Banking & Finance

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.

union bank q4

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.....

deposit rates

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...

Foreign Exchange, Sensex, BSE, currency, Equity Markets, Rupee, paise, Forex, US Dollar

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" ...

punjab National Bank axis bank

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

debt, debt trap, loans, good loan, bad loan, financial knowledge, personal loan, money, personal finance news, financial awareness

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...

Fii, FDi, overseas investors

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...

bank of india

ABN Amro Bank to pay Rs 25,ooo to client

A consumer forum here has directed ABN Amro Bank to pay Rs 25,000 compensation...

Rupee trims its initial losses vs US dollar, still down by 10 paise to 61.46

The Indian rupee trimmed its initial losses against the American currency but was still quoted down by 10 paise to 61.46 per dollar on some demand from banks and importers in view of firm dollar in th

‘Retail investors flock to mutual funds again’

Mutual funds registered a 4.6 per cent increase in retail folios in the past six months ended September 2014, marking the highest rise since March 2009, according to rating agency Crisil. n In absolut

Mutual Funds, stock market, Sebi, Securities and Exchange Board of India

Long-term investments in equities is the way forward

Global strategists see India’s GDP growth picking up, inflation coming down, rates softening...

startup investment

EPFO to seek clarity on transaction limit in Jan-Dhan scheme

Retirement fund body EPFO will soon approach the Finance Ministry on the transaction limit...

epfo investment

Shriram City Union Finance Q2 net profit up 8.66 pct

Shriram City Union Finance had reported Rs 127 cr during corresponding period of previous year.

Global shadow banking assets touch $75 trillion

United States and the euro area now account for one-third of the global shadow banking assets.

Karnataka Bank Q2 net trebles at Rs 88 cr

Private sector player Karnataka Bank's net profit more than trebled at Rs 88.46 crore...

Tax refunds putting pressure on fiscal deficit, says FM Arun Jaitley

Finance Minister Arun Jaitley today said increased tax refunds in the current financial year...

Indian rupee snaps 4-day fall, ends at 61.36 vs dollar on strong stocks

Robust capital inflows and good show by local equities helped the Indian rupee today snap a four-day losing trend...

Tax Talk: Returns called up for assessment? Keep documents handy to avoid hassles

Have your returns been called up for assessment by a tax officer...

Gains from bonus shares

While a bonus share issue helps a firm capitalise its reserves, it’s beneficial to shareholders too

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