bank holiday, saturday bank holiday, saturday bank closed, bank closed, national Banks, All India Bank Employees' Association, AIBEA, C H Venkatachalam, india news, news
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.

arun jaitley, insurance fraud, tax fraud, service tax, finance ministry, Insurance companies, Directorate General of Central Excise Intelligence, Bajaj Allianz, HDFC Ergo, ICICI Lombard, Reliance General, banking news, finance news, india news
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.

ss-mundra
August 9, 2015 3:34 am

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

india, india economic policy, indian economists, Raghuram Rajan, RBI, commerce ministry, manmohan singh, jairam ramesh, india news
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.

Public sector insurance companies, IRDA, GIC Re, Pradhan Mantri Suraksha Bima Yojana, Insurance news, business news, finance news, latest news, india news
August 2, 2015 1:49 am

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

home loans, pf, provident fund, home loans provident fund, EPFO, home loan guidelines, home loan interest, home loan EMI, EMI home loan, Home loan EMI from PF, Banking news, Tax news, Home loan news, finance news, india news, latest news
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.

Arvind-Subramanian-m
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.

irda, Insurance Regulatory and Development Authority, irda chairman, management norms, india news, business news
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.

RBI, monetary policy, RBI monetary policy, Reserve Bank of India, RBI interest rates, RBI governor, RBI governor power, financial sector, finance ministry, Indian Financial Code, business news, economy news
July 24, 2015 11:58 am

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

yes bank news, yes bank, yes bank debt, yes bank money, udf, yes bank udf, business news
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.

aiib, world bank, imf, Asian Infrastructure Investment Bank, bretton wood, investment, india banking, india bank, business news
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.

RBI, RBI norms, Indian debt market, FPI investment limits, Sebi, UTI International, business news, finance news, news
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.

RBI, monetary policy, RBI monetary policy, Reserve Bank of India, RBI interest rates, RBI governor, RBI governor power, financial sector, finance ministry, Indian Financial Code, business news, economy news
June 27, 2015 12:35 am

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

column, sunday column, express column, Deutsche Bank, Anshu Jain, Teutonic neuroses, Bloomberg, Tendulkar, DT buses, BCCI, ICC, Indian Express
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.

Arun Jaitley, Rajya Sabha members, Rajya Sabha members election, RS members election, Madhusudan Mistry, privilege motion, india news, nation news
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.

HSBC, HSBC layoffs, HSBC jobs, HSBC job cuts, HSBC vacancies, HSBC openings, HSBC staff cuts, HSBC news, HSBC investment bank, Hong Kong stock exchange, HSBC payroll
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

SBI-s
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.

SBI-s
May 23, 2015 2:58 am

The bank’s asset quality improved in the period under study as net non-performing assets (NPAs) declined to 2.12 per cent of net advances.

RBI cuts repo rate, rbi rate cut, rbi repo rate cut, repo rate cut, raghuram rajan, inflation, indian economy
May 20, 2015 11:38 am

Rajan made a strong case for the IMF to analyse each new unconventional monetary policy, including sustained unidirectional exchange rate intervention.

bank of china, bank of china mumbai, mumbai bank of china, devendra fadnavis, bank of china maharashtra, bank of china in india, business news
May 17, 2015 12:00 am

The chief minister reiterated that Maharashtra was keen on partnership with China on developing infrastructure.

Raise in FDI cap will help insurance firms to get much needed capital from overseas partners. (Reuters)
May 10, 2015 3:37 am

The new Insurance Act allows entry of branch operations of foreign reinsurance giants and 49 % foreign equity in place. As a result, global reinsurers who were so far operating through their service companies will be setting up their full-fledged India operations soon

May 8, 2015 3:02 am

It will end the right of the Indian partners to nominate a director on the bank board under the articles of association of the bank , court said.

IBA-thumb
April 26, 2015 1:07 am

Centre had decided to infuse R6,990 cr in 9 PSBs out of current year’s budget

April 25, 2015 2:58 am

Rajan said it is a very complicated issue that should neither be taken lightly nor should an easy and rushed explanation be offered to the tragic incidents of suicides.

April 22, 2015 2:50 am

The RBI is planning to allow business correspondents of one bank to offer payment services to other lenders for better efficiency and optimisation.

India, india us tax treaty, tax evasion, Foreign Account Tax Compliance Act, FATCA, income Tax
April 20, 2015 6:35 pm

At the Interbank Foreign Exchange (Forex) market, the domestic currency commenced weak at 62.54 a dollar from last close of 62.36.

(Source: PTI photo)
April 19, 2015 2:13 am

He stated that he is looking into matter to find solutions.

vhishing scam, Dentist, KYC protocol, Bank fraud, Doctor cheated, Mumbai news
April 19, 2015 2:06 am

These have been prosecutable offence with rigorous imprisonment up to 10 years.

Raghuram-Rajan
April 17, 2015 11:42 am

Stressing that “big bang unthinking reforms” will only lead to problems later on, the Reserve Bank of India (RBI) Governor Raghuram Rajan said the central bank is instead keen on implementing “steady regular reforms at a measured pace”, including ensuring over time a fully convertible rupee and thereby a completely open capital account. In Washington […]

April 16, 2015 1:57 am

The IMF and the World Bank have forecast that India’s growth rate would be fastest in the world.

April 16, 2015 1:55 am

The government has also asked banks and insurers to develop a common infotech module by June.

banking sector, RBI, Raghuram Rajan, finance banks, National Institute of Bank Management, business news, economy news, express business
April 11, 2015 2:23 am

The apex bank has received 72 applications for small finance bank.

HDFC, HDFC loan, loan rate, loan EMI, busines news, economy news, express business
April 13, 2015 6:38 am

HDFC has also revised downwards its deposit rates across various maturities.

india, india economic policy, indian economists, Raghuram Rajan, RBI, commerce ministry, manmohan singh, jairam ramesh, india news
April 10, 2015 2:24 pm

Rajan hinted that RBI might issue licenses for setting up of payment banks, small finance banks and a postal bank.

RBI, monetary policy, RBI monetary policy, Reserve Bank of India, RBI interest rates, RBI governor, RBI governor power, financial sector, finance ministry, Indian Financial Code, business news, economy news
April 8, 2015 3:12 am

According to a DBS Bank official, benefits of easier monetary policy have yet to reach the real economy.