April 19, 2015 20:09 (IST)
Concerned over the rising incidences of wilful loan defaults, the Finance Ministry has asked all public sector banks to submit comprehensive data on instances of such lending by the end of this month.
April 19, 2015 12:43 (IST)
With deflationary trend continuing, the Confederation of Indian Industry (CII) is expecting the Reserve Bank of India (RBI) to cut key policy rates by 0.75 per cent in three tranches this year to revive investments and growth.
April 17, 2015 19:57 (IST)
This meeting would help the Department to crystalise the actions required by banks, Finance Ministry and other central ministries as well as support required from the RBI, he added.
April 16, 2015 22:06 (IST)
Punjab National Bank on Thursday reduced interest rate on fixed deposit by 0.25 per cent on select maturities, a move seen as precursor to reduction in the lending rate.
April 16, 2015 17:15 (IST)
Translated into absolute numbers, this growth in number of bank accounts means that 175 million in India became account holders between 2011 and 2014.
April 15, 2015 23:32 (IST)
Stating that it does not foresee a rate war on the home loan front, State Bank of India, the country's largest lender, on Wednesday said it is targeting an uptick in housing advances at 18 per cent on good demand and its aggressive rate posturing.
April 15, 2015 23:25 (IST)
State Bank of India (SBI), the country's largest lender, on Wednesday said it is awaiting clarity on fixing lending rates on the marginal cost of funds as suggested by the Reserve Bank (RBI) for better transmission of monetary policy.
April 15, 2015 23:23 (IST)
Swift India, a global carrier of financial messages, officially announced here on Wednesday that it has received approval from the Reserve Bank of India (RBI) to provide messaging services to the country's domestic financial market.
April 15, 2015 16:13 (IST)
India Infoline Housing Finance (IIHFL) on Wednesday reduced its home loan rates by 25 basis points, or 0.25 per cent, to 9.90 per cent with immediate effect.
April 14, 2015 17:03 (IST)
The starting salary of the selected candidates would be Rs 8,56,392 per annum, SBI said.
April 13, 2015 22:43 (IST)
Private sector Lakshmi Vilas Bank on Monday announced a cut in interest rates for long-term deposits with effect from April 14.
April 13, 2015 21:20 (IST)
Sundaram BNP Paribas Home Finance on Monday announced a 20 basis points cut in its interest rates to 9.95 per cent from the earlier 10.15 per cent.
April 13, 2015 21:19 (IST)
Kotak Mahindra Bank on Monday joined its larger rivals and announced a 0.15 per cent cut in base rate to 9.85 per cent.
April 13, 2015 16:10 (IST)
Hours after private lender HDFC lowered interest rates on home loans to 9.90 per cent, State Bank of India responded with a sharper cut, slashing home loan rates by 25 basis points to 9.85 per cent for new customers.
April 12, 2015 19:44 (IST)
Keeping in mind likely mass retirement of GMs (general manager) and DGMs (deputy general managers) in state-owned banks, the Finance Ministry has asked public sector lenders to consider promoting lower rung employees on merit to fill manpower shortage.
April 12, 2015 19:16 (IST)
The Reserve Bank of India's plan to introduce an external benchmark rate, like the Libor or London Interbank Offered Rate, for better pricing of various financial products is likely to speed up the monetary policy transmission process, analysts said.
April 12, 2015 15:16 (IST)
The Finance Ministry may relax the eligibility criteria for selection of chief executive officers (CEOs) and managing directors (MDs) of five public sector banks if applicants in the ongoing selection process fail to pass muster with the Reserve Bank of India's scrutiny.
April 12, 2015 14:20 (IST)
State Bank of India (SBI) on Sunday announced a cut in home loan interest rate by up to 25 basis points, or 0.25 per cent, for new borrowers.
April 11, 2015 19:01 (IST)
Bharatiya Mahila Bank on Saturday said it is targeting to have 150 branches across the country by the end of the current fiscal year (2015-16).
April 11, 2015 16:39 (IST)
Cautioning public against a fraudulent bank account mobile app in its name, the Reserve Bank of India on Saturday said it has developed no such application.