Banking & Financial Services

New Delhi | June 18, 2013 22:10 (IST)

Infrastructure financing company IDFC said on Tuesday that its board has approved a proposal to seek licence from the Reserve Bank of India (RBI) for setting up a bank.

New Delhi | June 18, 2013 15:32 (IST)

Religare is among the major contenders for new banking licences, for which the applicants are required to submit their applications to the RBI by July 1.

Mumbai | June 18, 2013 15:19 (IST)

This is the third issue by ICICI Bank and makes it the second domestic lender to sell bonds to offshore Chinese investors after IDBI Bank's issue earlier on.

Mumbai | June 17, 2013 12:04 (IST)

The RBI also called for vigilance over global economic uncertainty, citing the risks of a reversal of capital flows from emerging markets. Such outflows would exacerbate the country's high current account deficit.

Mumbai | June 16, 2013 19:26 (IST)

Ahead of the mid-quarter review of monetary policy on June 17, State Bank of India (SBI) has said if the Reserve Bank of India (RBI) cannot reduce the cash reserve ratio (CRR), which is a must for lending rate cuts by banks, they should pay interest on cash reserves that banks park with the monetary authority.

Mumbai | June 16, 2013 17:34 (IST)

In the wake of an expose by online news portal Cobrapost on violation of KYC norms by several banks of the counrty, State Bank of India (SBI) chairman Pratip Chaudhuri has said his bank has been "put to a loss" by the non-compliance of guidelines by private sector peers.

Mumbai | June 16, 2013 12:06 (IST)

Pressure is mounting on the Reserve Bank of India (RBI), both by banks and the industry, to cut policy interest rate as well as cash reserve ratio (CRR) on Monday to boost sagging industrial growth.

New Delhi | June 14, 2013 22:08 (IST)

The Reserve Bank of India (RBI) is likely to cut policy rates by 0.25 per cent and keep the cash reserve ratio unchanged at its policy review next week, on the back of slower-than-expected growth and more encouraging inflation readings, according to an HSBC report.

New Delhi | June 14, 2013 21:41 (IST)

Inflation easing to three and a half year low levels in May paves the way for the Reserve Bank of India (RBI) to cut interest rate on June 17, India Inc said on Friday.

Mumbai | June 14, 2013 21:25 (IST)

Amid the rupee logging its sixth weekly loss on Friday, rating agency Crisil said the sharp decline would impact inflation and force the Reserve Bank of India (RBI) to delay rate cuts.

London | June 13, 2013 19:43 (IST)

Mr Hester will step down later this year after the bank's board decided it wanted new leadership to oversee the sale of Britain's majority stake in the bank, which could take years.

Mumbai | June 13, 2013 19:14 (IST)

Surprisingly, during the latter part of the past fiscal, the country's largest bank had witnessed a sharp fall in deposit accretion, just like other banks.

New Delhi | June 12, 2013 18:45 (IST)

Since January 1, the rupee value has fallen by 5.5 per cent against the US dollar and touched life-time low of 58.98 on Tuesday.

Bangalore | June 12, 2013 12:04 (IST)

Wholesale prices, India's key inflation measure, probably rose an annual 4.87 per cent in May, the slowest pace since November 2009, the poll of economists showed.

Mumbai | June 10, 2013 18:11 (IST)

Axis Bank was fined Rs 5 crore, HDFC Bank Rs 4.5 crore and ICICI Bank, the country's second-largest lender, Rs 1 crore.

New Delhi | June 09, 2013 12:58 (IST)

The Reserve Bank of India (RBI) will come out with a paper on the banking structure in the country discussing issues like consolidation even as it prepares to issue new bank licences after a decade.

Jaipur | June 07, 2013 23:10 (IST)

Pitching for cut in policy rates, the country's largest bank, State Bank of India (SBI), said on Friday that the Reserve Bank of India (RBI) should now focus on growth as inflation has eased.

Jaipur | June 07, 2013 22:28 (IST)

State Bank of India (SBI) has said that the proposed merger of its five associate banks with itself could start by September after a high-powered committee submits its report on the same.

Mumbai | June 07, 2013 18:52 (IST)

The RBI's circular comes in the wake of rising non-performing loans even as economic growth languishes near a decade low.

Mumbai | June 07, 2013 12:51 (IST)

In a notification to all state and central co-operative banks, the RBI said loans against the security of gold coin would be up to 50 grams per customer.