March 01, 2015 20:07 (IST)
Gross bank credit grew by 10.1 per cent in the December quarter as against 14.2 per cent growth registered in the year-ago period, data from the Reserve Bank of India showed.
February 28, 2015 17:01 (IST)
Taking forward the implementation of new accounting standards, the government expects to notify the Income Computation and Disclosure Standards (ICDS) by March 15.
February 28, 2015 08:36 (IST)
Reserve Bank Governor Raghuram Rajan today said the central bank was looking into improving the quality of education loans despite high levels of defaults.
February 27, 2015 15:59 (IST)
This will provide liquidity to the banks, depth to the government bond market, and also encourage the development of the corporate bond market, it said.
February 26, 2015 21:58 (IST)
The government, which is seeking new chief executives for five state-run banks that are currently without a permanent leader or have a departing boss, has for the first time appealed for private-sector applicants to step forward.
February 25, 2015 18:41 (IST)
Three members of a seven-person committee advising the Reserve Bank of India (RBI) on monetary policy recommended a cut in interest rates at its policy review earlier this month, with one suggesting easing by 75 basis points, according to a summary of the recommendations released on Wednesday.
February 25, 2015 18:28 (IST)
Private lender IndusInd Bank on Wednesday said it will raise up to Rs 2,000 crore through issuance of long-term infrastructure bonds and subordinated non-convertible debentures/bonds on a private placement basis.
February 24, 2015 19:29 (IST)
Earlier this year, government had organised a confluence of PSU banks in Pune to discuss about on banks' differential strategic funds, capacity building, technology enabled transformation and strengthening risk management among others.
February 24, 2015 16:41 (IST)
The Reserve Bank stands by its decision to put a cap on the number of free ATM transactions per month and taking steps to protect consumers' interest, Parliament was informed on Tuesday.
February 23, 2015 20:56 (IST)
The foreign shareholding through FIIs/Foreign Portfolios Investors (FPIs)/NRIs/PIOs/ADR/GDRs in ING Vysya Bank has reached the trigger limit.
February 23, 2015 18:56 (IST)
This means more than two dozen banks in the public sector may not function on alternate Saturdays.
February 23, 2015 18:43 (IST)
The wage hike will be applicable from Nov 2012 and will be valid for five years.
February 22, 2015 17:55 (IST)
The government had given a target to the 27 state-owned banks to set up 19,994 ATMs in the current fiscal and by December end they have managed to cross the halfway mark (10,511).
February 22, 2015 13:57 (IST)
The city-based bank has a board approval to raise $5 billion through MTN beginning 2005 and has so far raised $2.5 billion.
February 22, 2015 11:41 (IST)
"The process is under way... we will come out with guidelines (on single authentication payment) in the next few weeks," RBI Deputy Governor H R Khan told PTI.
February 21, 2015 20:13 (IST)
Finance Minister Arun Jaitley has appealed to bank employee unions to call off their proposed four-day nationwide strike from February 25 as talks are on for a revision of employee wages.
February 21, 2015 19:06 (IST)
The government seems to have overstepped its boundary on extending foreign direct investment (FDI) limits for insurance intermediaries, industry experts say.
February 21, 2015 18:22 (IST)
A majority of 67 per cent consumers of financial services feel that provision of incentives leads to bank staff providing wrong information or mis-selling of products, says a survey by Consumer Unity and Trust Society (CUTS).
February 20, 2015 20:58 (IST)
Also, Bank of Baroda (BOB) will decide upon issue price of shares for capitalisation worth Rs 1,260 crore on March 26.
Panaji | February 20, 2015 19:25 (IST)
The country's postal office had been speculated to be interested in setting up banks across India. Earlier this month, it was among 41 applicants to run a new category of banks planned to bring basic banking services within the reach of millions.