SEARCH
Jayant Sinha
Jayant Sinha

Govt plans to cut stake in PSBs to raise Rs 89,120 crore

Reuters

The Indian government plans to raise about Rs 89,120 crore ($14.4 billion) by reducing its stake... »

Corp Bank offers unlimited transactions at ATMs

Our Bureau

Corporation Bank has decided to offer unlimited number of free transactions in the bank’s ATMs f... »

Coal block cancellation: PSBs may lose over Rs 96,000 cr

Reuters

An Indian Supreme Court order scrapping most coal extraction permits given to companies would ha... »

PNB MetLife H1 net rises 34% at Rs 122 cr

PTI

PNB MetLife Insurance today reported a 34 per cent rise in net profit at Rs 122 crore for the fi... »

Payment bank may not boost telcos’ topline: Crisil report

Our Bureau

While telecom operators seem to be well placed to enter the payments bank business both opera... »

Markets

SEBI slaps ₹1-cr fine on 6 merchant bankers for disclosure lapses in CARE IPO

PTI

In a major clampdown for “suppression of material facts” in IPO documents, SEBI today penalised... »

Banking

RBI issues final norms for small, payment banks

Our Bureau

The Reserve Bank of India on Thursday issued final guidelines for payments and small banks that... »

Banking

Payment banks can accept deposits up to ₹1 lakh/customer

Our Bureau

Paving the way to bring in cash — kept in steel boxes at home in rural areas, inside the shoes o... »

Banking

Call on listing only after insurance Bill is passed, says Bajaj Allianz Life CEO

K. R. Srivats

Bajaj Allianz Life Insurance will take a call on listing of its shares in bourses only after the... »

Banking

MSME online loan facility

Our Bureau

P Jayarama Bhat, Managing Director of Karnataka Bank Ltd, launched an online facility for loan a... »

Banking

India’s forex reserves down $672.4 mn

Our Bureau

India’s foreign exchange (forex) reserves fell $672.4 million in the week ended November 21 to $... »

PNB MetLife posts ₹122-cr profit

Our Bureau

PNB MetLife India Insurance has reported a net profit of ₹122 crore for the first half of 2014-15 (April-September) against ₹91 crore in the year ago period. Renewal prem... »

Corp Bank’s free ATM transactions

Our Bureau

Corporation Bank has decided to offer unlimited number of free transactions in the bank’s ATMs for its savings bank customers. A press release said here on Thursday that according... »

India’s forex reserves down $672.4 mn

Our Bureau

India’s foreign exchange (forex) reserves fell $672.4 million in the week ended November 21 to $314.87 billion. Foreign currency assets, which form a bulk of the total reserves, fell $664... »

SEBI slaps ₹1-cr fine on 6 merchant bankers for disclosure lapses in CARE IPO

PTI

In a major clampdown for “suppression of material facts” in IPO documents, SEBI today penalised merchant banking arms of SBI, ICICI, Kotak Mahindra, IDBI, DSP Merrill Lynch, and Edelweiss groups f... »

Small banks can lend to small businesses

Our Bureau

The country’s financial inclusion mission got a step further with the Reserve Bank of India releasing its final guidelines on small banks on Thursday.With no restriction in the area... »

RBI issues final norms for small, payment banks

Our Bureau

The Reserve Bank of India on Thursday issued final guidelines for payments and small banks that aim to take banking services to more people and small businesses. The RBI aims to push fin... »

A dampener for telecom companies with 100% FDI

Rajesh Kurup

The final guidelines on payment banks could be a dampener for telecom companies such as Vodafone India and Uninor as they have 100 per cent foreign direct investments in their Indian operat... »

Payment banks can accept deposits up to ₹1 lakh/customer

Our Bureau

Paving the way to bring in cash — kept in steel boxes at home in rural areas, inside the shoes of a migrant labourer in a mega city and other such ingenious storage spaces – into the formal bankin... »

Jan Dhan target revised upwards to 10 crore accounts

Villagers at the SBI office in Medak open accounts under the ‘Pradhan Mantri Jan Dhan Yojana. (File picture) -- Nagara Gopal

