RBI cancels Sahara India Financial Corp's NBFC registration

Last Updated: Monday, September 14, 2015, 21:49

In a fresh jolt to Saharas, Reserve Bank has cancelled Sahara India Financial Corporation's certificate of registration as NBFC.

GE to sell transportation finance unit to BMO

Last Updated: Friday, September 11, 2015, 09:14

US industrial conglomerate General Electric said Thursday it would sell the transportation finance unit of its GE Capital to Canada`s BMO Financial Group.

China announces policies to boost financial leasing

Last Updated: Monday, September 7, 2015, 20:43

The Chinese government on Monday rolled out measures on financial leasing following a top-level meeting chaired by Chinese Premier Li Keqiang in August that resulted in the decision to boost the sector to help cash-strapped firms.

DLF enters into JV with Singapore's GIC

Last Updated: Wednesday, September 2, 2015, 10:54

DLF further said: "GIC will invest a sum of approximately Rs 1,990 crore. The JV is expected to benefit from GIC's experience of investing in integrated developments across the globe."

India joins UN's Better Than Cash Alliance in financial inclusion push

Last Updated: Tuesday, September 1, 2015, 23:33

The government Tuesday said it's joining the United Nations' Better Than Cash Alliance as part of its efforts to widen its financial inclusion drive.

China jitters, globalization bode ill for Fed's inflation goal

Last Updated: Friday, August 28, 2015, 10:53

The recent market swoons follow a series of other shocks - crashing oil prices, weakness in Europe, the constant deflation threat in Japan - that have held down inflation globally.

Edelweiss Financial Services shares surge over 4%

Last Updated: Wednesday, August 26, 2015, 13:05

Shares of Edelweiss Financial Services Wednesday surged over 4 percent, after its subsidiary Edelweiss Tokio Life Insurance got necessary approval from FIPB to increase its FDI cap.

Call drops not good for financial inclusion: SBI chief

Last Updated: Monday, August 24, 2015, 23:08

SBI chairman Arundhati Bhattacharya Monday joined the debate on frequent call drops, citing a personal experience of not being able to get seamless connectivity while driving along Marine Drive, and warned that bad networks are detrimental to financial inclusion agenda.

RBI likely to go for 0.25% cut in September: HSBC

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

According to the global financial services firm, food prices have been falling across all major sub-groups, across the CPI and WPI measures, both on annual and sequential basis.

Bandhan Bank will focus on MSMEs: FM Jaitley

Last Updated: Sunday, August 23, 2015, 11:33

The Kolkata-based BFS had received a nod from the Reserve Bank of India (RBI) to start commercial banking operations last year.

Payments banks to strengthen financial ecosystem: Kochhar

Last Updated: Thursday, August 20, 2015, 16:10

With RBI announcing 11 licences for payments banks, top private sector lender ICICI Bank on Thursday said the entry of these new entities would strengthen the overall financial ecosystem and also benefit existing banks.

Vodafone says will offer comprehensive financial services

Last Updated: Wednesday, August 19, 2015, 23:49

Vodafone India Wednesday said the payments bank licence will enable it offer a comprehensive portfolio of banking and financial products and services, accelerating India's journey into a cashless economy.