- Dec21By PTI
The amount of bad loans written off or restructured by the PSU banks has more than doubled in the last three years ending March 2014 to Rs 42,447 crore.
- Dec18By Reuters
The Swiss National Bank said on Thursday it would impose negative interest rates on cash held by other banks at the central bank, seeking to discourage safe-haven buying by investors
State Bank of India has approved the one-time settlement (OTS) scheme for its borrowers from the beleaguered mining industry in Goa.
This is expected to pave way for other financial
- Dec02By Jharna Mazumdar
Given the combination of persistent weak demand and sustained moderation in inflation, industry was hoping interest rate reduction, but the Reserve Bank of India decided to hold key lending rates at current levels, despite a rising chorus for a rate cut.
The Reserve Bank of India (RBI) on Thursday issued the final guidelines for licensing of small finance banks and payment banks to expand financial inclusion. While the norms encourage
Close on the heels of acquiring ING Vysya Bank, private lender Kotak Mahindra Bank on Thursday announced the setting up of a non-life insurance company. The bank said that
Banks have collected over Rs 6 000 crore by opening 7. 9 crore accounts under the Pradhan Mantri Jan Dhan Yojana said a senior Finance Ministry official
- Nov20By PTI
Ahead of the monetary policy review, SBI Chairperson Arundhati Bhattacharya today said RBI may leave interest rate unchanged in the next review but could soften its stance by end of
- Nov13By PTI
RBI will invite applications for setting up of small and payment banks -- aimed to cater to small businesses and low income households -- by the end of this month
Regulators fined six major banks a total of $4. 3 billion for failing to stop traders from trying to manipulate the foreign exchange market following a yearlong global investigation