Union Bank takes digital initiatives with M-passbook

Last Updated: Monday, July 6, 2015, 16:09

This will allow customers to instantly transfer funds to any account from the branch. The limit has been set at up to Rs 2 lakh per day.

New Credit Suisse CEO promises 'ruthlessly selective' review: Report

Last Updated: Saturday, July 4, 2015, 09:11

Newly appointed Credit Suisse AG Chief Executive Tidjane Thiam, in an interview with the Financial Times, promised a "ruthlessly selective" review of the Swiss bank`s businesses, amid expectations that the incoming CEO would cut staff by about 15 percent from its investment banking arm.

HDFC Bank sees mobile banking overtaking net banking next year

Last Updated: Thursday, July 2, 2015, 18:34

"Usage of mobiles has been growing rapidly and outpacing the growth of the Internet transactions. We feel next year it will overtake Internet banking," its head of digital banking Nitin Chugh told reporters here.

Government close to appointing new heads of state-run banks: Rajan

Last Updated: Thursday, July 2, 2015, 14:52

Reserve Bank of India Governor Raghuram Rajan said on Thursday the government would soon appoint heads of state-run banks given the importance of acting quickly.

SBI plans massive branch overhaul; to focus on digital banking

Last Updated: Wednesday, July 1, 2015, 21:20

"The entire SBI branch network is undergoing a transformation. There will be changes in the branch location as well as depending on where the habitation is moving.

SBI eyes top slot in mobile banking with focus on corporates

Last Updated: Tuesday, June 30, 2015, 23:43

Bhattacharya said the lender ranks at top in mobile banking in terms of number of transactions done but in terms of volumes it is still at third or fourth position.

HDFC Bank launches '30-min auto', '15-min 2-wheeler' loans

Last Updated: Monday, June 29, 2015, 16:31

The 30-minute auto loan and 15-minute two-wheeler loan is the latest initiative in HDFC Bank's digital banking offering christened Go Digital.

HSBC ends sponsorship of key emerging market indexes

Last Updated: Friday, June 26, 2015, 23:32

Banking giant HSBC has ended its five-year sponsorship of a closely watched series of business activity surveys, financial research group Markit, which compiles the data, said Friday.

Selvakesari elevated to head Citi's consumer banking in APAC

Last Updated: Friday, June 26, 2015, 16:39

Global banking major Citi on Friday elevated Anand Selvakesari as the head of its consumer banking for Asia Pacific.

Indebted firms constraining bank lending: RBI report

Last Updated: Thursday, June 25, 2015, 17:40

The ability of India`s debt-burdened firms to repay their debts has worsened as leverage has increased, straining a banking sector burdened by bad loans, according to a report released by the Reserve Bank of India on Thursday.

Banks can borrow from international institutions without RBI nod

Last Updated: Thursday, June 25, 2015, 17:38

Easing norms for accessing foreign funds, RBI today allowed banks to borrow from international financial institutions for general banking business without seeking its permission.

Money laundering: RBI advised to share banks inspection report

Last Updated: Thursday, June 25, 2015, 15:49

The Reserve Bank of India has been advised by the Law Ministry to share extracts of its banks' inspection reports with intelligence and law enforcement agencies to help check money laundering and violations of other banking laws.