May 28, 2015 12:30 (IST)
The central bank could also increase the amount of funds that banks can borrow from it via term repos. Currently set at 0.75 of their total deposits, bankers say the RBI could increase the amount to 1 per cent.
May 27, 2015 22:46 (IST)
The Competition Commission of India (CCI) on Wednesday approved European financial services giant AXA's proposal to hike its stake from 26 per cent to 49 per cent in its two insurance ventures with Sunil Mittal-led Bharti Group - Bharti AXA Life Insurance and Bharti AXA General Insurance.
May 27, 2015 19:12 (IST)
The meeting assumes significance as the clamour is growing for a rate cut by the Reserve Bank of India (RBI) in its second bi-monthly policy on June 2.
May 27, 2015 18:48 (IST)
The Reserve Bank of India (RBI) is likely to reduce policy rates by 0.25 per cent in its upcoming policy review meeting next week, a Citigroup report said on Wednesday.
May 27, 2015 18:48 (IST)
The Reserve Bank of India (RBI) is likely to slash the benchmark interest rate by 0.25 per cent to stimulate demand, with retail inflation at 4.87 per cent in April, much below the apex bank's target of 6 per cent by January 2016, according to Assocham.
May 27, 2015 09:54 (IST)
The survey found 38 of the 48 economists polled expected the RBI would cut the repo rate at the June 2 meeting, with 35 of those expecting a 25 basis points cut.
May 26, 2015 23:53 (IST)
Finance Minister Arun Jaitley on Tuesday said non-performing assets (NPAs) of public sector banks would come down gradually over the next 2-3 quarters.
May 26, 2015 19:04 (IST)
Citing low inflation and fiscal deficit being under control, Chief Economic Advisor Arvind Subramanian on Tuesday pitched for a rate cut by the Reserve Bank of India (RBI) at its monetary policy review meeting next week.
May 26, 2015 16:19 (IST)
Corporation Bank on Tuesday cut base rate or minimum lending rate by 0.25 percentage point, a move which will lead to lower EMIs for its customers.
May 26, 2015 16:04 (IST)
The Reserve Bank of India is widely expected to lower interest rates for a third time this year, at its policy review on June 2, after retail inflation cooled to a four-month low of 4.87 per cent in April.
May 26, 2015 13:13 (IST)
Raghuram Rajan has shown willingness to act swiftly: each of the two rate cuts this year came outside of scheduled policy reviews.
May 26, 2015 13:03 (IST)
Punjab National Bank or PNB is already offering full waiver in processing charges on education loans for studies in India.
May 26, 2015 12:20 (IST)
There have been several reports and speculations of face-offs between the central bank and the Finance Ministry.
May 25, 2015 23:42 (IST)
United Bank of India on Monday informed the BSE that it does not expect to recover Rs 400 crore it had lent to the grounded Kingfisher Airlines in the short run but hoped the recovery could be possible in the long-run.
May 25, 2015 22:59 (IST)
Rating agency Icra's chief Naresh Takkar has replaced former Crisil managing director Roopa Kudva as a member of the Reserve Bank of India's external advisory panel that evaluates applications for payment bank licences.
May 25, 2015 22:46 (IST)
DCB Bank has said it is possible that its one or two large exposures may slip into the non-performing asset (NPA) category this fiscal year.
May 25, 2015 22:15 (IST)
The Indian Banks Association (IBA) has urged the Finance Ministry to bring down interest rates on small savings schemes such as the Sukanya Samriddhi scheme.
May 25, 2015 21:21 (IST)
Punjab National Bank (PNB) has launched a monsoon bonanza offer in which the lender is offering full waiver of upfront or processing fees and documentation charges on all housing and car loans.
May 25, 2015 19:16 (IST)
The wage settlement has also introduced a medical insurance scheme for employees of member banks and their family members.
May 25, 2015 14:15 (IST)
ICICI Bank's voice recognition service authenticates customers based on their speech patterns and allows them to execute banking transactions through the bank's call centre, the bank said.