During 2007-08, 47,887 complaints were received by 15 Banking Ombudsman offices as against 38,638 complaints received during 2006-07.
On Wednesday, the Reserve Bank of India said the non-performing asset ratio of new private sector banks increased significantly during…
The assets of the banking sector continued to grow at a faster rate than the real economy, resulting in an…
The IDBI Bank is all set to sell its housing finance arm, IDBI Home Finance by January. Also, the bank…
Kolkata-based Uco Bank is looking at lowering prime lending rates by 100 basis points, according to the bank’s chairman and…
The country?s largest lender, State Bank of India, is planning to raise Rs 18, 000 crore over a period of…
On Tuesday, Indian bond yields plunged to a four-year low of 5.99%, lowest since September 2004, as there were wide…
Indicating a lending rate cut soon, Chennai-based Indian Bank reduced deposit rates on Tuesday across various maturities by up to…
Debt placements seem to be the flavour of the month as yet another tranche of debt got placed for Reliance…
On account of uncertain financial market conditions coupled with a meltdown in the equity market, tight liquidity in the debt…
Kolkata-based United Bank of India is planning to set up a special cell for the restructuring of micro, small &…
The country?s foreign exchange reserves declined $1.8 billion to $245.9 billion in the week ended December 5, the Reserve Bank…
Union Bank of India chairman and managing director MV Nair has said that he does not foresee the much anticipated…
The housing finance regulator, National Housing Bank, is in talks with at least two life insurance companies to extend the…
Hongkong & Shanghai Banking Corp on Thursday said it will reduce its headcount in India by 193.
GIC Re, country?s official reinsurer which administers Terrorism Pool, set up by the domestic general insurers has released Rs 25…
The Reserve Bank of India on Thursday announced Rs 9,000 crore of refinance facility to Exim Bank and the housing…
The Reserve Bank of India reiterated its policy for banks that they should cover unhedged foreign exchange exposure of all…
