Brussels: A summit of all European Union (EU) members planned for Sunday has been cancelled as talks over a third bailout deal for Greece would continue, said European Council President Donald Tusk."I have cancelled EUCO (European
Thiruvananthapuram: Kerala Chief Minister Oommen Chandy on Monday pulled up the banking industry and asked it to take a more favourable approach towards genuine banking needs of the people.The banking industry, in the best interests
Bengaluru: State-run Canara Bank's two sponsored regional rural banks (RRBs) in Kerala and Karnataka on Wednesday launched an immediate payment service through the National Payments Corporation of India (NPCI)."The innovative facility will enable customers of
Mumbai: The first set of new banking licences will be issued by August, taking the number of such private financial institutions operating in the country to more than 12."I hope to announce at least one
HDFC Bank Ltd has posted a net profit of Rs 2806.9 crore for the qurater ended March 31, 2015, up by 20.6% over the same period in the year previous to last.Its total income for
New Delhi: According to the new documents obtained from the finance ministry, twenty five nationalized banks have lost Rs 12, 620 crore in last four financial years.The documents revealed that there have been 4,845 cases
New Delhi: HDFC Bank on Tuesday announced the launch of Chillr, a mobile app which allows users to instantly transfer money to any contact in their phone book.HDFC has partnered with MobME, a Kochi-based technology
New Delhi: Employee unions of public sector banks on Monday withdrew their strike call following an agreement with the management on 15% wage hike. "In today's talks, wage revision settled at 15% with effect from
United Nations: India is a "nearly 100 per cent banked country" that offers its citizens universal access to financial services aimed at spurring development, a UN commission heard on Thursday.In the five month since the
Mumbai: As technological advancements continue to change the world of finance and banking, Reserve Bank Deputy Governor SS Mundra on Thursday called upon bankers to "reinvent themselves" if they want to remain relevant."If there is
New Delhi: PSU bank employees' unions have deferred the proposed four-day strike from January 21 after the management of banks (IBA) assured that wage related issues will be resolved by early February.“Four-day strike has been
Bhubaneswar: Rajya Sabha member Pyarimohan Mohapatra Sunday said bank lockers of his wife and daughter were examined by the CBI as part of its investigation in the Odisha chit fund scam.Mohapatra said officials of the
Washington: In the aftermath of the economic crisis, there has been slow growth in global trade, the World Bank has said.In the year 2012 and 2013, the global trade expanded by less than 3.5 per
Chennai: Banking, ATM services and cheque transactions in Tamil Nadu and neighbouring Puducherry were affected today as employee unions went on a one-day country-wide strike to press for wage revision.About 10 lakh employees and officers
Mumbai: Top banker Chanda Kochhar has said there can be some addition to the non-performing assets (NPAs) of banks during the current fiscal, but the worst appears to be over. “There will be some addition to
Mumbai: Concerned over the lukewarm response to inflation-indexed bonds, the Reserve Bank plans to revise their features to attract more retail investors. “We had launched inflation-indexed bonds that were not successful. We are coming out
Mumbai: International rating agency Moody's has warned that implementation of the bank resolution regime as proposed by the high-level FSDC working group may raise risks of the creditors to the domestic banks and other financial
Mumbai: Bank deposits grew 14.8 per cent year-on-year to Rs 78,88,416 crore as of May 2, faster than credit growth, according to the RBI data.Deposits of commercial banks stood at Rs 68,68,811 crore during the
Mumbai: Bank deposits grew 14.8 per cent year-on-year to Rs 78,88,416 crore as of May 2, faster than credit growth, according to the RBI data. Deposits of commercial banks stood at Rs 68,68,811 crore during
New Delhi: Exhorting public sector banks to take tough action against wilful defaulters, Finance Minister P Chidambaram today said a situation where “promoter is prosperous but company is sick” is not acceptable.In his meeting with
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