Raghuram Rajan, RBI Governor
Raghuram Rajan, RBI Governor

RBI not biased towards either raising or cutting rates: Rajan


The Reserve Bank of India is not biased towards either raising or cutting interest rates, and it... »

PNB to charge for all NEFT transactions


Punjab National Bank (PNB) has decided to levy charges on all online transfer of funds, irrespec... »

RBI to re-examine foreign investment limit in govt bonds


The Reserve Bank of India will re-examine foreign investment limit in government debt, centra... »

ICICI launches ‘Easy NRI Account’ for middle-east


ICICI Bank has launched a special account for the Non Resident Indians in the Middle East, allow... »

LIC observing Oct as social security month

Our Bureau

Life Insurance Corporation of India is observing October as social security month. &quo... »

SB Mathur quits as independent director of Axis Bank

Our Bureau

Axis Bank in an exchange filing said S B Mathur, non-executive independent director, has resigned from the board with effect from September 30. ... »

No softening of rates in near future: bankers

Our Bureaus

Considering the fact that credit has not picked up much and the system has sufficient liquidity and corporates have various avenues for raising funds and investment climate is yet to turn... »

Rajan warns of unhedged foreign currency exposure

Our Bureau

In a warning to India Inc, the Reserve Bank of India on Tuesday said the corporates’ unhedged foreign currency exposure is significantly higher than what ought to be and they cannot be ov... »

Bankers see no immediate change in deposit, lending rates

Our Bureau

In a post-monetary policy interaction with the media, top bankers Arundhati Bhattacharya, Chairperson of State Bank of India, Chanda Kochhar, MD and CEO of ICICI Bank and Aditya Puri, MD of... »

‘Focus is on reaching 6% retail inflation target by Jan’

RBI Governor Raghuram Rajan

Our Bureau

As was widely expected, the Reserve Bank of India, on Tuesday, kept the policy rates unchanged. The RBI held the repo rate (the interest rate at which it provides short-term liquidity to ba... »

Tweaking wilful defaulter definition to cover directors: Rajan


RBI Governor Raghuram Rajan today said the Reserve Bank is in the process of redefining the definition of “wilful defaulters” so as to bring the directors of defaulting companies under its ambit. »

KYC norms for bank account opening further simplified

Our Bureau

Guidelines on ‘know your customer’ (KYC) have been further simplified with immediate effect with a view to easing difficulties faced by common persons while opening bank accounts and during period... »

PMJDY accounts cross 5 crore mark: Financial Services Secy

GS Sandhu, Secretary, Financial Services, flanked by Sunil Kanoria, President Elect, Assocham, and DS Rawat, Secretary General, Assocham (left), during the 10th annual banking summit orgnised by Assocham, in New Delhi on Tuesday.

KR Srivats

The number of accounts opened under the Pradhan Mantri Jan Dhan Yojana has touched 5.1 crore account, Financial Services Secretary G.S.Sandhu has said. As much as Rs 3,500 crore has been... »

SBI may offer flexible hours, work place for women staff

K Ram Kumar/ NS Vageesh

State Bank of India’s women employees, engaged as remote experts to interact with customers for digital banking, may get to enjoy a bit more flexibility when it comes to work place and work... »

Few takers for digitisation of policies

G Naga Sridhar

There are almost no takers for dematerialisation — keeping policy document in an electronic form — of life insurance policies if one goes by numbers. Exactly a year after its launch,... »

Plea to insurance companies

Vehicle financing to see uptick from fourth quarter: IndusInd Bank chief

Srei Infra Finance to raise Rs 1,500 cr through NCD issue

Federal Bank sanctions ₹500 cr term loan to CIAL for new international terminal

Jan Dhan accounts cross 5 cr mark, banks collect over Rs 3500 cr

Banks in Dakshina Kannada open 1.5 lakh new accounts

United India Insurance keen to re-enter overseas markets

Banks in Dakshina Kannada open 1.5 lakh accounts under Jan Dhan

Kantha Kumar completes term as City Union Bank director

Our Bureau

City Union Bank in an exchange filing said N Kantha Kumar has vacated his office of director on September 29 on completion of continuous eight years in terms of Section 10A (2-A) (i) of the Bankin... »

Business outlook, consumer confidence improve in Q2: RBI survey

Our Bureau

Business outlook and consumer confidence in the country have improved during the second quarter of the current financial year compared to the year-ago period. However, there is red... »

Exim Bank to pitch for higher leverage, says Mathur

K. R. Srivats

Export Import Bank of India (EXIM) would soon urge the Modi-led Government to allow it to go in for more leverage, its Chairman and Managing Director, Yaduvendra Mathur has said. Currentl... »

LIC will initially foot the bill for Jan Dhan cover, says Sandhu

GS Sandhu, Secretary, Financial Services

KR Srivats

The Government will, in due course, part-finance Life Insurance Corporation’s efforts in providing life cover of ₹30,000 to each Jan Dhan account-holder, Financial Services Secretary GS Sandhu sai... »

RBI eases trading in bonds, currency hedging to boost liquidity

Beena Parmar

The Reserve Bank of India (RBI) on Tuesday said it will gradually lower the ceiling on bonds that can be held-to-maturity (HTM) starting in January, while further easing currency hedging rules for... »

Banks seek second Debt Recovery Tribunal in Andhra Pradesh

G Naga Sridhar

Banks in Andhra Pradesh asked the Government to set up a second Debt Recovery Tribunal (DRT) in the State. This request was made by SK Kalra, Executive Director, Andhra Bank, at the Sta... »

Highlights of RBI monetary policy review


Following are the highlights of RBI’s bi-monthly monetary policy statement: Short-term lending (repo) rate unchanged at 8% Cash reserve ratio unchanged at 4% S... »

RBI meets market expectations, holds interest rates

Our Bureau

Lower retail inflation and an upgrade in India’s outlook by S&P did not sway the Reserve Bank of India into cutting policy rates. In its fourth bi-monthly policy review, the RBI remai... »

RBI set to hold rates to continue inflation fight

RBI Governor Raghuram Rajan

Beena Parmar

To break the back of inflation, the Reserve Bank of India is likely to maintain status quo on the policy rate on Tuesday.Despite positive news on two fronts — ratings agency Standard an... »

YES Bank to offer deals at ATMs

Our Bureau

YES Bank, India’s fourth largest private sector bank, will offer discounts and deals at their ATMs to all customers. A statement from the bank said there were offers across categor... »

Talks on wage revision break down; bank unions plan national strike

Doha Bank to acquire India operations of HSBC Oman

General Insurance Officers' Assn demands execution of new transfer policy for female staff

Yes Bank offer to ATM users

Corp Bank opens 9.94 lakh accounts under Jan Dhan scheme

Corp Bank to build toilets under Swachh Bharat Abhiyan

Wage revision: Bank unions plan protests from Oct 10

Rajalakshmi Nirmal and Radhika Merwin of the BL Research Bureau discuss the role of asset reconstruction companies (ARCs) in the banking sector and how they deal with bad loans.


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