banking amp finance News

Banks on an overdrive to enroll new customers under Narendra Modi's Jan Dhan Yojana

A family displays the pass-books and Rupay cards of their bank account opened under the Pradhan Mantri Jan Dhan Yojana in Mumbai on Thursday. (PTI)

ICICI Bank, India’s largest private sector bank, opened 1 lakh basic savings bank deposit accounts o...

Excited to meet Japan PM Shinzo Abe, Narendra Modi tweets in JapaneseNarendra Modi tweets in Japanese ahead of Japan visit
Loans to industries stay anaemic
Growth in loans to industries continued to be anaemic in July and rose at just 10.1% year-on-year to...

Indian rupee down 5 paise vs $ to 60.50 on dollar demand; logs weekly rise

The rupee commenced better at 60.40 a dollar from last close of 60.45 at the Interbank Foreign Excha...

Police arrest 4 over $39 mn fraud involving Bank of India, PNB, State Bank, others

Police have arrested 4 people alleged to have siphoned off money from accounts in multiple banks...

A year on from record low, optimism abounds about Indian rupee

Thursday marks the one-year anniversary since the Indian rupee hit record low of 68.85.

Indian rupee recovers 7 paise against US dollar in early trade

The Indian rupee recovered by 7 paise to trade at 60.38 against the US dollar in early trade...
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Indian rupee seen opening lower vs US dollar tracking Asian pairs
Indian rupee is expected to open slightly lower against the US dollar versus its previous close of 6...
Requesting govt to infuse funds to increase exposure: N Shankar, ECGC Chairman
ECGC Ltd, formerly Export Credit Guarantee Corporation, has an arduous job at hand in providing expo...
Exim Bank seeks Rs 2,500-crore infusion to fund export projects
Exim Bank has sought additional capital from the Centre and urged Reserve Bank of India (RBI) to enh...
Life insurance cos await Irda nod on infra bonds
Bonds issued by public sector entities like PFC & REC are given infra status by Irda as the proceeds...
Conducting forensic audit of 4 accounts, says UCO Bank
Ernst & Young has been appointed for the audit, a bank official told FE. He declined to give details...
RBI simplifies ECB norms
The Reserve Bank of India (RBI) on Wednesday simplified external commercial borrowing (ECB) norms.
The Raghuram Rajan and Narendra Modi show
A year ago, the rupee seemed to be hurtling towards 70 to the dollar — on August 28, 2013, it hit it...
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.
Indian rupee softens by 2 paise Vs US dollar to end at 60.45 in dull trade
The Indian rupee today edged two paise lower and ended at 60.45, near its four-week high levels, aga...
Will Indian rupee continue to throw alpha? Yes, if FIIs willing to chase Indian equity bull market
India rupee touched a 4-week high at 60.38 levels on spot, as FIIs poured billions...
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 is into overbought zone
Indian rupee opened weak at 60.48 and then made an intraday low of 60.51...
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.
Sundaram BNP Paribas offer special interest rate of 9.60% on home loans
Interest rate would be fixed for 7 years and converted to floating rate of interest thereafter.
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
Sri Lanka rupee firmer on exporter dollar sales
Sri Lankan rupee was a tad firmer today as exporter dollar sales outpaced importer demand...
ATM heist: India's IT sector in unwelcome spotlight
Global banks were already under pressure to step up oversight of back-office functions.
Mother Dairy, SBI join hands to launch smartcard
Mother Dairy in collaboration with SBI today launched a smart-card.
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