K.R. Srivats

Finance Minister Arun Jaitley has revised upwards the target for opening of Jan Dhan accounts to 10 crore accounts by January 26 next year. The earlier target was pegged at 7.5 crore acc... »

SBI loan to Adani group figures in Rajya Sabha

Derek O’Brien

PTI

State Bank of India sanctioning $1 billion loan to Adani group’s coal project in Australia was today raised in Rajya Sabha by Derek O’Brien (TMC), who said it smacks of crony capitalism. ... »

Accurate, timely data essential to check credit worthiness: Credit Information Bureau

Nippon Life to hike stake in Reliance Capital to 49%

Exim Bank to help States draw up export policies

Tech Mahindra launches new tech platform for auto insurers

Indian markets pricing in rate cut, despite wary central bank

Exim Bank taps Samurai bond market to raise Rs 1,000 cr

John Tharakan is South Indian Bank additional director

Canara Bank partners Micro Energy

Forex reserves down $672.4 million

EconomyForex reserves down $672.4 millionIndia’s foreign exchange reserves fell $672.4 million in the week ended November 21 to $314.87 billion. Foreign currency assets, which... »

MSME online loan facility

Our Bureau

P Jayarama Bhat, Managing Director of Karnataka Bank Ltd, launched an online facility for loan application on the bank’s MSME (micro, small and medium enterprises) portal here on Thursday. A press... »

PNB MetLife posts Rs 122 cr profit in H1

Our Bureau

PNB MetLife India Insurance has reported a net profit of Rs 122 crore for HY 2014-15 (April-September) against Rs 91 crore in the year ago period. The renewal premiums for the private lif... »

Call on listing only after insurance Bill is passed, says Bajaj Allianz Life CEO

K. R. Srivats

Bajaj Allianz Life Insurance will take a call on listing of its shares in bourses only after the proposed insurance law is passed in Parliament, its Managing Director and CEO Anuj Agarwal has said... »

Third party motor cover: IRDA reduces provisioning for insurers

Our Bureau

The Insurance Regulatory and Development Authority (IRDA) has marginally reduced the provisioning that general insurers have to make for third party motor insurance.In a circular, I... »

Banks allowed to lend against infra, housing bonds issued by them

Our Bureau

To provide liquidity to retail investors investing in long-term bonds issued by banks for financing infrastructure and affordable housing, the Reserve Bank of India on Thursday said banks c... »

Retailers eye more revenue channel in payment bank

Bindu D Menon/Priyanka Pani

Several key retailers are expected to apply for payment bank licence as it will help them migrate their existing pre-paid customer base, add more consumers and reduce costs.Retailers li... »

Mumbai to host women bank employees’ meet

Our Bureau

The Seventh All-India Convention of Women Bank Employees is scheduled to be held in Mumbai between December 19 and 21. The Maharashtra State Bank Employees’ Federation is gearing up... »

RBI eases rules for low-cost home loans

Our Bureau

To provide liquidity to retail investors investing in long-term bonds issued by banks for financing infrastructure and affordable housing, the Reserve Bank of India said banks can extend loans to... »

Move to outsource investment functions of insurance, pension funds opposed

Deepa Nair

The insurance and pension regulators have opposed the proposal by the Association of Mutual Funds in India (AMFI) to allow mutual funds to manage insurance and pension funds. In June... »

Credit score: CIBIL eyes phone, power bills data

FinMin may rework strategy to facilitate easier education loans

PNB announces free ATM usage for customers

Public sector banks face tough sell on capital raising plan

RBI warns against novel bond structure

Nippon Life to hike stake in Reliance Capital to 49%

Corp Bank opens branch

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.

DATA BANK

Exchange Rate

Dollar Spot Forward Rate

Open-Ended Mutual Funds

MCX-SX Currency Futures

NSE Currency Futures


Investing.com Forex Charts powered by Investing.com.

Comments to: web.businessline@thehindu.co.in. Copyright © 2014, The Hindu Business Line.