In the midst of fear due to security breach of over 32 lakh debit cards of various banks, Finance Ministry on Thursday sought to calm people down by saying that they constitute only a small
Credit rating agency Moody's Investors Service on Wednesday said the State Bank of India's (SBI) issuance of additional tier 1 (AT1), Basel III compliance securities would set the pricing benchmark for other issuers.
A Parliamentary panel has asked lenders to take decision on financing of stressed assets as per their “own wisdom” and on the basis of the project’s viability, after it found the banks working under the
A new measure introduced by some private banks makes the process of authentication adopted for phone banking much easier for users. In what will come as a major relief for users who frequently use phone
New Delhi: The Ministry of Finance today allocated Rs 22,915 crore capital to as many as thirteen public sector banks including SBI, PNB and IOB to give a boost to their lending operations and ensure
Mumbai: In an effort to provide better services to customers, the Reserve Bank of India today asked banks to swap up to 20 pieces of soiled currency notes with a maximum value of Rs 5,000
New Delhi: Finance Minister Arun Jaitley has questioned the high interest rate regime for domestic savings, especially when the propensity to park funds in banks is high in India and the corporate sector constantly complains
New Delhi: State-run banking behemoth State Bank of India (SBI) has been given a spot in a 'Hall of Shame' list of 158 banking and financial institutions globally that have invested heavily in companies making
Osaka: As ten state-run banks have been swept by a wave of loss in the March quarter, Finance Minister Arun Jaitley vowed to provide greater capital support to lenders while warning that defaulters will not
India will have 8-10 very competitive public sector banks once the "dust settles" and the consolidation phase ends, Union Minister Jayant Sinha said on Friday.
New Delhi: The top 50 defaulters of public sector banks (PSBs) had exposure in excess of Rs 1.21 lakh crore as on December 2015, parliament was told today. "The total exposure of top 50
New Delhi: The consortium of banks on Monday alleged in the Supreme Court that Vijay Mallya, who has been in United Kingdom, is not cooperating in the investigation of cases lodged against him and was
Pune: Former Comptroller and Auditor General of India and Banks Board Bureau chairman Vinod Rai on Wednesday said not all loan defaults are willful and not all lenders are corrupt as he stressed that ongoing
New Delhi: State Bank of India has lowered its lending rate for home loans to 9.45 per cent and further to 9.4 per cent for women customers following implementation of a new interest rate calculation
Mumbai: The Reserve Bank of India (RBI) has asked banks to keep their branches, which conduct government business, open for full day on March 30 and till 8 pm on March 31 to facilitate the
New Delhi: Cyber criminals allegedly hacked the Bangladesh Central Bank's computer system and stole Rs 537 crores ($80 million), amounting to one of the biggest bank thefts of all times. Though, a bigger heist of
New Delhi: Taking a cue from Prime Minister Narendra Modi's ambitious 'Make in India' and 'Digital India' programmes, Tata Mutual Fund plans to launch two new schemes based on these initiatives.Besides, Tata MF plans to
New Delhi: Normal working at banks was affected today due to a nationwide strike called by 10 central trade unions, although the staff of SBI, IOB, ICICI Bank, HDFC Bank and Axis Bank stayed away
New Delhi: Bad loans at public sector banks have increased to Rs 2.67 lakh crore at the end of March 2015 from Rs 2.16 lakh crore a year ago, minister of state for finance Jayant
Athens: Banks in Greece re-opened on Monday after three weeks of closure sparked by the deadlock over the country's debt, a media report said.People will be now able to withdraw up to 420 euros (about
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