Money & Banking

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 ...

Tuticorin-based TamilNad Mercantile Bank has hiked its interest rates on domestic term deposits between 25 and 125 basis points for various tenures ...

UK-based HSBC on Wednesday said regulatory sanctions being faced by the bank in the US is “embarrassing” and would have a bearing on its image. “Not ...

The Reserve Bank plans to upgrade its high-value online fund transfer system RTGS to enable handling of up to 50 lakh transactions a day and ...

India is the emerging Asian market for Luxembourg-based Clearstream Banking, a euro-denominated fund trader. Clearstream would be marketing ...

State Bank of India has said that it is planning to retain the retail over-subscription to its tax-saving bonds issue, which will take the total ...

Global banking major Standard Chartered on Wednesday reported a 19 per cent growth in profit before tax at $6.12 billion in 2010, with India and Hong ...

The country’s largest lender State Bank of India’s keenly awaited Rs 20,000-crore rights issue will only come early next financial year for want of ...

The Microfinance Institutions Network (MFIN), a body that represents 46 RBI-registered NBFC-micro finance institutions, on Tuesday announced that its ...

Taking cue from bigger banks and the new generation players, City Union Bank has started to offer its customers the option of opening term deposits ...

Corporation Bank has increased the rate of interest on NRE term deposits with effect from March 1, according to a bank release here. The revised ...

The Finance Minister has proposed to levy service tax on the investment component of the traditional life insurance policies similar to ULIPs and this ...

Banks are confident of meeting the increased target for lending to the agriculture sector, as announced in Budget 2011-12. The extension of the ...

The Sri Lankan Central Bank blamed the January-February floods for the marginal increase in inflation in February. Food prices have shot up in the ...