Black money: Swiss govt rejects privacy in financial matters

Last Updated: Wednesday, August 26, 2015, 21:20

At a time when it is under global pressure, including from India, on black money menace, the Swiss government has rejected the popular initiative to allow strict privacy in financial matters.

SBI chief takes U-turn, says payments banks 'opportunity' for all

Last Updated: Tuesday, August 25, 2015, 23:31

In a U-turn from her earlier stated position on the entry of payments banks, SBI chief Arundhati Bhattacharya Tuesday said there is nothing negative about them and there is a huge opportunity for the entire banking system.

Govt to infuse Rs 5,393 cr in SBI; IOB, UBI to also get funds

Last Updated: Tuesday, August 25, 2015, 23:28

Country's largest lender SBI Tuesday said it will issue equity shares on preferential basis to the government for capital infusion of Rs 5,393 crore.

U-turn on payments banks: SBI chief sees 'opportunity' for all

Last Updated: Tuesday, August 25, 2015, 22:34

"With this new competition, I think there is a huge opportunity out there for the entire banking sector. And this opportunity is for us to take," she said.

Govt to infuse Rs 1,140 cr capital into Allahabad, Corp Bank

Last Updated: Monday, August 24, 2015, 22:51

State-run Corporation Bank Monday said its board has approved capital infusion of Rs 857 crore by the government.

Payments banks could make banking sector be a 'dog-eat-dog' market: SBI chief

Last Updated: Monday, August 24, 2015, 22:50

State Bank of India (SBI) chief Arundhati Bhattacharya Monday again expressed fears over the entry of payments banks, saying they are agile and have an edge as they are not bound by industry-level wage agreements which can lead to 'a dog-eat-dog's world'.

SBI chief says crisis year lending by PSBs helped pvt banks

Last Updated: Monday, August 24, 2015, 22:27

State Bank of India chief Arundhati Bhattacharya Monday said state-run lenders' risk-taking during the crisis years is helping private sector lenders report healthy asset growth by "cannibalising" the completed projects.

Bandhan Bank joins Indian banking league with 501 branches

Last Updated: Sunday, August 23, 2015, 21:12

Bandhan Bank Sunday began operations as a full-fledged bank with 501 branches and 1.43 crore accounts across the country, becoming the newest member of the estimated USD two-trillion Indian banking industry.

Britain says wants to work with Iran on trade and investment

Last Updated: Sunday, August 23, 2015, 19:40

Britain said on Sunday that it wanted to work with Iran`s central bank to make it easier for UK banks to finance trade and investment in the country after a thaw in diplomatic relations.

'Blue-painted' West Bengal gives India its newest bank – Bandhan Bank

Last Updated: Sunday, August 23, 2015, 18:08

With Bandhan from West Bengal becoming India's newest full-service bank to begin operations, Finance Minister Arun Jaitley Sunday said a 'blue-painted' city has given birth to a new institution which was not the case when it was 'painted red' -- referring to the past Left rule.

Banks seek shareholders' nod for Rs 5,934-crore capital infusion

Last Updated: Saturday, August 22, 2015, 22:33

Four public sector banks, including PNB and BoB, Saturday sought shareholders' approval for capital infusion of Rs 5,934 crore by issuing preferential shares to the government.