New Delhi: The Finance Ministry has asked public sector banks to step up efforts for mobilising low-cost CASA deposits and focus on recovery in a bid to improve their financial performance. “Banks have been asked to
New Delhi: As part of the strategy to contain bad debts, the Finance Ministry has directed all public sector banks to accord top priority to cases of fraud and wilful default and take legal action
Beijing: A Chinese bank has launched a new ‘Pretty Mom' credit card targeting young mothers, a growing group in the world's most populous country known for their love of shopping and their greater say in
Dubai: Qatar-based Doha Bank has entered into an agreement with HSBC Bank Oman to purchase the latter's banking business in India.HSBC Bank Oman is an indirect 51 percent owned subsidiary of HSBC Holdings plc.Chairman of
New Delhi: Ending weeks of uncertainty, the Election Commission today allowed the Reserve Bank to issue licences for setting up new banks.“The Commission is of the view that the Reserve Bank of India (RBI) may
New Delhi: A consumer court here Monday ordered Axis Bank to pay squash champion Dipika Pallikal compensation of Rs five lakh for deficiency in service and costs of Rs 5,000.In her complaint, Dipika, an Arjuna
New Delhi: Midst reports in a section of media that the Election Commission may put a spanner on the Reserve Bank plan to issue the first few new bank licences by the month-end, senior-most deputy
Mumbai: Export-Import Bank of India (Exim Bank) today said it has extended a second line of credit (LoC) of USD 89.90 million to the Republic of Congo for developing transportation system. Exim Bank had earlier
New Delhi: The Reserve Bank will issue new bank licences in a few weeks, after seeking approval of the Election Commission, Governor Raghuram Rajan said today. Over two dozen public and private sector applicants, including
Mumbai: The benchmark S&P BSE Sensex today once again fell short of the 20,000 mark even after wiping out a 219-point intra-day loss, helped by buying in metal, realty and banking stocks.Continued appreciation in the
Kabul: The young woman worked for three years at the Afghan bank, officials say. Then one day she vanished. As did $1.1 million.Afghan authorities have been scrambling to track down the suspected thief and several
Mumbai: The Reserve Bank today asked banks to link the disbursal of home loans to stages of construction to protect the interests of buyers and contain the fallout of “innovative” housing financing schemes. “In view
New Delhi: Public sector banks should deal strictly with wilful defaulters to check non-performing assets (NPAs) while being sympathetic towards borrowers facing difficulties, Finance Minister P Chidambaram said today.“Genuine defaulters and wilful defaulters need to
Chennai: In order to check robbery at Banks and ATMs, Banks have been advised to step up security by installing high-resolution CCTV cameras with internet facility.A meeting between top police officials and representatives of banks
Mumbai: Singaporean bank DBS today said the latest RBI move to ease liquidity should not be construed as a drawback of its tightening stance, but as a measure to keep the government's borrowing cost under
Mumbai, July 16: The Reserve Bank of India's boldest attempt yet to curb the fall in rupee delivered only a modest lift in the currency but the stock markets tumbling on Tuesday. The BSE benchmark
Mumbai, Jun 25: The US Exim Bank head Fred Hochberg today said there is more clarity in policymaking now in India but businesses are still adopting a “wait-and-see” approach in the wake of upcoming general
Thane, Apr 13: A fire broke out at Naupada branch of the Punjab National Bank here yesterday, fire brigade sources said.The fire started in the ATM room around 9 pm and soon spread elsewhere, sources
London, April 9: Actor Ryan Gosling says people enjoyed watching him rob a bank for a scene in upcoming movie "The Place Beyond The Pines".The actor shot in a real bank for the crime thriller,
New Delhi, Aug 17: The HDFC Bank has been asked by a district consumer forum here to pay “exemplary damages” of Rs one lakh to one of its credit card holders for harassing him by
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