Hasmukh Adhia, Financial Services Secretary, and SS Mundra, RBI Deputy
Governor, at a meeting with bankers on Tuesday in Mumbai. SHASHI ASHIWAL
Hasmukh Adhia, Financial Services Secretary, and SS Mundra, RBI Deputy Governor, at a meeting with bankers on Tuesday in Mumbai. SHASHI ASHIWAL

Centre to get 85 stalled infra projects moving

Our Bureau

Top public sector bankers, industrialists, and mandarins of the Finance Ministry and Reserve Ban... »

RBI has cut rates twice, but 70 banks yet to oblige: Sinha

Minister of State for Finance Jayant Sinha

Press Trust of India

As many as 70 banks, including 23 public sector lenders, have not passed on the benefits from RB... »

Holidays declared by States are excessive: Indian Banks’ Association

Vinson Kurian

May ask Centre to rationalise holidays under the Negotiable Instruments Act »

SBM cuts base rate; net up 49% in FY15

Our Bureau

State Bank of Mysore (SBM) announced a downward revision in its base rate from 10.25 per cent to... »

Bank of India to raise $750 million through bonds


State-run Bank of India today opened its bond issue to raise $ 750 million (about Rs 4,750 crore... »

Max Life Insurance to get into online sales of ULIPs


After tasting some success in online sales of term plans, private insurer Max Life Insurance has now decided to sell ULIPs via electronic mode. "We are starting off with a couple of... »

Green drive: RBI to soon issue ‘tree certificates’

G Naga Sridhar

Presenting a bouquet of flowers at Reserve Bank of India meetings and functions could soon be passé. Instead, guests or participants will get ‘tree certificates’, as proof of trees havin... »

Xpress Money aims to maintain 15-20% growth this year


Dubai—based global money transfer company Xpress Money today said it is looking at a 15—20 per cent growth in its India business this year.“We have consistently been growing at 15—20 per ce... »

Muthoot Group ties up with Wiki Tech for US-India payment corridor

V. Sajeev Kumar

The Muthoot Group has announced a partnership with Wiki Technologies Inc of the US to open a US-India payment corridor by leveraging the power of the WikiPay platform. Under the partnersh... »

YES Bank opens first overseas office in Abu Dhabi

Beena Parmar

YES Bank, India’s fifth largest private sector bank, on Monday announced its international foray by opening its first overseas representative office in Abu Dhabi, UAE. The bank has opened... »

Andhra Bank Q4 net doubles to ₹185 cr

CVR Rajendran, CMD, Andhra Bank

G Naga Sridhar

Andhra Bank’s net profit more-than-doubled to ₹185 crore in the fourth quarter ended March 31, 2015, compared with ₹88 crore in the corresponding quarter in the previous year. »
Sounding Board

Which bank do they trust?

Radhika Merwin

B Nandakumar, a project leader in a software company based in Chennai, prefers to keep his money in a public sector bank. “I have had good experiences with my bank all these years, and I am very c... »

FIIs hike stake in HDFC to record high of nearly 80%

HDFC Chairman Deepak Parekh (file photo)


Emerging as one of the most-liked stocks by foreign funds, mortgage giant HDFC Ltd has seen overseas investors raise their stake in it to a record high of nearly 80 per cent during the quarter end... »

Lakshmi Vilas Bank to offer special 9% rate on 900 days deposit

Our Bureau

Lakshmi Vilas Bank is planning to offer a special rate of 9 per cent on 900 days term deposit. The offer is expected to be effected from April 27. The rate is 0.20 per cent higher than th... »

‘Third gender’ in bank forms

Our Bureau

The Reserve Bank of India has directed banks to include ‘third gender’ in all forms/applications prescribed by the central bank or the banks themselves, wherein any gender classification i... »

HSBC considers moving global headquarters out of UK

BoI pact with insurance Cos for Govt. social security schemes

Andhra Bank ‘poised to go national’

RBI revises priority sector lending norms, adds more categories

Focus will be both on retail, corporate loans: Sukthankar

HDFC cuts home loan rates for women

AP SBI chief C R Sasikumar promoted as Deputy MD

YES Bank to seek hike in FII/ FPI limit to 74% from 49%

Corp Bank, New India Assurance tie up

Our Bureau

Corporation Bank and New India Assurance Co have signed a memorandum of understanding for implementing the ‘Pradhan Mantri Suraksha Bima Yojana’. Under the scheme, the Aadhaar-linked sav... »

MS Sreedhar takes over as MD of Royal Sundaram

Our Bureau

Royal Sundaram Alliance Insurance Company has promoted its Chief Operating Officer MS Sreedhar, to the post of Managing Director, according to a press release from the company. The Insurance Re... »

Swiss Re partners BIMTECH for developing talent pool

Our Bureau

Swiss Re Bangalore, a subsidiary of Swiss Reinsurance Company, Zurich, has signed a memorandum of understanding with Birla Institute of Management Technology (BIMTECH) to collaborate as a technica... »

ICICI Bank’s profit growth weighed down by bad loan provisioning

Chanda Kochhar, MD and CEO, ICICI Bank

Beena Parmar

Higher provisioning towards bad loans weighed on ICICI Bank’s profitability in the January-March 2015 quarter. The country’s largest private sector lender posted a 10 per cent in... »

Kotak Mahindra Bank to open branch at GIFT City

The road leading to Gujarat International Finance Tec-City (GIFT City) in Ahmedabad. File Photo


Kotak Mahindra Bank, country’s fourth largest private sector lender, today said it plans to open a branch at the international finance centre (IFC) at the GIFT City in Gujarat. “We’ve dec... »

IRDAI for proper grievance handling

Complaints and grievances from policyholders are not being handled by insurers properly, the Insurance Regulatory and Development Authority of India said. In a circular sent to all... »

YES Bank opens international office at Abu Dhabi


In its first international foray the private sector lender YES Bank today launched a representative office in UAE.Located in Abu Dhabi, the bank will provide services for investment needs o... »

Insurers are mishandling policyholder complaints: IRDA

G Naga Sridhar

The complaints and grievances from the policyholders are not being handled by the insurers properly, the Insurance Regulatory and Development Authority of India has said. In a circular s... »

New India, Star Union, BoI tie up

Insurance partnership VR Iyer, CMD, Bank of India, flanked by Girish Kulkarni (left), MD and CEO, Star Union Dai-ichi Life Insurance, and G Srinivasan, CMD, New India Assurance Co, at a press conference in Mumbai. SHASHI ASHIWAL

Our Bureau

Bank of India has partnered with insurance companies New India Assurance Co and Star Union Dai-ichi Life Insurance to roll out the government’s social security insurance schemes.“The New India Ass... »

Bank of India to cut lending rate by 10-25 bps

Our Bureau

Credit pick up to happen in next 6 months: CMD »

BoI to dilute stake in Star Union Dai-ichi Life Insurance

Poor rains could double agri bad loans, impact banks: India Ratings

New AGMs at Karnataka Bank

State Bank of Mysore Q4 net up 27% on higher income

HDFC Bank outpacing the industry by a wide margin

UCO Bank cuts base rate by 25 bps

HDFC Bank net rises 21% in Q4 on healthy loan, income growth

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.


Exchange Rate

Dollar Spot Forward Rate

Open-Ended Mutual Funds

MCX-SX Currency Futures

NSE Currency Futures Forex Charts powered by

Comments to: Copyright © 2015, The Hindu Business Line.