Mumbai | April 23, 2014 22:18 (IST)
A Reserve Bank of India (RBI) panel on Wednesday made a case for a centralised bill payment system catering to different financial instruments, like cheques, debit cards and mobile banking.
New Delhi | April 23, 2014 22:10 (IST)
To further enhance capital base, the government is planning to make an additional infusion of up to Rs 7,000 crore in public sector banks during the current fiscal year (2014-15), according to a senior Finance Ministry official.
April 23, 2014 21:40 (IST)
Allahabad Bank has registered a growth of 7 per cent in financial year 2013-14 (FY14).
April 23, 2014 18:45 (IST)
India is one of the fastest-growing countries in the plastic money segment, with close to 350 million debit cards and 19 million credit cards in circulation.
Mumbai | April 22, 2014 20:44 (IST)
Worried over rising number of frauds in online banking, the Reserve Bank of India (RBI) has suggested that banks introduce two-stage authentication to ensure security of transactions.
April 22, 2014 20:11 (IST)
According to sources, if the proposal of the bank to raise its foreign investment limit to 67.55 per cent is accepted, it would exceed the cap of 74 per cent, after taking into account parent HDFC Ltd's stake.
April 22, 2014 14:43 (IST)
The Mumbai-based bank said net profit rose 23 per cent to Rs 2,327 crore for its fiscal fourth quarter to March from Rs 1,890 crore in the same year-ago period. Analysts had on average forecast a net profit of Rs 2,391 crore, according to Thomson Reuters data.
April 21, 2014 22:38 (IST)
Maintaining that time is not ripe for such a system, it said 40 per cent of India's population falls into the financially excluded category, and highlighted not so encouraging experiences with the local area and regional rural banks in this regard.
April 21, 2014 21:00 (IST)
According to the global financial services major, inflation pressures are likely to remain as a possible El Nino could affect the monsoon, which in turn would push up food prices.
April 21, 2014 20:57 (IST)
The remarks come in the backdrop of RBI banning foreign investors from picking up more shares in HDFC Bank.
April 19, 2014 17:13 (IST)
Most of us prefer to get our car purchases financed. Car loans can be easily availed through either your own bank or even other banks. However, there are a number of frequently asked questions regarding car loans.
April 19, 2014 13:53 (IST)
RBI has been insisting on lower interest benefits to be passed on to the existing borrowers as well but it seldom happens.
Dubai | April 19, 2014 12:11 (IST)
Qatar-based Doha Bank has entered into an agreement with HSBC Bank Oman to purchase the latter's banking business in India.
April 17, 2014 19:45 (IST)
Fitch on Thursday said the level of stressed loans of domestic banks, including restructured debt, may continue to rise and reach 15 per cent by the end of this financial year from over 10 per cent in 2013-14.
April 17, 2014 17:59 (IST)
Bank deposits grew at 14.98 per cent year-on-year to Rs 79,31,104 crore as on April 4, better than credit growth, data from the Reserve Bank of India (RBI) showed.
Mumbai | April 17, 2014 14:23 (IST)
Since taking the helm of the Reserve Bank of India, Raghuram Rajan's agenda to reform markets has put the noses of Mumbai bond traders firmly out of joint by upending practices that provided them with a relatively secure rate of return.
April 15, 2014 21:30 (IST)
Nearly half of bank loans extended to listed small businesses, having a revenue of under Rs 300 crore, are under stress and there is a little possibility of improvement in the near future as their revenue growths will remain under pressure, according to a report.
London | April 15, 2014 21:22 (IST)
Global regulators have eased a new rule limiting how much business a bank can undertake with a single customer, as they try to minimise the risk of fallout from a counterparty going bust without imposing excessive burdens on financial firms.
April 15, 2014 17:42 (IST)
US brokerage Bank of America-Merrill Lynch has said its sees the first rate cut this fiscal year (2014-15) only in March next as inflation is expected to fall only by the end of December on a decline in commodity prices driven by the Federal Reserve tapering.
April 15, 2014 12:42 (IST)
Macro headwinds, elevated credit costs and challenges in Yes Bank's retail loan business and retail deposit base were other reasons for the downgrade, the investment bank said.