A tiny Gujarat village with over ₹1,000 cr in NRI deposits

Press Trust of India

Kerala’s nearly ₹90,000-crore of NRI deposits, which is the highest in the country, pales into o... »

Bank unions threaten indefinite strike from March 16

Vinson Kurian

A meeting of the United Forum of Bank Unions held in Mumbai has reportedly decided on an industr... »

Syndicate Bank launches new scheme for women entrepreneurs

Vishwanath Kulkarni

Syndicate Bank is targeting to reach out to over 20,000 women entrpreneurs across the country th... »

'Security is the root for tech-centric banking'

C Rangarajan, former PMEAC Chairman, with delegates at the 10th International Conference on Information Systems Security at IDRBT in Hyderabad on Thursday . At right is A S Ramasastri, Director of IDRBT. Photo P V Sivakumar

G Naga Sridhar

There is a need to ensure a secured network for transmission of information, according to C Rang... »

Rate cut could happen early next year: Rangarajan

C Rangarajan, noted economist and former Governor of RBI, speaking at the 10th International Conference on Information Security Systems at IDRBT in Hyderabad on Thursday. Photo: P V Sivakumar

G Naga Sridhar

The much-awaited rate cut by the Reserve Bank of India (RBI) could happen early next year, acco... »

Moody’s: Diluting Govt stake credit positive for PSBs

Our Bureau

The Cabinet decision to allow private capital by diluting Government stake in public sector banks is credit positive for undercapitalised banks, according to Moody’s investor service. &n... »

Corp Bank hits Jan Dhan target

Our Bureau

Corporation Bank has completed opening accounts for all un-banked households in the villages and wards allotted to it under the Pradhan Mantri Jan Dhan Yojana (PMJDY). A press release from the ban... »

ATM maker NCR Corp to roll out products for retail, hospitality sectors

Our Bureau

ATM manufacturer NCR Corporation is set to roll out new cash transaction solutions for the retail and hospitality sectors. The company, which has a 44 per cent market share in ATM manufac... »

India less vulnerable to rupee falls: policymaker


India is less vulnerable than other emerging markets despite recent falls in the rupee because of improved fundamentals, including lower inflation, said a senior policymaker aware of the central b... »

Rupee tumbles to 1-year low

Our Bureau

Dropping to an over 1-year low, the rupee breached 63 levels to end sharply lower (by 60 paise) on Tuesday at 63.54 against the dollar. The domestic currency was weighed down by heavy capit... »

HDFC launches new mobile service

Our Bureau

HDFC Bank launched its mobile banking facility that offers to turn a phone into a bank branch. ‘Bank Aap Ki Muththi Mein’ offers the customer financial and non-financial transactio... »

DCB Bank plans doubling business in three years

Rutam Vora

To increase lending to self-employed persons in tier-2 to tier-6 towns »

Axis bank opens all women branch, focuses digital

Our Bureau

Axis Bank, India’s third largest private sector Bank, has opened its first All Women Branch in Patna, Bihar. “Women play an important role in managing household savings and we believe tha... »

United Bank, Dhanlaxmi Bank have high NPA ratios: FinMin

Jayant Sinha


United Bank of India and Dhanlaxmi Bank top the list of public and private sector lenders with maximum incidence of bad loans. Among the foreign banks, Firstrand Bank had the ‘worst’ gros... »

IDBI Bank launches electronic insurance account

Our Bureau

IDBI Bank in association with NSDL Database Management Ltd (NDML) has launched 'Electronic-Insurance Account (e-IA)’. e-IA is the portfolio of insurance policies of a policy holder held... »

Harihar Mishra appointed as additional director of Dhanlaxmi Bank

SBI to increase branch network in Karnataka

Infra push: RBI allows banks to recast existing project loans

ARC gives India positive rating with stable outlook

Central Bank employees union files PIL seeking direction to recover bad loans

Business hours extended for RTGS transfers

NPCI links 10 crore Aadhar cards to bank account

Vijaya Bank’s equity capital mop-up plan on track: CMD

Russia to support banking sector with $17.1 bn additional capital


The Russian government proposed providing up to 1 trillion roubles ($17.10 billion) in additional capital to support the banking sector, a draft law posted on the lower house of parliament's web s... »

With RBI relaxing norms, factoring firms can now diversify business

Our Bureau

With the Reserve Bank of India throwing a line to factoring companies by relaxing the principal business criteria, these companies can now diversify their business. According to the relax... »

RBI slaps ₹50-lakh penalty on ICICI Bank, ₹25 lakh on BoB

Our Bureau

Reserve Bank of India (RBI) has imposed monetary penalty on two banks (ICICI Bank and Bank of Baroda) and cautioned three banks (State Bank of India, Axis Bank and State Bank of Patiala) for violat... »

Usage-based motor insurance faces hurdles

Deepa Nair

The concept of installing GPS devices in cars to track vehicle usage in determining motor insurance premium has not taken off in India despite attempts by general insurers. Insurers... »

Kotak Bank does a U-turn, seeks board seat in MCX

Suresh P Iyengar

In a major shift from its earlier stand, Kotak Mahindra Bank has sought representation on the board of Multi-Commodity Exchange (MCX).MCX is considering having Paul Parambi, Head of... »

SBI to increase branch network in Karnataka

Our Bureau

State Bank of India (SBI) is planning for a branch network of 750 in Karnataka by the end of 2014-15 fiscal. In an informal chat with presspersons on the sidelines of the inauguratio... »

HDFC Bank launches branch banking on mobile

Our Bureau

HDFC Bank launched its mobile banking facility that offers to turn a mobile phone into a bank branch. “With over 75 transactions -- all a touch away - ‘Bank Aap Ki Muththi Mein’ ... »

SBI sees RBI slashing policy rates after Feb; expects 50 bps cut

Investment revival still remains elusive, the SBI report has said.

KR Srivats

State Bank of India sees Reserve Bank of India cutting policy rates only after February 2015. The central bank may go for a rate cut in a decisive manner (50 basis points or so) post Feb... »

Rupee tumbles below 63, IT stocks jump

Gurumurthy K

Indian rupee tumbled below 63 for the first time since January. The currency fell to a low of 63.54 on Tuesday, lowest since September 2013. Rupee had opened this week on a weak note and fell over... »

Axis Bank, Tigerair offer on Singapore flights

Our Bureau

Axis Bank, India’s third largest private sector bank in association with Singapore’s no-frill airline Tigerair, announced a special offer ‘Fly out to Singapore for free on round trip’ for Axis Ban... »

UAE bank FGB plans to expand operations in India

SBI to hive off premises management to a subsidiary

Bank officers plan candle march

As profitability improves, new players keen to enter general insurance space

RBI to conduct Oct-Dec 2014 inflation expectation survey

Wipro implements Oracle program for Al Rajhi Bank

New CGM for SBT

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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