- Apr16By PTI
Bank account penetration in India increased from 35 per cent to 53 per cent between 2011 and 2014, but the country also suffers from high dormancy rates, says a World
- Apr14By PTI
ICICI Bank today slashed home loan rate for both existing as well as new borrowers by 0. 25 per cent joining a rate cut war initiated by its bigger rivals
- Apr12By PTI
Matching its competitor HDFC Ltd, State Bank of India today announced a cut in home loan interest rate by up to 0.25% for new borrowers
- Apr10By Reuters
Banking sector will undergo major changes over the next few years while the derivatives market will also become more vibrant, Reserve Bank of India Governor Raghuram Rajan said on Friday.
- Apr08By PTI
The Reserve Bank today said it has instructed banks to restructure loans of farmers whose crops have been damaged by the recent unseasonal rains and hailstorms.
"We have given instruction
Prime minister Narendra Modi will launch the Mudra Bank (micro units development and refinance agency) with a corpus of Rs 20,000 crore on Wednesday.
The bank, which will focus on
Country's third-largest private sector lender Axis Bank today cut its base rate or the minimum rate of lending by 0. 20 per cent to 9
- Apr07By PTI
Severely critical of banks not passing interest rate cut to borrowers, RBI governor Raghuram Rajan today said it was "nonsense" to assume that cost of funds has not fallen and
In a bid to boost infrastructure investment, the Reserve Bank today allowed banks to invest in long-term infrastructure bonds issued by other banks.
In July 2014, RBI had allowed banks
- Apr01By PTI
The merger deal between Kotak Mahindra Bank and ING Vysya Bank has received the Reserve Bank's approval, which would create the country's fourth largest private sector lender.
"The scheme of