Money & Banking

The National Payments Corporation of India (NPCI) has kicked-off field trials of its ‘Aadhaar' (Unique Identification Number – UID) based financial ...

The Union Cabinet on Thursday gave its approval for introduction of a Banking Laws Amendment Bill 2011 in Parliament. This Bill seeks to among other ...

HSBC is keen to ramp up presence in India and is also not averse to go in for a subsidiary bank model in this market, its Chairman, Mr Douglas Flint, ...

Private sector players aspiring for banking licences may have to come up with a credible business plan for financial inclusion if their application is ...

The inter-bank call rate closed at 6.8-6.85 per cent, marginally lower from the previous close of 6.85-6.9 per cent. In the first one-day auction, ...

HSBC will look at bringing more capital into its life insurance joint venture in India as business expands here, Ms Naina Lal Kidwai, Group General ...

State Bank of Travancore has embarked on a business process reengineering drive. After inaugurating its regional office here, SBT's Managing Director, ...

Indian Overseas Bank (IOB) will soon be embarking on an overseas bond issue to meet the increasing offshore fund requirements of domestic corporates, ...

SME Rating Agency of India Ltd (SMERA), has been registered under the Securities and Exchange Board of India (Credit Rating Agencies) Regulations, ...

Private sector lender ICICI Bank on Thursday said it expects over 20 per cent growth in loans in the next fiscal against 18 per cent in 2010-11.

The Government today gave green signal to the Banking Laws Amendment Bill that seeks to align the voting rights in banks in proportion with the equity ...

The rupee weakened on dollar buying by oil firms. The negative trend in the equities market also impacted the rupee, said dealers. On Thursday, the ...

The rupee fell by 6 paise to Rs 45.01 per US dollar in the early trade at the Interbank Foreign Exchange market today, weighed down by a weak opening ...

Standard Chartered sees regulation as the key external threat facing the bank, as it announced a 19 per cent increase in operating profits for 2010.

India has become the largest profit centre for multinational bank Standard Chartered plc, recording a profit before tax of $1.2 billion for 2010, ...

The complainant approached the banking ombudsman for non-return of jewels which were retained by the bank as security even after clearing of all dues ...

Tamilnad Mercantile Bank Ltd has increased the interest rates on domestic term deposits by 25 to 125 basis points for various time buckets with ...

The Reserve Bank of India is planning to introduce two-factor authentication for all ATM-cum-debit card transactions in the next few months. This is ...

State Bank of India will be able to mop up Rs 20,000 crore through a rights issue only early next financial year since Government approvals are not yet in place, according to its chairman.

Microfinance institutions (MFIs) plan to rope in domestic private equity (PE) investors to tide over the funds crunch they are facing at present. “We ...

Corporation Bank has won awards for “Best Financial Inclusion Initiative,” “Best Use of Technology in Training and eLearning Initiatives,” and “Best ...

US-based Berkshire Hathaway, a diversified holding company, on Wednesday announced its plans to enter the Indian insurance sector as a corporate agent ...

Mr Rakesh Sharma has assumed charge of State Bank of India, Hyderabad Circle, as Chief General Manager. Prior to the present assignment, Mr Sharma ...