Last Updated: Tuesday, August 4, 2015, 16:25
Bank's borrowing from global multilateral financial institutions are intended to be used for general banking business and not for capital augmentation, Parliament was informed today.
Last Updated: Tuesday, August 4, 2015, 15:23
With the demerger of financial undertaking from IDFC Ltd, IDFC Bank will kick-start its lending operations from October 1, 2015.
Last Updated: Tuesday, August 4, 2015, 13:09
The Reserve Bank is all set to issue the first set of differential bank licences -- small finance and payments banks -- by the end of August, a move aimed at promoting financial inclusion.
Last Updated: Monday, August 3, 2015, 23:05
Welcoming government's plan to recapitalise public sector banks with infusion of Rs 70,000 crore over the next four years, FICCI Monday said it augurs well for the banking sector and will help fuel economic growth.
Last Updated: Monday, July 27, 2015, 20:05
Royal Bank of Scotland Group Plc is in talks to sell its Indian private banking business to Sanctum Wealth Management, a firm set up by its local private banking business head Shiv Gupta, a spokeswoman for the bank said on Monday.
Last Updated: Friday, July 24, 2015, 17:30
Non-banking finance company Sundaram Finance has announced 50 basis points downward revision in interest rates on deposits with immediate effect.
Last Updated: Friday, July 24, 2015, 11:21
The bank proposes to start operations with 20 branches.
Last Updated: Wednesday, July 22, 2015, 13:48
The Pune-based company had reported net profit of Rs 211.36 crore in the corresponding period a year ago.
Last Updated: Friday, July 17, 2015, 19:26
Terming financial sector frauds as "lethal parasite" to the economy, Union Minister Jayant Sinha on Friday asked banks to fast-track the process of reporting such instances to help the probe agencies crack these cases.
Last Updated: Thursday, July 16, 2015, 18:34
Bank stocks on Thursday gained up to 4 percent following the government's move to simplify foreign investment regime that boosted investor sentiment.
Last Updated: Sunday, July 12, 2015, 16:56
SMECorner has tied up with Snapdeal, Flipkart, eBay, Paytm, among other e-commerce players to play a catalyst role to secure easier loans for sellers, he said.
Last Updated: Thursday, July 9, 2015, 23:55
The Reserve Bank Thursday tightened the norms for acquisition/transfer of control of non-banking financial companies (NBFCs) by making it mandatory to seek prior approval from it.
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