Bank's borrowing from global institutions only for general biz

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.

RBI to allow new kind of NBFC as account aggregator

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.

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.

RBI announces draft framework on rupee-linked offshore bonds

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.

Equifax appoints HSBC's Manish Sinha to head country ops

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.

Target announces $19 million data breach settlement with MasterCard

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.

Sebi revamps securitisation trustee norms

Last Updated: Friday, April 10, 2015, 12:34

To deepen the securitisation market, Sebi has made it easier for banks and public financial institutions to act as trustees, while a new code of conduct has been put in place to safeguard investors' interest.

Moody's raises outlook for 15 banks, FIs to 'positive'

Last Updated: Thursday, April 9, 2015, 17:21

Credit rating agency Moody's Thursday revised upwards the outlook to positive, from stable, for 12 state-owned banks and financial institutions including SBI, PNB, Canara Bank, REC and PFC.

SKS Microfinance shares surge nearly 9%

Last Updated: Tuesday, April 7, 2015, 22:07

Shares of SKS Microfinance soared nearly 9 percent Tuesday after RBI decided to increase the maximum amount that can be loaned by financial institutions to low-income households.

AIIB not a threat to World Bank, others: Indrawati

Last Updated: Sunday, March 22, 2015, 21:13

The World Bank today welcomed the setting up of the Asian Infrastructure Investment Bank and promised full cooperation, dismissing worries that the China-sponsored bank will compete against it or existing regional financial institutions.

Banks, financial institutions to face action under new black money law: Das

Last Updated: Wednesday, March 4, 2015, 16:31

Under the new law on black money, banks and other financial institutions will also face action if they are found to have abetted stashing of illicit wealth, along with the action against the perpetrators and beneficiaries of this crime.