Government on Monday sought parliamentary approval to cut its stake in top lender State Bank of India to 51 percent from 55 percent, seeking to raise $1.2 billion at

The American economy might be reviving but the count of bank collapses are rising by the day, with 26 entities biting the dust so far in 2010.

The country's banking

The government would make a capital infusion of over Rs 1,000 crore in three public sector banks including UCO Bank and Central Bank of India this month.

Central Bank of

Bank of India has tied up with Reliance Mutual Fund to distribute and market the latter's products through its branches.

Brace yourself to pay higher interest rates on your home and auto loans. The days of cheap loans are ending

In a clear signal of a rising interest rate regime, country's largest private sector lender, ICICI Bank, today said it has hiked its autoloan rates by up to 0.5

In a clear signal of a rising interest rate regime, country's largest private sector lender, ICICI Bank, today said it has hiked itsauto loan rates by up to 0.5 per cent and withdrawn its 8.25 per cent special home-loan scheme.

IDBI Bank has launched portfolio investment scheme (PIS), a product that would enable Non- Resident Indians (NRIs) or Person of Indian Origin (PIOs) to invest in the country's secondary capital