United Bank of India files caveat in Apex court against Kingfisher


State-owned United Bank of India (UBI) has filed a caveat in the Supreme Court against Kingfishe... »

Ministry asks LIC to consider life cover for all Jan Dhan beneficiaries

The Finance Ministry has asked Life Insurance Corporation to see if it can provide life cover of Rs 30,000 to each of the 15 crore new bank account-holders proposed to be covered under the Jan Dhan Yojana.

K.R. Srivats

The Jan Dhan Yojana, a financial inclusion mission to be launched by Prime Minister Narendra Mod... »

FD scam: Mumbai police files nine FIRs

Cash credit facilities available against fixed deposits of entities like JNPT and MMRDA were misused.

Beena Parmar

The Economic Offences Wing (EOW) of the Mumbai Police has registered nine first information repo... »

PM’s financial inclusion scheme opens with a bang

Beena Parmar

Banks kickstarted the Pradhan Mantri Jan Dhan Yojana (PMJDY) for financial inclusion by g... »

Canara Bank partners SFAC to extend credit to FPOs

Our Bureau

Canara Bank has tied up with the Small Farmers’ Agribusiness Consortium (SFAC) to provide collat... »

End financial untouchability for freedom from poverty: PM

Prime Minister Narendra Modi along with Finance Minister Arun Jaitley and RBI Governor Raghuram Rajan during the launch of the Pradhan Mantri Jan Dhan Yojana, in New Delhi, on Thursday.- Ramesh Sharma

Our Bureau

The Pradhan Mantri Jan Dhan Yojana, a financial inclusion mission launched by Prime Minister Narendra Modi, kicked off with a bang on Thursday, with a record 15 million new bank accounts o... »

Call rates end down, bond yields flat

Our Bureau

The interbank call money rate, the rate at which banks borrow short-term funds from one another, ended higher at 8.60 per cent from the previous close of 7 per cent on Wednesday. The yield... »

Jan Dhan Yojana: free insurance, a big draw

KR Srivats

For most banks in India, the past two weeks have been more than hectic as they went the extra mile to take the first steps on the BJP Government’s comprehensive financial inclusion drive under the... »

C. Krishnamurthy takes charge as GM of SBI, Kolkata Circle

Our Bureau

State Bank of India on Thursday said Chandrashekhar Krishnamurthy has taken charge as General Manager, Network-III of its Kolkata Circle. ... »

Insurance cover gets bigger this Ganesh Chaturthi

Deepa Nair

With Ganesh Chaturthi just a day away, Mumbai’s big pandals have seen a steady flow of sponsorships from big corporates and local advertisers. For the richest pandal in t... »

NDA Govt urged to frame policies helpful to co-operative banks

Our Bureau

The NDA Government should frame policies helpful to the growth of the co-operative sector, especially urban co-operative banks, as these banks cater to the needs of many marginalised sections o... »

IFBI launches certificate programme in insurance

Our Bureau

NIIT Institute of Finance, Banking and Insurance Training Ltd (IFBI) has launched a certificate programme in insurance. The duration of the programme is six months. According to... »

SBH looking to double retail, SME biz in North

K. R. Srivats

State Bank of Hyderabad (SBH) wants to tap the immense growth potential in Northern India and double its retail and SME business in this region over the next 12 months, its Managing Director Santa... »

Complaints over e-banking frauds on the rise

N. Krishnamohan (right), Banking Ombudsman for Andhra & Telangana, and K. R. Das , Regional Director , Reserve Bank, at a press conference in Hyderabad on Wednesday. Photo: PV Sivakumar

G Naga Sridhar

Complaints related to issues in electronic banking transactions are on the rise. ATM, debit and credit card complaints have largest share in the total number of complaints received by th... »

Karnataka Bank eyes ₹83,000-cr biz this fiscal

LN Revathy

Karnataka Bank is targeting a business of ₹83,000 crore this fiscal and over ₹1-lakh crore by March 2016.Speaking to BusinessLine, the bank’s Chief General Manager MS Mahabalesh... »

Bad loan sales to asset reconstruction firms may drop this fiscal, say experts

SC ruling on coal allocation may pile up NPAs

Kingfisher moves Delhi HC against PNB’s defaulter notice

SBI cuts interest on home loan by up to 15 bps

Corporation Bank: 3 shareholder directors elected

Call rates, bond yields rise

IDBI to open 2 lakh savings a/cs

Lending a hand to the urban poor

RBI removes stipulations on Govt securities

Our Bureau

The Reserve Bank of India has decided to remove any stipulations in matter regarding the manner of acquisition of government securities by eligible investors.This is to provide the i... »

‘Jan Dhan will lead to economic welfare of poor’

Our Bureau

The Pradhan Mantri Jan Dhan Yojna will lead to welfare of people from economically weaker sections of society, according to Tavarchand Gehlot, Union Minister for Social Justice and Empowerment. »

Jan Dhan Yojana: Over 11 lakh savings accounts opened in Karnataka

Our Bureau

Over 11 lakh savings accounts have been opened by various banks in Karnataka in the first phase of the Prime Minister's Jan Dhan Yojana (PMJDY), the financial inclusion scheme, as on Thursday... »

Business correspondents to get minimum monthly pay of ₹5,000: IBA

K Ram Kumar

To give the financial inclusion drive under the ‘Pradhanmantri Jan Dhan Yojana’ a fillip, banks will ensure that the foot soldiers (or business correspondents) undertaking the task on their beh... »

Banks to open lakhs of accounts today as Jan Dhan scheme kicks in

G Naga Sridhar

Banks will be launching a mega financial inclusion drive on Thursday as part of the Pradhan Mantri Jan Dhan Yojana and lakhs of accounts are likely to be opened on the day. As part of t... »

RBI eases norms to refinance external commercial borrowings


The Reserve Bank today eased norms to refinance external commercial borrowings (ECB) and allowed banks to approve even those cases where the average maturity period (AMP) of fresh borrowings excee... »

BoB’s farmers' camps in TN get a good response

L N Revathy

The farmers’ camps organised by the Tamil Nadu region of Bank of Baroda to strengthen agricultural advances, have received a positive response, according to the Regional Manager (TN Region) V Muru... »

Africa project development co: Exim Bank hopes to rope in BoB

Yaduvendra Mathur, CMD, Exim Bank

Abhishek Law

Export-Import Bank of India is planning to bring on board Bank of Baroda for setting up its project development company in Africa by the end of this fiscal. The other partners in the comp... »

Sundaram BNP to offer lower rates on home loans for weaker sections

Our Bureau

As part of an initiative to increase home ownership in rural areas, Sundaram BNP Paribas Home Finance is offering home loans to women, scheduled castes and scheduled tribes at a concessional inter... »

India Post to roll out 1,000 ATMs

Our Bureau

The Department of Posts will roll out 1,000 ATMs in the next couple of years as part of its plans to hive off its financial services business into a bank. Currently, the Departme... »

Magma sees higher demand for tractor finance

RBI to step up vigilance on banking sector to prevent frauds

Banks to hold 60,000 camps to open 7.5 cr accounts under Jan-Dhan Yojana

Jaitley hopes to deliver on pension reforms by year-end

‘Longer term insurance products will deliver better value’

Corp Bank inducts 3 directors

Jan Dhan Yojana: ensure no one is left without a bank account, Modi tells bankers


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