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RBI Governor Raghuram Rajan
RBI Governor Raghuram Rajan

One year on, RBI Governor Rajan going strong

K RAMKUMAR

On assuming charge as Governor of the Reserve Bank of India on September 4, 2013, Raghuram Ra... »

Manoj Adlakha is CEO of Amex India unit

Manoj Adlakha

KR Srivats

American Express has appointed Manoj Adlakha as Chief Executive Officer of its India business un... »

Kingfisher to seek legal remedies as apex court dismisses special leave petition

Giriprakash K

Kingfisher Airlines has said that it will pursue all legal remedies after the Supreme Court on T... »

On discretionary spend, India is No. 2 after China

The survey results show affluent Indians continue to be optimistic with plans to spend more on discretionary items in the year ahead.

Our Bureau

Affluent Indians plan to spend 60 per cent of their household income and save or invest the rest... »

Banking

NetApp partners Nabard on data centres for cooperative banks

PTI

Data storage solutions firm NetApp has partnered rural development lender Nabard for data and di... »

News

Jan Dhan: No foreign trips till Jan 26, FinMin tells public sector bank chiefs

K. R. Srivats

Call this the Pradhan Mantri Jan Dhan Yojana (PMJDY) effect. The Finance Minist... »

Banking

Axis Bank launches Shopaholics Online Festival

Our Bureau

Axis Bank, India’s third largest private bank, today announced the third season of its 3-day ‘Sh... »

‘We help exporters reach markets worldwide’

VIKRAM NARAYAN, Country Manager and MD, PayPal

K Ram Kumar

Indian exporters manufacturing jewellery, leather goods, garments and traditional handicrafts should wake up to an export opportunity worth billions of dollars that presents itself on just one... »

Corp Bank launches festival offer

Our Bureau

Corporation Bank has launched the ‘Grand Festival Dhamaka’ offer on home and vehicle loans, and loans for medical and business professionals. The offer will be on till December. A... »

Axis Bank launches Shopaholics Online Festival

Our Bureau

Axis Bank, India’s third largest private bank, today announced the third season of its 3-day ‘Shopaholics Online Festival’ starting September 2. The bank has tied up with 52 reputed onlin... »

SBH launches 275 days deposit

Our Bureau

State Bank of Hyderabad has launched a new deposit scheme for 275 days for their medium period investments, for period less than a year. ‘SBH – Vrudhi 275 Days’ offers liquidity with 9 per... »

Current account deficit shrinks to 1.7% in Q1

Our Bureau

Rise in exports and a decline in imports helped sharply narrow the country’s current account deficit (CAD) to $7.8 billion in the April-June quarter of 2014-15 from $21.8 billion in the year-ag... »

‘Savings account operative even if dividend credited’

Our Bureau

The Reserve Bank of India on Monday said savings bank accounts where dividend on shares is credited will be treated as operative. According to it, a savings account can be treated as inoperativ... »

JICA extends ¥30-b loan to SIDBI

Our Bureau

The Japan International Cooperation Agency (JICA) has extended a line of credit worth 30 billion Japanese Yen (about ₹1,800 crore) to the Small Industries Development Bank of India (SIDBI) for... »

TN region of Bank of Baroda to be bifurcated

LN Revathy

Since the launch of the “Credit on Wheel” programme in December 2013, Bank of Baroda, Tamil Nadu region has managed to add ₹125 crore to its advances portfolio.“The initiative aims t... »

RBI asks banks to hasten loan disposal process

Pre-requisite Timely credit is key to infrastructure growth

Beena Parmar

Cracking the whip on banks for delay in disposal of loans to borrowers, RBI asked banks to set up timelines and review pending loan applications beyond specific period. Wi... »

Set timeline to process loans, RBI tells banks

PTI

To expedite credit decision, the Reserve Bank of India (RBI) today asked banks to set a timeline for disposal of loan proposals but did not ascribe a particular time frame for the same. “... »

HDFC Life launches Health Assure plan

SBBJ revises FCNR(B) deposit interest rates

Image management, the missing art at PSBs

Rising rupee brings a windfall for foreign investors

Select panel on Insurance Bill to start work this week

LIC begins talks to de-materialise policies

Jan Dhan launched in Dharwad

Book on South Indian Bank

Axis Bank announces Online Festival

Our Bureau

Axis Bank announced the third season of its three-day ‘Shopaholics Online Festival’ starting September 2. The bank has tied up with 52 reputed online merchants across eight differe... »

Jan Dhan: No foreign trips till Jan 26, FinMin tells public sector bank chiefs

K. R. Srivats

Call this the Pradhan Mantri Jan Dhan Yojana (PMJDY) effect. The Finance Ministry has advised chief executives of public sector banks (PSBs) to avoid foreign trips till January 26... »

NetApp partners Nabard on data centres for cooperative banks

PTI

Data storage solutions firm NetApp has partnered rural development lender Nabard for data and disaster recovery centres to help cooperative banks move on to core banking solution (CBS) platform. <... »

Andhra Bank opens 5 lakh accounts

Our Bureau

Andhra Bank has opened 5.27 lakh basic savings bank deposit accounts across the country as part of the National Mission on Financial Inclusion - Pradhan Mantri Jan Dhan Yojana (PMJDY). Andhra Bank... »

Avanse forays into student loans

Neeraj Saxena

Our Bureau

Avanse Education Loans (Avanse) announced its foray into lending for educational institutions, such as universities, colleges, schools, pre-schools and coaching classes, among othe... »

RBI issues amendments to Basel 3 norms

Our Bureau

The Reserve Bank of India has allowed banks to issue additional Tier 1 capital instruments, the principal amount of which would absorb losses, either through conversion into common shares or a... »

Life insurers see a rebound in growth

Deepa Nair

Overall improvement in the macro-economic scenario has led to a rebound in growth for life insurers this fiscal so far, showed data released by the insurance regulator. The individual bu... »

NBFC home loans down 25% since 2012

Arvind Jayaram, BL Research Bureau

Loans given out by non-banking financial companies for housing purposes dipped by 25.8 per cent between March 2012 and 2014, as per the latest RBI data. This was primarily on account of regulat... »

Reliance Capital, Nippon Life launch two funds for Japanese retail investors

K. R. Srivats

Anil Ambani-led Reliance Capital and Japanese financial services major Nissay have joined hands to launch two mutual fund products for the Japanese retail investors. The two funds... »

Micro lenders log 44% growth in Q1 advances

PTI

The gross loan portfolio of the micro-finance sector grew 44 per cent to Rs 26,150 crore in the June quarter. The loan portfolio stood at 27 per cent in the East, 33 per cent in the South a... »

SBI, Japan Bank sign deal for export credit of $152 million

Our effort is to offer real market returns, says SBI MF chief Dinesh Khara

UBI declares Kingfisher, Mallya, 3 directors ‘wilful defaulters’

Infy, TCS in race for Bandhan Bank deal

Jan Dhan Yojana: FinMin meeting today on life cover

Jan Dhan will uplift weaker sections: FKCCI

SBI holds 375 camps

Govt to hike IFCI stake to 51%, infuse Rs 60 cr

Audio
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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