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
New Delhi: In a notification, the Reserve Bank of India (RBI) has said that from October, banks should bear the full cost of fraudulent transactions happening at point of sales terminals that don't comply with
New Delhi: The Reserve Bank's move to allow a special window to swap foreign currency non-resident (FCNR) dollar funds for boosting foreign fund inflows is likely to fetch around $10 billion, say experts.The newly-appointed Governor
New Delhi: With a view to curb appetite for gold, banks are sanctioning advances, including personal loans, only if borrowers agree not to use the proceeds to buy the metal beyond permitted levels.Banks have placed
New Delhi: With a view to curb appetite for gold, banks are sanctioning advances, including personal loans, only if borrowers agree not to use the proceeds to buy the metal beyond permitted levels.Banks have placed
New Delhi: Coming down heavily on pesky callers, telecom regulator Trai today said phone connections of banks, insurance firms and realty players will be disconnected if rules of unwanted calls and messages are flouted by
New Delhi, July 9: Tightening their noose on loan defaulters, banks have decided to 'name and shame' the guarantors of such borrowers as well by publishing their photographs and other details in newspapers and at
Mumbai, Jun 7 : Worried over surge in gold imports, Finance Minister P Chidambaram Thursday said RBI has already advised banks against selling gold coins and banks on their part should dissuade customers from buying
New Delhi, May 6 : An investigative website Cobrapost Monday alleged that at least 23 top public and private banks and insurance companies have been doing large-scale money laundering. Several of the firms named denied
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