to sources.
August 26, 2014 22:03 (IST)
A senior Reserve Bank of India (RBI) official on Tuesday called for resolution of issues regarding legality of Aadhaar project at the earliest, so that the unique identity number provided by it can become the sole platform for the financial inclusion programme including direct cash transfers.
August 26, 2014 21:44 (IST)
Reserve Bank of India (RBI) Deputy Governor R Gandhi said on Tuesday that "continuous vigilance and intelligence gathering" would be the apex bank's key focus areas to prevent recurrence of frauds.
August 26, 2014 21:25 (IST)
Banks are expected to open about 70,000 accounts on the first day of Prime Minister Narendra Modi's 'Pradhan Mantri Jan Dhan Yojana' on August 28.
August 26, 2014 20:41 (IST)
In order to increase business in the festival season, Punjab National Bank (PNB) on Tuesday said housing loans of up to Rs 2 crore will attract an interest rate of 10.25 per cent and also announced full waiver of processing fee and documentation charges on housing, car and two-wheeler loans.
August 26, 2014 19:46 (IST)
State Bank of India (SBI), the country's largest lender, on Tuesday slashed home loan rates by up to 0.15 per cent and removed the slab for advances, a development which will have bearing on mortgage rate of other lenders.