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November 28, 2015 1:37 am

The bank which made the announcement in an internal e-mail to employees will move around 70 employees working in the division to the retail banking business.

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November 20, 2015 1:18 am

The RBI would undertake a due diligence on the applicant to assess his “fit and proper” status to acquire the stake, it said.

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November 19, 2015 1:47 am

ICEGATE is the customs electronic repository of bills of entry, shipping bills and other import-export documents.

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November 14, 2015 1:11 am

According to reports, the company’s problems began during the financial crisis in 2008 owing to cancellation of large orders.

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November 12, 2015 12:23 pm

“Further, subject to regulatory approvals, Sameer Gehlaut, chairman of the company, will be investing in his personal capacity up to 10% stake in OakNorth Bank at the same valuation,” said Indiabulls Housing Finance.

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November 7, 2015 1:23 am

The bank’s provisions for problem loans in the July-September quarter more than doubled to Rs 1,890 crore, which included 25 per cent of a credit account worth Rs 374 crore that was declared as fraud by the bank.

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November 6, 2015 2:06 am

As Hong Kong laws prohibit banks from sharing info, probe by agencies is unlikely to yield results.

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November 2, 2015 12:23 am

Foreign investors pumped in `6,649 cr in Indian equities along with `15,700 cr in domestic debt.

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November 2, 2015 7:13 am

Despite the modest jump, it marks the reversal of an adverse trend: FM

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November 1, 2015 3:11 am

HFCs regulated by the National Housing Bank can lend below prime lending rates, whereas banks regulated by RBI cannot lend below the base rate.

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October 24, 2015 12:39 am

At present, alert is generated only for forex remittances worth over $1 lakh

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October 15, 2015 8:43 pm

"So yes, there is a potential problem of perhaps giving people too much more than they can handle which then leads to a debt cycle which can be problematic," said Rajan.

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October 16, 2015 8:55 am

"I think that this Supreme Court ruling today on Aadhar will be quite helpful in making it possible for us to use Aadhar in banking services," said Rajan.

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October 14, 2015 4:58 am

The bank said it is undertaking a “comprehensive review to identify deficiencies in the structure, processes and systems” in order to prevent recurrence of such an incident.

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September 29, 2015 12:12 pm

P Chidambaram said more policy steps by RBI were possible if the government stayed firmly on path of fiscal consolidation.

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September 27, 2015 12:00 am

Under control inflation and optimism levels about recovery not rebounding could be major factors.

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September 19, 2015 1:28 am

US Fed call does not change RBI’s monetary policy machinations, says RBI chief Raghuram Rajan

August 30, 2015 4:49 pm

Under the new law, a three-month compliance window has been given for disclosure of all undeclared foreign assets till next month.

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August 29, 2015 1:35 am

However, the financial market segments which are currently open for transactions on Saturdays will continue to remain open on all working Saturdays, the RBI said.

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August 10, 2015 4:32 am

Insurance companies claim the seizures are unjustified and that officers of the Directorate General of Central Excise Intelligence (DGCEI) treated employees “inhumanly” and “harassed them” during search operations.

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August 9, 2015 3:34 am

No differences between central bank, government on monetary policy committee, says SS Mundra

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August 4, 2015 9:40 am

At its last policy review in June, the RBI had projected rising food prices could send consumer inflation to the top end of its 2 to 6 percent target range by January.

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August 2, 2015 1:49 am

As per IRDA norms, general insurers need to park 5% of their reinsurance business with GIC Re.

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July 31, 2015 3:56 am

The scheme would, however, be available only for low-cost housing and subscribers whose monthly salary is less than Rs 15,000. These workers constitute about 70 per cent of the EPFO’s five crore subscribers.

July 25, 2015 3:56 am

The draft also did away with the earlier suggestion to give the RBI Governor veto power over the MPC members under exceptional circumstances.

July 25, 2015 3:45 am

CARE says instruments with D rating are in default or are expected to be in default soon.

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July 24, 2015 3:51 am

There are around 400 members who handle 20 per cent of the Rs 84,000 crore premium generated by the Indian general insurance industry.

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July 24, 2015 11:58 am

Proposes a monetary policy committee headed by RBI ‘chairperson’ to decide on rates by majority vote.

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July 8, 2015 3:48 pm

The 10-year bonds were raised at a coupon of 9.15 per cent and saw subscription from investors.

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July 3, 2015 3:48 am

By contrast the AIIB has been fast. The Bank, to be headquartered in Beijing, is expected to be operational by next year.

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June 29, 2015 8:33 am

Guernsey is a tax haven that lies within the common travel area of British Isles and part of the European community for the purposes of free trade in goods.

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June 27, 2015 12:35 am

If the proposal is implemented, FIIs could get more headroom for purchases.

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June 15, 2015 1:30 pm

Anshu Jain, whotook over as co-CEO of Deutsche Bank on June 1, 2012, will receive no severance pay nor the remaining salary of about 7 million euros per year because he initiated his own departure.

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June 12, 2015 5:21 pm

As regards the transmission of rate cuts by the Reserve Bank, Jaitley said the banks gave detailed presentation on how each one of them reduced their lending rates.

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June 9, 2015 12:30 pm

The cuts are the latest in a series of heavy staff reductions and will leave HSBC with around 208,000 full-time equivalent staff

June 2, 2015 6:23 pm

The nation's largest lender State Bank of India on Tuesday reduced its base rate by 15 basis points after the RBI cut repo rate by 25 basis points.