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SBI unions ready for merger of associate banks

The forthcoming 25th Triennial General Council meeting of the All India State Bank Officers’ Federation (AISBOF) is expected to pass a resolution supporting the merger of the five associate b... »

Spanish bank seeks €19-b fund support

Spain’s fourth largest bank Bankia, which lost billions of euros through its exposure to the collapsed property market, has asked the government for a financial support of €19 billion to avert ban... »

Study finds health insurance awareness among Indian families

ICICI Lombard, the country’s largest private sector general insurance company, has said in a report that around 15 per cent of Indian families has reported hospitalisation of a member “at least on... »

Effect of EU crisis on rupee

The rupee has moved lower at a breathtaking pace, depreciating 16 per cent since this February. Though it is domestic factors, including the current account deficit and slowdown in portfolio... »

SBI chief in Thiruvananthapuram

Mr Pratip Chaudhiri, chairman, State Bank Group, is visiting Thiruvananthapuram on Saturday. He will attend the annual general meeting of State Bank of Travancore (SBT), an associa... »

SBI to launch ‘signature' card for high net worth individuals

SBI Card is planning to launch a signature card early next week as it is bullish on the credit card market. The new card will be targeted at high net-worth individuals (HNIs) and the very... »

KVB Q4 net up 27%; to pay 140%

Mr K. Venkataraman Despite the economic slowdown and a marginal rise in its NPA (non-performing asset) level, Karur Vysya Bank managed to grow its top line in 2011-12. The bank's total income in the fourth... »

Kerala MFIs seek exclusion from Moneylenders’ Act

Microfinance institutions in Kerala have sought exemption from the provisions of the Money Lenders Act. The Kerala Association of MFIs (Kamfi) made the request to the state minister for r... »

RBI will do whatever needed to check rupee fall: Subbarao

The RBI Governor, Dr D. Subbarao. Amid a steep decline in the value of the rupee, the Reserve Bank said on Thursday that it is monitoring the situation and will do whatever is necessary to check the currency's fall. “RBI... »

Futures and options: Open position limits of banks lowered

Stock market regulator SEBI has modified the gross open positions of banks across all futures and options contracts to the lower of 15 per cent of total open interest or $100 million. Thi... »

HDFC gets RBI nod to raise FII limit to 100%

The Reserve Bank of India has notified that HDFC's board has passed resolutions to increase the FII investment limit from 74 per cent to 100 per cent. The increase in Foreign Institutiona... »

Rupee plunges to all-time low of 56.38 Vs dollar

Continuing its slide against the US dollar for the seventh day in a row, the rupee hit a new record low of 56.38 in late morning trade today. A firm demand for the American currency from... »

Can amnesty scheme for overseas stash save the rupee?

Currency outlook: Rupee spins out of control

Reforms not put on the backburner: Bansal

IndusInd Bank appoints new addl director

Re plunges to fresh low of 55.70 Vs dollar

Business correspondents' pay likely to be raised

Rupee fall a major concern, says Pranab

Muthoot Finance's new branch

Rupee tumbles to a life time low

Varun Industries referred to debt restructuring cell

The US sanctions on Iran and fluctuation of various currencies against the dollar has had a cascade effect on an Indian exporter of stainless steel products. Varun Industries Ltd (VIL), a... »

Kerala promises help to MFIs

Brainstorming session: The Minister for Rural Development, Mr K.C. Joseph, inaugurating the workshop on ’Achieving inclusive growth: Role of MFIs’ in Thiruvananthapuram on Friday. – Photo: S. Mahinsha The Minister for Rural Development, Mr K.C. Joseph, inaugurated the one-day workshop on ‘Achieving inclusive growth – Role of MFIs' on Friday. In the inaugural address, he promised all h... »

Union Bank customer service plan

Union Bank of India has rolled out its value-added customer service – Union Experience – in two branches in Ernakulam district. The new service was inaugurated at Thevara and Palar... »

Lehman set to buy balance 26.5% stake in Archstone

Financial services firm Lehman Brothers Holdings is set to take full control of property firm Archstone by buying 26.5 per cent stake in it for $1.58 billion from Bank of America (BofA) and Barcla... »

PM meets RBI Governor, key advisors on rupee issue

Amid concerns over the steep fall in rupee adversely impacting the fisc, the Prime Minister, Dr Manmohan Singh, on Friday discussed remedial actions with his key economic advisors and the RBI Gove... »

Rupee closes at 55.38

dollar 7 days The rupee gathered momentum, after a weak start in the morning, to close at 55.38 per dollar. The rupee opened at 56.02, about 38 paise lower than Thursday’s close. It touched a low of 5... »

Pricing ‘has to move up' in the Indian insurance market

Mr Tapan Singhel, new Managing Director and CEO, Bajaj Allianz General Insurance. In a career spanning two decades across both public and private sector general insurance companies, Mr Tapan Singhel, the new Managing Director and CEO of Bajaj Allianz General Insurance, has seen... »

Magma HDI gets IRDA nod for insurance biz

The Insurance Regulatory and Development Authority has issued certificate of registration to Magma HDI General Insurance Company Ltd. It was promoted by Magma Fincorp Ltd., Celica Develop... »

Syndicate Bank to hire 1,000 clerks

Syndicate Bank is recruiting 1,000 probationary clerks. Candidates who have a valid score in the common written examination for clerical cadre conducted by IBPS in November/December 2011 and fulf... »

Rupee slide is ‘bit of a bubble': Basu

With rupee breaching 56 level against the dollar, the Chief Economic Advisor, Dr Kaushik Basu, today said the exchange rate problem is “bit of a bubble” and has nothing to do with domestic policie... »

Higher value home loans in demand as property prices rise

Vijaya Bank in money transfer pact with Western Union

‘Relax new bank branch norms in hilly areas'

Bank unions forum wants 9th bipartite issues to be resolved

IRDA finds ‘massive problems' in SKS Micro's insurance operations

Restructured loans push up NPAs of public sector banks

First-year premium of life insurers down 2.5% in April

Cauvery Kalpatharu Grameena Bank's business rises 19%

Five ideas to retire in your forties

Want to hang up your boots when you still have the energy and zest for life? Put your twenties to good use with these tips for a comfortable retirement.Ramping up your lifestyle too early in your working life will rob you of savings and may even leave you with a lot of high-cost loans to service. »
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