banking finance News

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...

Insurers reluctant to take up Essar Steel's $6-bn export dealAt World Economic Forum, Indian business leaders cautiously optimistic
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...
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ATM heist: India's IT sector in unwelcome spotlight
Global banks were already under pressure to step up oversight of back-office functions.
IDBI Bank plans 2 lakh savings accounts under Pradhan Mantri Jan Dhan Yojana
IDBI Bank plans to open more than 2 lakh basic savings accounts under the Pradhan Mantri Jan Dhan Yo...
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.
Indian rupee ends lower after Fed’s Yellen speech
The rupee fell on Monday, retreating from a three-week high hit last week, as the dollar gained afte...
Overseas business margins under pressure: SBI
State Bank of India today said it would review returns from its foreign and domestic business.
Payment gateways seek clarity on RBI directive on global online transactions
The Reserve Bank of India’s (RBI) directive on foreign settlement of online transactions using credi...
ABN AMRO to cut 400 jobs as profit plunges 17 per cent
The bank announced reorganisation in the commercial and merchant banking divisions.
ICICI Bank plans to raise Rs 2,000 cr via infra bonds
ICICI Bank is hitting the bond market again to raise R2,000 crore through 10-year infrastructure bon...
Vikram Pandit to take stake in Nimesh Kampani's JM Financial, take charge of banking foray
Vikram Pandit and his business partner, Hari Aiyer to buy a 3% equity stake in JM Financial.
RBI to redefine deposits as ponzi scams mount
Reserve Bank is working with the government on redefining as to what constitutes a deposit.
Oriental Bank of Commerce cuts fixed deposit rates by up to 1%
Fixed deposit rate for maturities ranging from 31-45 days has come down to 6 per cent.
Rupee recovers after initial losses against dollar
Indian rupee recovered after initial losses against the American currency and was quoted at 60.46 pe...
Beyond the reach of banks, Indians targeted by outlaw fund scams
Saradha ran one of the thousands of unlicensed financial schemes in India.
Under greater scrutiny, banks’ stressed asset sales to ARCs rise sharply
Reserve Bank of India has said that banks sold stressed assets worth Rs 16,960 crore in 2013-14.
Indian rupee edges up a paisa to end at 54.77 vs US dollar
Indian rupee today closed just paise higher at 54.77 against US dollar on better local equities.
Time for RBI to cut interest rate, says Anand Mahindra
Mahindra said the Indian economy has reached a tipping point and GDP is expected to grow at 5.6 per ...
Indian rupee, US dollar edges up tracking Asians, shares in focus
US dollar held firm near a 10-month high against a basket of major currencies.
LIC to invest Rs 50,000 cr in equity market this fiscal: S K Roy
LIC picked up stocks worth Rs 51,000 crore last fiscal and investments were made across sectors.
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