The country's largest private-sector banking conglomerate,ICICI Bank,is in for a major top- management shake-up.
Credit growth shrunk to 17.3 pct as on March 27 from 24.01 pct on Jan. 2,RBI data showed.
Technology leader IBM said it has signed a 10-year outsourcing agreement with Nainital-based Kurmanchal Nagar Sahakari Bank to host and manage its IT infrastructure.
Punjab National Bank on Monday said there is little scope for reduction in prime lending rate in the present circumstances.
Bankers also informed the apex bank that it would be difficult to bring down lending rates unless the retail and bulk deposit rates decline.
Mobile commerce company PayMate has partnered UAE-based private bank Mashreq to launch mobile payment services in the country.
A settlement agreement could end a series of investor lawsuits beginning in late 2000.
London bankers' mighty pay has fallen from the highest level to the lowest,with Wall Street financiers grabbing the top spot.
With the migrant workers losing jobs,remittances from NRIs could decline by 20 pct this fiscal.
The levy was introduced in 2005 to track unaccounted money and trace its source.
Asia's banks are likely to step in with loans and boost their presence across the region as the credit crisis has forced big Western rivals to retreat.
The idea was mooted during a meeting of officials of the Central Vigilance Commission,the CBI and other security agencies recently,official sources said.
The Small Industries Development Bank of India (SIDBI) on Tuesday said it is looking at foreign borrowings to the tune of USD 700-900 million for the next fiscal year.
Public sector lender Oriental Bank of Commerce may cut interest rates for deposits of one year by 50 basis points on Tuesday.
Oriental Bank of Commerce said it will reduce its benchmark prime lending rate by 50 basis points to 12 per cent,with effect from April 1.
Punjab National Bank,the country's second largest state-run lender,said there is no further scope for the banks to slash their lending rates.
HMIL in a bid to enhance financing options for its customers,signed a Memorandum of Understanding (MOU) with Bank of India.
Allahabad Bank closed its sale of perpetual bonds earlier than scheduled after collecting extra bids,the bank said on Thursday.
Indian Bank on Tuesday opened a new branch at Gannavaram town about 15 km from Vijayawada.
The Reserve Bank of India will release its annual monetary policy statement for the 2009/10 fiscal year (April/March) on April 21.