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Payment of $700 million to Iran won’t impact currency market, says RBI Within weeks of paying a similar amount, India will pay a second tranche of $700 million shortly to Iran to… By FE BureauOctober 9, 2015 00:11 IST
ICICI Bank launches ‘mVisa’ mobile payment service Private sector lender ICICI Bank on Thursday announced the launch of a service enabling customers to make electronic payments from… By FE BureauOctober 9, 2015 00:10 IST
Home buyers can now get more loan for property up to Rs 30 lakh: RBI Banks can now provide home loans up to 90 per cent for properties that cost Rs 30 lakh or below,… By PTIUpdated: October 8, 2015 20:35 IST
Deutsche Bank expects $7 billion loss for 3rd quarter Germany’s biggest bank, Deutsche Bank, has announced it expects to report a third-quarter net loss of 6.2 billion euros ($7… By Associated PressOctober 8, 2015 13:12 IST
Indian rupee closes 11 paise lower at 65.06 against US dollar The Indian rupee fell by 11 paise to end at 65.06 against the US dollar today on fresh demand for… By PTIUpdated: October 8, 2015 19:05 IST
Corporation Bank further cuts lending rate by 0.05% Corporation Bank has now revised the base rate from 9.90 per cent to 9.65 per cent with effect from October… By PTIOctober 8, 2015 09:17 IST
Post RBI rate cut: To protect margins, banks choose not to favour new customers Since banks are required to cut rates for existing customers in the same proportion as the cut in base rate,… By Sandeep SinghOctober 8, 2015 07:15 IST
RBI buys over one-year forward $ to limit swap outflow impact in 2016 The Reserve Bank of India (RBI), perhaps for the first time in many years, has booked dollar/rupee forwards exceeding one-year… By Aparna IyerOctober 8, 2015 00:19 IST
‘At 2.94%, our gross NPAs are below some of the best in industry’ With around R85,000-crore loan portfolio and a profit of Rs 726 crore in FY15, India’s Exim Bank has taken an… By Shayan GhoshOctober 8, 2015 00:16 IST
Profitability prospects of banks not bright: Report Profitability prospects of the banking sector do not look bright owing to decline in lending rates and weak assets quality,… By PTIOctober 7, 2015 20:02 IST
Indian rupee firms up by 14 paise to 65.27 against dollar in late morning deals Indian rupee firmed up by 14 paise to quote at 65.27 against the US currency in late morning deals on… By PTIUpdated: October 7, 2015 11:25 IST
Bank of Japan keeps policy steady, focus on Kuroda’s presser The Bank of Japan kept monetary policy steady on Wednesday, preferring to save its limited options while hoping that a… By ReutersOctober 7, 2015 09:56 IST
For home loan arrangers, it’s a rate war though not all-out It may be a competitive market out there but bankers aren’t about to drop home loan rates to levels where… By Shayan GhoshOctober 7, 2015 00:48 IST
Credit-deposit ratio near 4-year low Banks lent only Rs 74.85 out of every Rs 100 of deposits they garnered in September By FE BureauOctober 7, 2015 00:15 IST
Firms raise Rs 2.42 lakh cr in Apr-Sept via private placement of corp bonds This is a 67% rise year-on-year By Bhavik NairOctober 7, 2015 00:14 IST
Long-tenure corp bond yields fall 29 bps after repo rate cut The corporate bond market is catching up with banks in terms of transmission of rate cuts, even as long-tenure yields… By Bhavik NairOctober 7, 2015 00:12 IST
RBI notifies hike in FPI limits for G-Secs The Reserve Bank of India notified on Tuesday that foreign portfolio investors (FPI) will be able to hold up to… By FE BureauOctober 7, 2015 00:11 IST
RBI diktat: IOB sets up ‘war room’ to address NPAs Indian Overseas Bank (IOB) has set up what it calls a ‘war room’ to address the issues plaguing the bank,… By FE BureauUpdated: October 7, 2015 01:53 IST
‘Trump said very clearly’: White House Dy Chief of Staff accuses India of ‘financing Russia’s war’ during Fox News interview
