Banking & Finance Somanathan named next Cabinet secy: Moving from being a deft manager of govt finances to key Cabinet aide Banking & Finance
Reserve Bank says RBL Bank ‘well capitalised’; asks depositors, stakeholders not to react to speculations
After reporting India’s biggest bank loss of Rs 13,420 cr, PNB may post nation’s biggest bank profit in Q2
“UPDATE 4-RBS plans to return surplus cash to shareholders” Royal Bank of Scotland expects a substantial increase in its capital thanks to the sale of businesses over the coming… By ReutersJune 24, 2015 02:45 IST
Britain’s Co-op Bank braces for fine over past problems The Co-operative Bank could be fined by financial regulators next month, the British lender said on Tuesday, in settlement of… By ReutersJune 24, 2015 00:45 IST
SBI streamlines NPA sale process, fixes date to put assets on block In a bid to attract more responses from asset reconstruction companies (ARCs), public sector lender State Bank of India (SBI)… By Shayan GhoshJune 24, 2015 00:24 IST
FOREX-Dollar up on rising yields; euro down on Athens wariness The U.S. dollar rose on Tuesday, underpinned by rising U.S. Treasury yields and prospects for interest rate increases, while the… By ReutersJune 23, 2015 22:43 IST
All I-T refunds to be put directly in bank accounts: CBDT The Income Tax department has put in motion a new plan which will ensure that any refund on tax paid… By PTIJune 23, 2015 17:34 IST
Centre eyes income tax relief for credit, debit card payment: All you want to know in 5 points Narendra Modi-led government has proposed income tax benefits for people making payments through credit or debit cards. By Heena KhandelwalUpdated: June 24, 2015 21:18 IST
Indian rupee down by 9 paise vs US dollar in late morning deals Forex dealers said besides US dollar strengthening against other currencies overseas, fresh demand for the American unit from importers put… By PTIUpdated: June 23, 2015 12:01 IST
Govt plans to give about Rs 57,000 cr to public sector banks for recapitalisation The government intends to provide $9 billion (about Rs 57,000 crore) to public sector banks towards recapitalisation over the next… By PTIJune 23, 2015 10:03 IST
RBI announces rate of interest on floating rate bonds, 2020 The rate of interest on the Floating Rate Bonds, 2020 (FRB, 2020) applicable for the half year June 21, 2015… By ANIJune 23, 2015 07:50 IST
RBI to conduct overnight variable rate reverse repo auction under LAF today The Reserve Bank of India will conduct overnight variable rate reverse repo auction for a notified amount of ? 25,000… By ANIJune 23, 2015 06:50 IST
Banking: Balancing act You can avoid paying heavy interest on credit card outstanding by transferring the balance to another card By Adhil ShettyJune 23, 2015 00:18 IST
How to maximise tax benefit from investments in property As home ownership continues to be one of the key life decisions for most Indians, negotiating the price and ensuring… By Alok AgrawalUpdated: June 23, 2015 11:55 IST
Financial planning tip: No time like present to start investing for better future Longer investment horizons yield better returns. While making the financial plan, it is advisable to invest (and stay invested) for… By Anil RegoUpdated: June 23, 2015 13:25 IST
Income tax: You are liable to a fine of R5,000 for late filing of I-T return You can file the return of income for FY14 at any time before the expiry of one year from… By Suresh SuranaJune 23, 2015 00:15 IST
Farm NPAs may rain on banks’ parade It is still too early to rejoice on the strong monsoon as the key months, July and August, need to… By Aparna IyerJune 23, 2015 00:05 IST
Bankers’ body defers June 24 strike, wants finmin to step in The All India Bank Employees Association (AIBEA) has deferred the June 24 strike after talks with the State Bank of… By FE BureauJune 23, 2015 00:04 IST
United Bank to raise Rs 1,000 cr to support growth plans United Bank of India may raise equity capital up to Rs 1,000 crore via public issue, rights issue or qualified… By FE BureauJune 23, 2015 00:03 IST
‘Markets reacted to RBI hawkish guidance rather than rate cut’ On the back of a rather hawkish guidance from the RBI, B Prasanna, MD&CEO, ICICI Securities Primary Dealership, expects only… By Aparna IyerJune 23, 2015 00:02 IST
Weather Today: Mumbai shuts down schools & offices after 185 mm rain; red alert for Karnataka, Gujarat, Hyderabad too
