Banking Finance News

RBI working on system for exit by businesses facing bankruptcy

Mahapatra said RBI has started working on an enabling system for banks that will help those entrepre...

Bank of Baroda gains, RBI removes bank from caution listRBI relaxes norms for loans against gold ornaments, jewellery
The bank proposes to issue 8.45 crore shares to LIC at a price of Rs 35.50 per share.(Reuters)
United Bank to raise Rs 300 crore by selling shares to LIC soon
Following this, the government's share in the bank will come down to 82 per cent from the existing 8...

Rana Kapoor's Yes Bank quarterly profit up 9.6 pct at Rs 439.5 crore

The private sector Yes Bank had posted net profit of Rs 400.8 crore in the April-June quarter.

Indian rupee rises 12 paise against dollar in early trade

Increased selling of dollars by banks and exporters amid sustained foreign capital inflows also supp...

Indian rupee rebounds from 1-month lows vs USD, up 6 paise at 60.24

Rebounding from one-month lows, the rupee today rose six paise to end at 60.24 against the US dollar...

India rupee ends marginally higher against dollar; importer demand limits gains

The Indian rupee edged higher on the back of dollar sales by custodian banks acting on behalf of for...
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For REITs' success, provide clarity on taxation: Deepak Parekh
Deepak Parekh was replying to queries from HDFC shareholders...
RBI relaxes norms for loans against gold ornaments, jewellery
The Reserve Bank today relaxed the limit of loan that banks can sanction...
Rupee ends little changed
The partially convertible rupee closed at 60.30 per dollar compared with 60.29 on Friday.
Saradha group chit fund scam: Sudipta Sen sent to judicial custody
Police did not seek his further remand for Sudipta Sen, the chairman of the Saradha Group.
Too early to speak of HDFC Bank, HDFC merger, says Deepak Parekh
If HDFC Bank, HDFC merger is win-win, then we will look at it: Deepak Parekh
Rupee up 8 paise against dollar in early trade
The rupee recovered by 8 paise to 60.22 against the dollar...
Cobrapost sting: NABARD chief gives clean chit to co-operative banks
RBI has maintained that no transaction has happened while the sting also does not point to money lau...
Rupee to dollar: RBI intervention keeps pair bracketed
Indian Rupee remained locked in a tight range of 60.17/18 on spot and 60.32/33 levels.
RBI or SEBI should create awareness against ponzi schemes: SBI
RBI...or SEBI should begin a major campaign in line with Jago Grahak Jago, says Pratip Chaudhuri.
Canara Bank Q1 Net marginally up at Rs 806.86 crore
The total income of the city-headquartered bank rose to Rs 11,728.01 crore during the quarter under ...
State Bank of India suggests RBI as single regulator for all home loans
A single regulator having same rules for all players would help remove regulatory arbitrage: SBI
Rupee ends at over 1-month low vs US dollar
The rupee had dipped 10 paise on last Friday and 6 paise on Thursday. On Wednesday, it had closed fl...
ATM heist: India's IT sector in unwelcome spotlight
Global banks were already under pressure to step up oversight of back-office functions.
India rupee ends little changed, fund flows in focus
The Indian rupee ended flat, continuing a pattern of holding in tight ranges, with trading dominated...
Indian rupee logs biggest fall in a week vs US dollar
Indian rupee commenced lower from previous close of 54.77 and immediately touched 55.00.
HDFC Bank Q1 net profit up 21 pct at Rs 2,233 crore; lowest profit growth in over 10 years
HDFC Bank attributed the fall in profit to a 20-basis point dip in net interest margin (NIM)...
Overseas business margins under pressure: SBI
State Bank of India today said it would review returns from its foreign and domestic business.
Financial inclusion project to begin August 15, two bank accounts for households
PM Narendra Modi will unveil NDA's ambitious action plan in two phases on on the Independence Day.
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