Banking & Finance

ICICI Bank to sell its Russian subsidiary

Russia’s Sovcombank is expected to buy the stake in IBEL, which is a non-material wholly-owned banking subsidiary of ICICI Bank

Despite dip, Indian rupee first among equals

Drops 4% in 6 months, but posts YTD gains of 0.24% against losses for most peers; rouble declines 38%

State Bank of India cuts deposit rates by 0.25 per cent

State Bank of India (SBI) cut its deposit rates for maturities of over one year by 0.25 per cent.

Give Rs 15,500 to get Rs 5.50 crore: Scamsters posing as Raghuram Rajan

Taking bank lottery scam to a new level, scamsters are using the name and picture of RBI chief Raghuram Rajan.

Indian rupee gains 12 paise against dollar in early trade

The rupee strengthened by 12 paise to 61.80 against the dollar in early trade.

PPF back to being popular on higher investment ceiling

Deposits in public provident fund (PPF) have witnessed a 50 per cent year-on-year rise in October...

RBI asks banks to adopt easy norms for m-banking registration

The RBI on Thursday asked banks to make registration process for mobile banking services easy and activate services...

Deposit rate cut by 3 banks may be precursor to cheaper lending

ICICI Bank's website showed that it has lowered it deposit rates for customers within the Rs 1-crore bracket...

Axis Bank raises Rs 5,705 crore via infra bonds

Axis Bank on Wednesday raised Rs 5,705 crore through 10-year infrastructure bonds.

RBI asks banks to standardise mobile banking ops

RBI has advised banks to minimise the timing between registration and activation of mobile banking services.

RBI orders banks to adopt easy norms for quick roll out of m-banking services

The Reserve Bank of India today asked banks to make registration process for mobile banking...

HDFC Bank, ICICI Bank cut retail fixed deposit rates

At a time when the bankers are saying that deposit rate cuts are necessary for trimming lending rates...

Indian rupee rules steady against dollar after initial losses

The rupee was quoted barely steady at 61.91 on selling of the American currency.

Indian rupee down 4 paise against dollar in early trade

The rupee weakened by four paise to 61.95 against the US dollar in early trade.

Lodha Developers delays overseas bond plan till early 2015

Lodha Developers has pushed its plan to raise funds from the overseas bond market to 2015 after its maiden dollar bond...

RBI guidelines on e-commerce transactions soon: HR Khan

RBI deputy governor HR Khan on Wednesday said RBI has some concerns over e-commerce transactions...

Firms with good operating leverage to drive markets: Swati Kulkarni, UTI Mutual Fund

The stocks of automakers, consumer discretionary sectors and industrial manufacturers are expected to perform better...

Indian rupee slips 3 p Vs US dollar to close at 61.91; snaps two-day upmove

Snapping a two-day upmove, Indian rupee today eased by three paise to end at 61.91 against the Greenback on fresh dollar demand from importers.

SBI chief Arundhati Bhattacharya says banks get little from money mkt to cut rates

With RBI chief Raghuram Rajan blaming banks for high interest rates and not transmitting the money market benefits...

TARC seeks separate cell for the rich, tax on ‘large’ farmers

The TARC also made a case for increasing the wealth tax base by including intangible financial assets while raising the threshold and decreasing the wealth tax rate.

United Bank of India identifies United Breweries ‘wilful defaulter’

UB Group chairman Vijay Mallya is in further trouble as state-run United Bank of India on Tuesday identified United Breweries Holdings...

Indian rupee down 5 paise against dollar in early trade

The rupee declined by 5 paise to 61.93 against the US dollar in early trade today at the Interbank Foreign Exchange...

Indian rupee rallies further 14 paise Vs dlr to end at 61.88

The Reserve Bank of India (RBI) kept its key rates unchanged in its fifth bi-monthly monetary policy review.

More equity for banks in recast loans

RBI on Tuesday said banks may be able to own a larger stake in companies whose loans were being restructured...

It could be fall season in March

RBI holds fast on rates but signals cut in first quarter of 2015.

Editorial: Rates versus premium

RBI stays cautious, reiterates NPA-impact on interest

Bankers hint at happy new year on rate front

Say loan rates may trend down in Q1CY15 after RBI signals shift in policy stance

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