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
Mumbai, Mar 9: Debt-laden wind turbine maker Suzlon today said its board has agreed to allot over 78 crore fresh shares, constituting about 32 per cent of equity, worth about Rs 1,451 crore to banks
New Delhi/Berne, Dec 16: Often accused of providing safe havens to black money from India and other countries, Switzerland has proposed a new bill to prevent its banks and other institutions from accepting "untaxed assets"
New Delhi, Nov 30: Lenders to Kingfisher Airlines said they are yet to hear from the grounded airline even as the deadline set by the bankers to bring in fresh equity of $1 billion ended
Mumbai, Apr 17: Concerned over spurt in gold imports, RBI today asked banks to reduce exposure to NBFCs giving loan against the precious metal and has set up a working group to suggest ways to
New Delhi, April 2 : Banks are offering reduced home loan rates only for new borrowers, and this is not being applied in the cases of existing borrowers. On Sunday, Canara Bank slashed home loan
New Delhi, Mar 31: In a big boost to its precarious financial position, Air India's Financial Restructuring Plan (FRP) has been approved by a consortium of banks, which may enable the ailing carrier save several
Mumbai, Mar 12: Snapping a two-session gaining streak, the rupee today lost 13 paise to close at 49.97/98 against the US currency on fresh dollar demand from banks and importers as the greenback firmed against
New Delhi, Feb 2: The Finance Ministry is working out the financial implication of the Supreme Court judgement to cancel 122 telecom licences on the banking sector. “We have to see the implication. Officers are
Mumbai, Nov 15: Battling a crisis of survival, Kingfisher Airlines Chairman Vijay Mallya today sought help from banks to raise short-term funds to the tune of Rs 700-800 crore as working capital and interest concession
Mumbai, Oct 25: Borrowers wanting to prepay home loans can look forward to some relief as RBI today indicated that it would scrap prepayment penalties charged by banks.“It is proposed to implement the recommendations of
New Delhi, Sept 7: Cautioning that the economy is passing through turbulent times, Finance Minister Pranab Mukherjee today asked banks to maintain a strict vigil on the quality of their loan portfolio.“The commitment to moderate
Mumbai, Jul 7: Despite concerns expressed about the slowdown in demand for credit in a high interest rates scenario, Chairman of Indian Banks Association M D Mallya has said the industry will meet the targeted
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