Money & Banking

Even as microfinance institutions are seeking withdrawal of the Andhra Pradesh Microfinance (Money-lending) Regulation Act, the State Government has ...

To give a boost to its sagging credit card business, Indian Overseas Bank has tied-up with American Express Banking Corp to offer co-branded credit ...

The State Bank of Travancore (SBT) announced a hike in interest rates for NRE deposits effective March 2 (Wednesday). According to the revision, ...

The country's only listed microfinance institution, SKS Microfinance Ltd, is in the process of securitising Rs 700 crore of its loan portfolio in ...

The Central Government is still weighing the necessity of brining out an exclusive regulation for microfinance institutions (MFIs). “The idea of ...

Most bank treasuries are likely to end the last quarter of the current financial year on a moderately positive note as prices of government ...

Bank of Baroda is among the latest beneficiaries of the Government's bank recapitalisation programme. The Government of India has infused Rs 3,280 ...

A State Bank of India branch in Mangalore has taken to an unconventional and “green” method of engaging with customers. At the SBI's ‘Bunder' branch ...

Lakshmi Vilas Bank has shifted its existing branch in Snehapuri Colony, Nacharam here to a new premises at Ved Arcade in the same locality. “The ...

The Bihar Government was mulling a proposal to enact a legislation on the pattern of Andhra Pradesh to regulate and have effective control over micro ...

The financial inclusion drive initiated by the government will bring in 80 per cent of households into formal banking network in the next five years ...

Following a field visit to two model watershed projects in Nilakottai in Dindigul district, bankers see scope for business in rain-fed areas. They had ...

Punjab National Bank has adopted the Chennam (Pallipuram) village in Alappuzha district under its “PNB Vikas” scheme to provide banking facilities to ...

The State Forum of Bankers Clubs in association with the Bankers Club Greater Kochi conducted a panel discussion on the Union Budget here. Speaking on ...

Kotak Life insurance has launched Kotak Assured Income Plan which would provide a guaranteed annual income to the insured for 20 years. “The Kotak ...

The country’s largest insurer LIC has recorded about 37 per cent growth in its new business premium to Rs 67,135.32 crore during the April-January ...

The rupee depreciated by 15 paise to 45.13 per US dollar in the early trade at the Interbank Foreign Exchange market today, weighed down by the ...

The inter-bank call money market opened on Monday at 6.95-7 per cent against the previous close of 6.8-6.85 per cent. At 9.20 a.m., the rates were ...

The rupee depreciated by 15 paise to 45.13 per US dollar in the early trade at the Interbank Foreign Exchange market today, weighed down by the ...

The Tuticorin-based Tamilnad Mercantile Bank (TMB) has signed an MoU with Birla Sun Life Mutual Fund (BSLMF) to market its mutual fund products ...

The returns being offered by the liquid schemes of mutual funds appear to be too juicy an opportunity for banks to ignore. In the January 1 to ...

Imagine a bank locker room doubling up as a make-up room. The Bareilly branch of the State Bank of India (SBI) has just done that to keep their women ...

The Reserve Bank of India is slated to announce its mid-quarterly review of the monetary policy on March 17. Concerned over worsening political ...

The banking sector is facing new challenges with the emergence of different segments of customers with different demands, according to Mr M.