Money & Banking

Uncertainty over regulatory control, between AP Govt and RBI, and NPAs do not augur well

Mr Shambashiva Reddy will be the new Chairman of Dharwad-based Karnataka Vikas Grameena Bank (KVG-Bank), a regional rural bank sponsored by Syndicate ...

HDFC Bank operationalised its branch at Saravanampatti near here this morning. With this launch, the bank now operates a network of nine branches in ...

Mr K. Venkataraman, Managing Director and CEO, SBI Global Factors, is to take over the reins of Karur Vysya Bank with effect from June 1. He will ...

The rupee rose by 6 paise to close on Monday at 44.72/73 against the US currency on fresh selling of dollars by banks and corporates, in view of a ...

The Reserve Bank has invited applications for the post of director of the National Institute of Bank Management (NIBM). NIBM was established in 1969 ...

State-run Power Finance Corporation is exploring opportunities for a formal entry into banking services. “We are exploring opportunities to get into ...

In line with the annual credit policy announcement last week, the Reserve Bank of India has unveiled the guidelines for the Marginal Standing Facility ...

The inter-bank call money market opened on Monday at 7.35-7.4 per cent against the previous close of 7.25-7.3 per cent. At 10.30 a.m., the rates were ...

The rupee firmed up by 15 paise to 44.63 against the US dollar in the early trade today due to fresh selling of dollar by banks and corporates in view ...

The rupee strengthened by 13 paise to Rs 44.65 against the US dollar in the early trade at the Interbank Foreign Exchange market today, helped by ...

The Reserve Bank of India has lowered economic growth projections to 8 per cent for the current fiscal. And inflation has been projected to come down ...

Dr Anil Khandelwal, a former CMD of Bank of Baroda, on what prompted him to write ‘Dare to Lead' and how and why he took certain decisions

Say you took a 20-year, Rs 30-lakh, 9.5 per cent per annum home loan two years ago, and have paid off Rs 6.7 lakhs at Rs 28,000 a month. If you now ...

The Maharashtra-based Sheeba Kuries Ltd, engaged in chit business, has started its operations in Kerala by setting up its first branch at Edappally in ...

State Bank of Travancore (SBT) has launched its Gold Saving Scheme in Kozhikode. The scheme, available in select branches of the bank, is for the ...

Corporation Bank opened a microfinance branch with an onsite ATM at Kothapet in Hyderabad on Saturday. A bank release said here on Saturday that the ...

To tap the high-growth potential in the small-and-medium-enterprises (SME) sector, public lender UCO Bank plans to open 37 SME hubs pan-India in FY 12 ...

Bank account holders’ cheer after the RBI hiked the rates on saving accounts could be short-lived, as the banks are likely to make them pay for a slew ...

State Bank of Travancore (SBT) on Saturday raised lending rates by 50 basis points which will make auto, home and other loans from the lender costlier ...

Lakshmi Vilas Bank has revised its interest rates for term deposits that will be effective from May 9. The existing interest rates for 15-29 and 30-45 ...

The Insurance Regulatory and Development Authority (IRDA) has invited applications from firms/organisations to act as insurance repositories. In its ...

SKS Microfinance Ltd has posted a net loss of Rs 70 crore in the fourth quarter ended March 31, 2011, as per the un-audited financial results ...

Higher provisions towards pension liabilities and non-performing assets have impacted Union Bank of India's net profit, which was flat for the fourth quarter as well as for the just ended fiscal. For the quarter ended March 31, 2011, the bank recorded a net profit of Rs 598 crore (Rs 594 crore),