Athens, Greece: Greek banks are reopening Monday after a forced 3-week closure but restrictions on cash withdrawals will remain.In a decree Saturday, the Greek government kept the daily cash withdrawal limit at 60 euros ($65)
Stanford (California): Praising the positive role being played by public sector banks, Finance Minister Arun Jaitley today said the government has not yet decided on the exact recapitalisation figures for them. “I have not decided
New Delhi: As many as 26 shortlisted candidates, including executives from private sector banks, are to appear for interviews here for two days from Monday, for the posts of chief executive and managing director at
New Delhi: Public sector banks today gave an assurance that they will make “greater” cuts in interest rates in the coming days and weeks, Finance Minister Arun Jaitley said.He disclosed this after a meeting with
Washington: Four big banks will pay $2.5 billion in fines and plead guilty to criminally manipulating global currency market going back to 2007.JPMorgan Chase, Citigroup, Barclays and The Royal Bank of Scotland conspired with one
New Delhi: To ensure that banks and ATMs in the city have foolproof security, the Delhi government has asked them to hire the services of only licensed private security agencies.The government has also directed private
New York: A report from a cybersecurity firm says an international hacking ring has stolen up to $1 billion from banks around the globe in what would be one of the biggest banking breaches known.The
Mumbai: Seeking to increase insurance penetration in the country, the Reserve Bank on Thursday allowed banks to act as brokers for insurers, set up their own subsidiaries and also undertake referral services for multiple companies.“Banks
New Delhi: Within hours of rate cut announced by RBI, United Bank has reduced the benchmark lending rate by 0.25 percent, while other banks including market leader SBI have indicated that they would follow suit.EMIs
New Delhi: The Reserve Bank of India today slashed repo rates, the level at which it lends to commercial banks, by 25 basis points to 7.75 per cent with immediate effect. While it will certainly
New Delhi: India needs to "conceive" several reforms in the banking sector, Finance Minister Arun Jaitley told reporters on Saturday on the sidelines of a two-day banking retreat.Jaitley added that there is a need to
New Delhi: Burdened with rising bad loans, mostly given to big corporates, banks learnt it hard way in 2014 that 'if you owe the bank 100 dollars that's your problem, but if you owe the
Mumbai: As India continues its pursuit of black money allegedly stashed abroad, Switzerland has said it would not entertain any ‘fishing expedition' and authorities cannot ask for names of all Indian account holders in Swiss
New Delhi: Even as RBI allowed banks to charge ATM transcations beyond five in metros, the lenders are yet to restrict the number of free withdrawals for their own customers at home automated teller machines.Leading
New Delhi: The Reserve Bank of India today permitted non-banking finance companies to act as business correspondents (BCs) of banks, allowing them to offer limited services with the aim of spreading financial inclusion."It has been
New Delhi: Amidst concerns over rising bad loans, Finance Minister Arun Jaitley will hold pre-budget consultations with heads of banks and financial institutions on June 10 to deal with the situation.The meeting with CMDs and
Kolkata: India Ratings on Friday said that deferment of Basel III by the Reserve Bank of India (RBI) till March 2019 would ease pressure on banks. “The Reserve Bank of India's (RBI) deferral of the Basel
New Delhi: All major banks dealing with Income Tax payers and Income Tax offices snall remain open from March 29, Saturday til March 31 to facilitate payment of taxes at the end of the financial
Mumbai: Pre-Diwali fireworks continued unabated in the stock market as robust buying amid growing confidence about economic recovery propelled the benchmark index Nifty to its highest level in three years on the National Stock Exchange
Mumbai: Weak economic environment, rising non-performing assets and higher cost of funds will keep margins of banks under stress in the second quarter, say analysts.“Broadly, all banks are going to see pressure in the second
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