SEARCH

IRDA mulls no fee for change in nomination

PTI

Observing policyholders’ right to effect changes in nomination, sectoral regulator IRDA is propo... »

We are the lowest cost pension providers in the world today, says PFRDA Chairman

G. BALACHANDAR,S. VARADHARAJAN

The passage of the Pension Fund Regulatory and Development Authority (PFRDA) Act, 2013, in Se... »

Edelweiss Financial Q3 net profit jumps 43%

Our Bureau

Edelweiss Financial Services has reported a 43 per cent increase in its third quarter net profit... »

Swiss banks lose sheen among Indians as veil of secrecy lifts

PTI

With the Swiss Government showing eagerness to help India trace suspected black money hoarders,... »
ANALYSIS

Why banks haven’t followed RBI to cut rates

Waiting for a cue Only two banks have so far cut rates; others seem to be waiting for SBI to show the way.

Radhika Merwin, BL Research Bureau

Muted credit growth, financial stress weigh on PSU banks; await cue from SBI »

Banking

SBI, Ezetap launch `Chota ATMs’ in Kerala

Our Bureau

State Bank of India and Ezetap, the mobile point-of-sale service provider, has announced the ava... »

National

Karnataka Bank, TVS Motors tie up

Our Bureau

Karnataka Bank has signed a memorandum of understanding (MoU) with TVS Motor Company for... »

Banking

SBI and European Investment Bank sign loan agreement for € 100 m

Our Bureau

State Bank of India and European Investment Bank recently signed a loan agreement for € 100 mill... »

City Union Bank Q3 net up 15% at Rs 102.70 cr

Our Bureau

City Union Bank has reported a 15 per cent jump in net profit for the third quarter of the current year as compared with the corresponding quarter of the previous year.For the quarter ended... »

Karnataka Bank, TVS Motors tie up

Our Bureau

Karnataka Bank has signed a memorandum of understanding (MoU) with TVS Motor Company for financing the purchase of passenger auto-rickshaws manufactured by the latter. A press re... »

SBI and European Investment Bank sign loan agreement for € 100 m

Our Bureau

State Bank of India and European Investment Bank recently signed a loan agreement for € 100 million to be utilised for on-lending to private businesses in India. The loan will be utilised... »

RBS to move jobs to India

PTI

Britain’s largest state-owned bank Royal Bank of Scotland (RBS) is to cut some 160 jobs in the UK and offshore around 60 of them to India. RBS has been cutting back its retail operations... »

Reliance Cap gets shareholders’ nod for stake sale to Sumitomo Mitsui

Reliance Capital Chief Executive Sam Ghosh (file photo)

PTI

Reliance Capital has received shareholders’ approval for its initial stake sale of 2.77 per cent worth Rs 371 crore in the company to Japanese financial major Sumitomo Mitsui Trust Bank. ... »

Antwerp Diamond Bank closure

Our Bureau

The Antwerp Diamond Bank officers union has decided to observe a three-day strike from January 28 to protest the closure of the foreign bank’s only office in India in Mumbai. The ADB branch at Mum... »

YES Bank to hire 1,500-2,000 people to push retail business; eyes MF foray

Beena Parmar

Private sector lender YES Bank is planning to hire between 1,500 and 2,000 people in the next one year in sync with its retail expansion plans and also plans to enter the mutual fund busine... »

Insurance ordinance still uncertain: Ergo’s Kleiner

ANDREAS KLEINER,
Member, Board of Management, ERGO International AG

Deepa Nair

German insurer Ergo, an arms of the world’s largest re-insurer Munich Re, is a leading player in the Indian insurance market through its joint venture (JV) with HDFC. It also has a JV with... »

Yes Bank leads race for Deutsche's Indian fund arm

Reuters

Indian lender Yes Bank is the main suitor in the race for Deutsche Asset Management (India) Pvt. Ltd's mutual fund business in India, two sources who are directly involved in the process said, alt... »

Govt eyes joint Parliamentary session if insurance reforms delayed: Jaitley

Arun Jaitley

PTI

Finance Minister Arun Jaitley today said the government will go for a joint session of Parliament in case there is a delay beyond six months in getting Parliamentary approval for the ordinance tha... »

ING Vysya Q3 net drops 13% on higher provisioning

Innovation is key to meeting the needs of HNIs, says Tata AIG CEO

IBA-union standoff over wage pact could end soon

L&T Finance Holdings Q3 net up 66%

Corporation Bank’s tier-1 bonds

Centre not for 5-day week for banks

Large advances have been muted due to infra bottlenecks, says SBBJ MD

₹33,000-cr seen flowing into Jan Dhan accounts

City Union Bank Q3 net profit up 15%

PTI

City Union Bank today reported an over 15 per cent increase in its net profit at Rs 102.70 crore for the quarter ended December 31, 2014.The bank’s net profit stood at Rs 89.09 crore in the... »

RBI eases norms for revamping ECBs

Our Bureau

The Reserve Bank of India (RBI) has simplified the existing procedure for rescheduling/restructuring of external commercial borrowings (ECBs). It also delegated more powers to banks to deal with ca... »

SBI, Ezetap launch `Chota ATMs’ in Kerala

Our Bureau

State Bank of India and Ezetap, the mobile point-of-sale service provider, has announced the availability of Chota ATM in Kerala. Chota ATM enables kirana store owners, taxi drivers, smal... »

RBI working on comprehensive consumer protection norms for NBFC sector

KR Srivats

The Reserve Bank of India is working on comprehensive consumer protection norms for the non-banking finance sector, its Executive Director NS Vishwanathan, has said. The central bank will... »

Vijaya Bank opens 13 lakh accounts under Jan Dhan scheme

Our Bureau

Vijaya Bank has opened 13 lakh accounts under the PMJDY (Pradhan Mantri Jan Dhan Yojna), according to Kishore Sansi, Managing Director and Chief Executive Officer of the bank. Addressing... »

Currency relaxation for travellers

Our Bureau

To mitigate the hardship of individuals visiting from India to Nepal or Bhutan, the RBI said an individual can carry Indian currency notes of denominations above ₹100 (₹500 and/ or... »

Foreign bank DBS may become local subsidiary

Beena Parmar

Foreign lender DBS Bank has commenced the process with the Reserve Bank of India to become a wholly-owned subsidiary (WOS) in India. A source confirmed that the process is underway. ... »

Godrej to install automated anytime safe deposit vault

Our Bureau

In what will make anytime access to the safe deposit vaults possible, Godrej Security Solutions Ltd will soon install its first Autovault in the country. The company has tied-up with ITOKI Japan t... »

State Bank of Mysore net up 13% in Dec quarter

Our Bureau

State Bank of Mysore has registered a 13 per cent rise in net profit for the December quarter on higher net interest income.  SBM reported a net profit of Rs 96.16 crore for the quar... »

Vijaya Bank cuts term deposit rates

Our Bureau

Vijaya Bank has cut its term deposit interest rates for different maturity periods. The reduction ranges from 0.1 per cent to 0.25 per cent and will come into effect from Friday (January 23), the... »

TMB expanding footprint pan-India

Restructured loans: banks want RBI to extend special classification deadline

Curbs on Amanath Co-op Bank

Call rate dips a tad, bond yields flat

Fred Weick is India head of Daimler Financial Services

Tata AIA, Citibank team up to sell customised insurance products

RBI for regulating payment instructions in bourses

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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