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banking news News

Loan recast proposals inch to Rs 4lakh cr mark

The RBI has also made it clear that the existing “regulatory forbearance” would no longer be available from April 1, 2015.

Industrial output data begins countdown to RBI monetary policy review

Factory data will be followed by more important December inflation data on January 13.

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Industry loan growth continues to be weak,grows at just 13.7%

Non-food credit sharply drops to 14.7% y-o-y against rise of 17.6% in 2012

Indian banks assets under stress rise,may get worse : Reserve Bank of India

With stressed assets expected to get worse,Reserve Bank of India cautions risks have spiked.

Axis Bank gets govt nod for hiking foreign investment from 49 pc to 62 pc

The approval would result in foreign investment of about Rs 7,250 crore in the country,says CCEA.

5 ways US Federal Reserve's influence expanded in 100 yrs

US Federal Reserve wields enormous power over people,economies worldwide.

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American Express to pay $75.7 mn for overbilling

The customer remediation will go to more than 335,000 customers.

RBI cautions users of Bitcoins,other virtual currency about potential risks

Bitcoins came under scrutiny as they were used extensively on Silkroad for illegal drugs.

International Finance Corporation plans to launch $1-1.5-bn Asia Fund

Fund will mobilise additional capital for co-investment in emerging markets in Asia-Pacific region.

Lanco gets nod to recast over Rs 7,000 crore debt

The CDR plan is only for Lanco Infratech and excludes the group firms.

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