banking finance News

Some PSUs not allowing GIC to compete for A/Cs on fair terms

India's only reinsurance player GIC Re has asked state-owned large companies to adopt fair and level-playing business practices while seeking reinsurance covers. (Thinkstock)

The company has managed to bag reinsurance accounts of only a few large domestic companies like ONGC...

ONGC to begin oil production from KG block in 2019ONGC invested Rs 81,890 crore for raising output
Surya Kumar Roy said that LIC has 12.7 lakh policyholders in the flood-ravaged state, making it the largest player. (Reuters)
Jammu and Kashmir floods to have 'minimal' impact on LIC, says its chairman
Surya Kumar Roy said that LIC has 12.7 lakh policyholders in the flood-ravaged state, making it the ...

Now, UCO Bank wields wilful default stick on Vijay Mallya's Kingfisher Airlines

UCO Bank has an exposure of Rs 400 crore to the debt-ridden Kingfisher Airlines.

RBI cancels licence of Ajmer Urban Cooperative Bank

The Reserve Bank has cancelled the licence of Ajmer Urban Cooperative Bank...

Court issues production warrant against Syndicate Bank CMD S K Jain

A special court today issued production warrants against Syndicate Bank...

Rupee to weaken towards 61.10 levels again

Indian rupee opened firm at 60.77 and then made a intraday high of 60.73...
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Indian rupee trades lower against US dollar on foreign fund buying
Indian rupee was trading at 60.7500/7550 against US dollar vs Thursday's close of 60.83/84.
RBI guidelines pay off, CDR cell gets just 1 referral in Aug
Only one case was referred to the CDR cell for restructuring in August.
Indian rupee up 10 paise against US dollar in early trade
Extending its rising streak for the the fourth straight day, the rupee strengthened by 10 paise...
Amid Xi Jinping’s visit, Indian and Chinese banks on deal-signing spree
State Bank of India (SBI), signed a framework agreement for a line of credit (LoC) of $1.8 billion t...
RBI needs to raise policy rates to bring down inflation: IMF
The wholesale price-based inflation dropped to 5-year low of 3.74 per cent in August, while the reta...
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.
Column: Will the rupee break out of the range?
What needs to be seen is whether the intervention strategy of RBI will be asymmetric.
Crisil launches India’s 1st inflation-linked G-Sec index
The rating agency said CRISIL IIGS Index will be a benchmark index for mutual funds that have launch...
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...
India calls for EM currency swaps
India called for its fellow emerging economies to actively explore currency swap agreements among th...
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.
SBI lords over India’s mobile-banking space
Country’s largest public sector bank said it hopes to build on mobile-banking users by increasing it...
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
Indian rupee gains for 3rd day, rises 8 paise vs US dollar to end at 60.84
Rebounding from one-month lows, the Indian rupee today ended eight paise higher at 60.84 against the...
ATM heist: India's IT sector in unwelcome spotlight
Global banks were already under pressure to step up oversight of back-office functions.
India's largest investor LIC takes bullish view of Narendra Modi's India
After months of caution, domestic investors are now also growing more confident.
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.
SBI grabs 50% share of mobile banking pie
SBI has over 1.15 crore registered mobile banking users
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