Banking & Finance - Banking News and Financial News

StanChart to hire 3,000 by next year

Global banking behemoth Standard Chartered plans to hire 3,000 employees in India.

Banking reforms dominate G-20 talks

Differences over exiting economic stimuli, reforming banking system and fighting climate change are threatening to derail efforts of Pranab Mukherjee and his G-20 counterparts.

G20 should consider bank tax urgently: UK

A tax on financial transactions should be considered with urgency, British PM said.

AIG posts $455 mn profits

Continuing in the black for the second straight quarter, American International has posted profits to the tune of USD 455 million for three months ended September quarter.

SBI slashes deposit rates by 0.25-0.5%

SBI reduced interest rates on various maturities of deposits by 0.25-0.5% effective from Mon.

PNB extends festival bonanza by another two month

PNB announced extension of its festival offer on housing and car loans up to December 2009.

US Fed still keeps key rates in zero zone

The US central bank has retained near-zero rate regime to boost the country’s fragile recovery and said cheap credit would continue for an 'extended period'.

Top central banks yet to move for exit

Some top central banks have shown little inclination have offered the first signs of changing tack.

IDBI FPO in Jan, to raise $500 million

State-owned IDBI Bank said it would come out with a follow-on public offer in January next year.

RBS posts operating loss of £1.53 bn

The Royal Bank of Scotland, in which the UK government holds majority stake, has posted an operating loss of 1.53 billion pounds for the September quarter, as the battered entity continued to see higher impairment charges.

PSBs outperform private banks in Q2

The public sector banks are giving a tough competition to their private peers, if the second quarter performance of the banks in the current fiscal is anything to go by.

Banks likely to retain home loan rates

Though the Reserve Bank of India has announced exit from its year-long accommodative monetary policy, major public and private sector banks seem to be inclined towards continuing their cheaper home loan schemes for some more time.

No plans to change home loan rates: SBI

State Bank of India said it did not have any immediate plans to revise its home loan rates.

Investors hail RBI’s gold purchase move

Investment community and markets have welcomed Reserve Bank of India decision to purchase 200 tonne of gold, which is valued at Rs 31,490 crore from the International Monetary Fund, under its limited gold sales programme.

PFRDA, SBI bills likely in winter session

The government is planning to table four financial sector bills in Winter session.

RBI fixes reference rate for US dollar and Euro

RBI fixed the reference rate for the US currency at Rs 47.13 per dollar and the single European unit at Rs 69.41 per euro.

RBI wants NCD issues not below 90 days

The Reserve Bank of India on Tuesday came up with draft guidelines for the issuance of non-convertible debentures of maturity less than one year.

RBI buys 200 t gold from IMF

The International Monetary Fund has sold 200 tonne gold to the Reserve Bank of India for $6.7 billion, quietly executing half of a long-planned bullion sale that has threatened to slow gold’s ascent.

Lloyds, RBS to sell their assets

Bailed out British banking majors Lloyds Banking Group and the Royal Bank of Scotland have agreed to sell part of their businesses.

Federal Bank profit up by 30.16%

Kerala-based Federal Bank Ltd has recorded a 30.16 per cent increase in net profit.

RBI buys 200 MT gold from IMF

The Reserve Bank of India (RBI) has bought 200 metric tonnes of gold from the IMF.

Latest News

Print Edition

Events