Banking services hit by day-long strike

Last Updated: Wednesday, September 2, 2015, 20:02

Banking services across the country were hit Wednesday by the day-long strike by 10 central trade unions and 14 bank unions, but workers of largest lender SBI and a few other banks stayed off the agitation.

RBI official asks banks not to use govt capital to clean books

Last Updated: Monday, August 31, 2015, 19:04

A senior Reserve Bank official Wednesday said state-run lenders should use the capital received from the government to grow their credit books rather than clear their large pile of bad assets.

Religare partners with Trinity Securities in Thailand

Last Updated: Friday, June 12, 2015, 13:18

Religare signed a joint venture in April in the Philippines to provide investment banking and equity capital markets services with FSG Capital. It is also exploring further growth initiatives in Bangladesh, Vietnam and Myanmar, it said.

CCI dismisses case against Tamilnad Mercantile Bank

Last Updated: Friday, March 27, 2015, 14:43

The Competition Commission has dismissed a complaint which alleged that private sector lender Tamilnad Mercantile Bank indulged in unfair business practices while providing banking services.

Swiss banks return to basics; pitch 'superior' banking services

Last Updated: Wednesday, January 21, 2015, 16:32

In a major departure from their earlier practice of luring wealthy clients in the name of 'safe havens', Swiss bankers are now pitching 'superior banking' services to their prospective clients -- although Indian corporate leaders do not appear much impressed.

ICICI vows focus on infra, youth and social responsibilities

Last Updated: Sunday, January 4, 2015, 12:50

As it completes 60 years of the group's existence on Monday, ICICI Bank has identified infrastructure building, a young population and social fibre of the country as its three focus areas going ahead.

Plan to open 10,000 bank branches a year from next fiscal: FM

Last Updated: Saturday, January 11, 2014, 22:41

As part of taking banking services to rural areas, the Centre has revised its target upwards to opening 10,000 new bank branches a year, according to Union Finance Minister P Chidambaram.

RBI says mobile banking has miles to go to reach traction

Last Updated: Wednesday, January 1, 2014, 20:27

The Reserve Bank has expressed its disappointment over the lower-than-expected spread of mobile banking in the country saying the awareness levels of this tool has been wanting.

TRAI prescribes tariff for USSD-based mobile banking services

Last Updated: Wednesday, November 27, 2013, 17:48

Aiming to promote use of mobile banking services across India, telecom regulator TRAI has come out with guidelines and tariff on unstructured supplementary service data (USSD)-based mobile banking services.

Banks' exposure to shadow banking entities up in India, others

Last Updated: Friday, November 15, 2013, 17:58

India is among the nations who have witnessed a marked increase in the exposure of its banks to 'shadow banking' entities, whose asset base globally grew to USD 71 trillion in 2012-end, according to an international body of financial regulators.

Banking services restored at Indian Overseas Bank

Last Updated: Thursday, August 22, 2013, 18:34

Considered one of the largest public sector banks with 3,000 branches nationwide, the glitch "largely affected" transactions, hampering day-to-day operations, they said.