Last Updated: Sunday, September 6, 2015, 14:42
The existing Pradhan Mantri Micro Units Development and Refinance Agency (MUDRA) Yojana is being executed through NBFC registered with RBI.
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: Thursday, July 9, 2015, 19:09
Microfinance institutions in the country plan to raise incremental capital of around Rs 20,000 crore over the next 18 months, an industry association official announced here today.
Last Updated: Thursday, July 2, 2015, 20:03
The Reserve Bank will allow setting up new kind of NBFC which would act as account aggregator to help people see their accounts across financial institutions in a common format.
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.
Last Updated: Monday, June 22, 2015, 19:31
Private sector City Union Bank on Monday said it proposes to raise Rs 500 crore through Qualified Institutions Placement (QIP) to fund its business growth.
Last Updated: Friday, June 19, 2015, 19:51
Coming down hard on cooperative banks, RBI Deputy Governor R Gandhi on Friday said their share is below 5 percent despite large number, as they have not kept pace with technological advances and lack professionalism.
Last Updated: Friday, June 12, 2015, 20:34
Officials from the Department of Financial Services (DFS) updated the Finance Minister on the subsequent steps taken in this regard following the setting up of MUDRA Bank.
Last Updated: Tuesday, June 9, 2015, 20:08
The Reserve Bank of India on Tuesday released draft guidelines on the issuance of rupee-linked bonds overseas on which it plans to cap coupons at 500 basis points above similar maturity government bonds.
Last Updated: Wednesday, May 20, 2015, 16:42
Leading micro-finance institutions (MFIs) operating out of West Bengal have sought an increase in credit flow from banks, the only source of finance for these entities.
Last Updated: Wednesday, May 6, 2015, 15:40
Sinha, appointed as the managing director and country head for Equifax, will be focusing on retail banking as the head of consumer assets and customer value management.
Last Updated: Thursday, April 16, 2015, 03:54
Target Corp said it had agreed to reimburse about $19 million to financial institutions who had issued MasterCard-branded cards that were a part of the massive data breach at the retailer in 2013.
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