Banking & Finance

Canara Bank net flat at Rs 627 cr on higher provisioning drag

Canara Bank’s net profit remained flat for the September quarter at Rs 626.84 crore.

RBI: A cut in time saves nine

Delay in cutting interest rates would imply that the RBI is looking to bet on a horse after it has won the race.

SBI’s credit card division fined Rs 15,000 for threatening calls

SBI Cards and Payment Services Pvt Ltd has been asked by a consumer forum to pay Rs 15,000...

Weak corporates financial health affecting banks’ asset quality: Moody’s

The asset quality of state-owned banks will continue to be burdened by weak financial...

Indian Bank 2nd quarter net profits marginally jumps to Rs 314.33 Crore

Public sector Indian Bank has reported a marginal increase in net profit...

Dollar keeps marching higher, Euro cowers as ECB looms

The dollar kept marching higher on Thursday in anticipation of a strong U.S. payrolls report....

Franklin Templeton Investments to launch open-end fund scheme

Franklin Templeton Investments (India) will tomorrow launch an open-ended funds scheme....

Union Bank slashes interest for medium cos by up to 3.75 pct

State-run lender Union Bank of India today reduced interest rates for medium enterprises...

Govt to revive 23 district co-op banks, to infuse Rs 2,375 cr

Government on Wednesday decided to infuse Rs 2,375.42 crore to revive 23 District Central Cooperative Banks...

Indians bank heavily on financial services firms: Survey

More than half the netizens in India are early adopters of technology and have highest loyalty...

Nobel-winning economist backs Raghuram Rajan’s RBI anti-inflation policy

Nobel laureate economist Finn Kydland today supported Reserve Bank Governor Raghuram Rajan's...

Private insurers outpace market

The state-owned insurer Life Insurance Corporation’s collections fell 5% y-o-y.

Union Bank thinks small, cuts rates for MSME advances

Union Bank on Wednesday said it was slashing rates by as much as 200-375 basis points for such customers.

Rouble rubble: Weakest link in BRICS posts 25% YTD fall

Global crude oil prices have plunged more than 21% so far in 2014

Muthoot Fin Q2 net falls 19% to R171 crore

Gold loan NBFC Muthoot Finance reported a 19% y-o-y fall in the net profit at Rs 171 crore for the quarter ended September.

Adverse regulatory changes have hurt growth: Oomem K Mammem, Muthoot Finance

Oomem K Mammem is of the opinion that the new RBI guidelines for NBFCs won’t impact the gold loan market.

Rupee finishes almost flat at 61.41 against US dollar

The Indian rupee today ended almost flat at 61.41 against the Greenback.....

Indian-origin entrepreneur Rajesh Agrawal launches Xendpay unique remittance service

India is the largest recipient of remittances in the world, with USD 71 billion sent last year.

Indian rupee gains 6 paise against dollar in early trade

The rupee strengthened by six paise to 61.34 against the US dollar in early trade today at the Interbank Foreign Exchange...

Column: Is RBI targeting NEER?

Support for the Nominal Effective Exchange Rate seems to have moderated, but is likely to resume

Banks CDR book to balloon by up to Rs 1 trillion by March: Report

India's banking system is likely to witness a surge in restructured assets by a whopping....

Punjab National Bank asked to pay Rs 25,000 for harassing senior citizen

A bank has been asked by a consumer forum to pay a compensation of Rs 25,000 for "harassing" ...

Banking, finance firms to spend Rs 47,000 crore on IT this year

IT spending by banking and financial securities firms is expected to grow by over 10 per cent to Rs 469 billion or around Rs 47,000 crore this year, research firm Gartner said today. “Indian ban

Time ripe for RBI Governor Raghuram Rajan to trim repo rates

A whopping 18% fall in crude oil price will not just help narrow India's twin deficits but also help arrest inflation.

Time ripe for a cut

RBI aims to bring down inflation to 8% by January 2015 and 6% by January 2016.

Rupee depreciates four paise vs US dollar to end at 61.40

The Indian rupee today depreciated by four paise to close at 61.40...

Bank of India Q2 net profit up 26% at Rs 786 crore

State-run Bank of India (BoI) today reported 26.41 per cent growth in net profit at Rs 786 crore...

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