New RBI guidelines might bring in a much-needed banking approach that finally focuses on serving rural India.
PNB’s total income increased to Rs 12,825.13 crore during the first quarter ended June 30
It will be an interesting externality to watch out for.
An OSD will be in-charge of setting up the office of the debt management agency.
There is no change in the tenor of the loans which should not exceed 12 months from the date of sanction.
The Indian rupee ended flat, continuing a pattern of holding in tight ranges, with trading dominated by dollar…
The total income of HDFC Bank rose to Rs 13,070.65 crore during the quarter under review
The rupee had lost 10 paise to end at one-month closing low of 60.28 against the American currency on Friday.
The government is also keen that the banking sector should add 7,000 branches and 20,000 ATMs as part of the plan.
The top 10 loan defaulters owe Rs 18,000 crore to the banks, as per the figures collated by the RBI but released by bank unions.
He said the capital would be raised by the banks without diluting public sector characteristics in them.
The funds mobilised by the banks will be invested only in government securities.
Discussions are still on for exiting the SDS, said an official.
Clubs affordable housing with infrastructure sector; eases CRR, SLR rules.
The finance ministry plans to raise funds through the exchange traded funds for central public sector enterprises.
RBI may only entertain crop loan rescheduling, unlikely to agree to gold loan adjustment.
State Bank of India said new fixed deposits interest rate would be effective from July 18.
Foreign investors, till now, were only allowed to invest in equity shares and compulsorily and mandatorily convertible preference shares.
The maiden Budget of the Narendra Modi government hiked foreign direct investment limit in insurance and defence sectors to 49 per cent from 26 per cent.
Government would look into the issue of providing greater autonomy to the boards of banks: Arun Jaitley
Earlier, the rupee resumed higher at 59.63 per dollar at the Interbank Foreign Exchange market.
The Indian rupee resumed higher at 59.93 per dollar as against the last closing level of 60.01.
ICICI Bank has acquired entities like Bank of Madura, Sangli Bank and Bank of Rajasthan.
Government also keen on digital stores as it will cut down on cost and time spent in bank branches
According to Padmanabhan, companies responded by using at least three different ways to try and skirt the regulation.
Asks states to pay banks in cash; waivers may turn non-starter
The Indian rupee strengthened by 13 paise to 59.60 against the dollar in early trade.
The Union Budget next week is expected to announce the long-pending minimum monthly pension.
The Indian rupee edged higher by 16 paise to over two-week high of 59.53 against the US dollar…
The bank pays for every transaction a customer makes at another bank’s ATM.
“Is it possible that the regulator can treat a little bit of our gold deposits as CRR or SLR? After all, gold is also a store of value, said Arundhati Bhattacharya, Chairman, SBI.
Almost all Asian currencies stronger against the US dollar.
Yesterday, the rupee strengthened by seven paise to close at 60.13 against the US currency.
Switzerland is preparing a list of Indians suspected to have untaxed money in Swiss banks.
Under the Section, the Centre has to nominate one director who has been a CA for not less than 15 years.
FPIs will be able to hedge the currency risk arising out of the market value of their exposure to Indian debt and equity securities.