Axis Bank rules out cut in base rate for next two months

Last Updated: Friday, September 11, 2015, 22:35

Even as its larger rival HDFC Bank cut base rate by a sharp 35 basis points to 9.35 percent late last month, the third-largest private sector lender Axis Bank Friday ruled out any immediate reduction in its loan pricing.

Eurozone growth not strong enough to create jobs: ECB

Last Updated: Friday, September 11, 2015, 22:30

Growth is picking up in the 19-country eurozone, but not enough to create jobs in the region, a member of the European Central Bank`s executive board said in an interview published Friday.

Axis Bank launches mobile application LIME

Last Updated: Friday, September 11, 2015, 21:21

Axis Bank on Friday launched LIME, a mobile phone application offering wallet, shopping, payments and banking facilities.

RBI likely to cut rate on falling inflation: Moody's

Last Updated: Friday, September 11, 2015, 18:45

Reserve Bank is likely to cut interest rate as the wholesale price-based inflation is expected to decline further to 4.3 percent in August, Moody's Analytics said Friday.

China bank lending falls back in August

Last Updated: Friday, September 11, 2015, 17:08

China`s bank lending retreated in August, the central bank said Friday, after a sharp rise in July when the government directed funds into the stock market.

Hong Kong probes bank deposits complainant links to Malaysia PM

Last Updated: Friday, September 11, 2015, 12:23

Hong Kong police are investigating bank deposits a complainant said were linked to Malaysian Prime Minister Najib Razak, police said on Friday, as a probe into a troubled Malaysian state investment fund widens.

Bank of England keeps key interest rate at 0.50%

Last Updated: Thursday, September 10, 2015, 17:38

The Bank of England said Thursday it had voted to keep its interest rate at a record-low 0.50 percent, but cut economic growth forecasts and warned of global "headwinds".

Govt gives ex-post-facto nod to capital infusion in EXIM Bank

Last Updated: Wednesday, September 9, 2015, 20:20

The government on Wednesday gave its ex-post-facto approval to 800 crore capital infusion made in the Export Import Bank of India (EXIM Bank).

Rajan best man to decide on rates; better than Govt too: Rahul Bajaj

Last Updated: Wednesday, September 9, 2015, 18:23

"The best person in India today to decide (on rate cuts) is the present Governor of RBI... He knows better than the government, he wants to control inflation," Bajaj Auto Chairman said.

Low inflation regime to last longer: Gandhi

Last Updated: Wednesday, September 9, 2015, 00:24

The current regime of low inflation is likely to sustain for a longer period, Reserve Bank Deputy Governor R Gandhi said Tuesday.

Execution, capital issues persist in infra sector: BofA-ML

Last Updated: Tuesday, September 8, 2015, 23:24

Noting that infrastructure is witnessing a gradual revival, a BofA-ML report said the sector is still faced with challenges in terms of working capital requirements and execution issues.

Eurozone growth revised up to 0.4% in second quarter

Last Updated: Tuesday, September 8, 2015, 17:11

The 19-nation eurozone grew by 0.4 percent in the second quarter, official data showed on Tuesday, revising upward a first estimate that triggered worry the crisis in Greece had destabilised growth in Europe.