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EC letter to RBI, TMC for drafts of Rs 1.33 cr

The Election Commission has asked the Reserve Bank of India to inquire into the conduct of Allahabad Bank and United Bank of India which made drafts of Rs 1.33 crore for Trinamool Congress in......

'The first thing we have to address is the fear of public opinion'

'A set of encroachers are sitting in Delhi on a variety of things.' 'It is to remove and eliminate these encroachers that people have brought us to power. Winning the Delhi assembly elections was......

Mithun surrenders Rs 1.2-cr received from Saradha to ED

Trinamool Congress MP and actor Mithun Chakraborty on Tuesday surrendered to Enforcement Directorate an amount of about Rs 1.2 crore that he had received from scam-hit Saradha group of companies......

Why India is getting hotter by the year

  Scientists at the India Meteorological Department warn that not only has India turned hotter in the last two decades, but that heat waves are projected to become more intense, have longer......

Modi@1: The PM is wasting away great power

Narendra Modi is squandering a mandate for change on feeble, unimaginative incrementalism. May 16, 2014, was supposed to be a watershed. As the results rolled in, and all of north and west India......

India Post may apply for payment bank licence

The department of posts (DoP) is actively considering whether to apply for a payment bank licence, following the draft norms issued by Reserve Bank of India (RBI) last month.   “We......

RBI issues draft charter of customer rights

The Reserve Bank of India (RBI) on Friday issued the draft of a charter comprising five basic customer rights. Feedback has been invited by September 22. These cover a right to fair treatment,......

RBI sets stiff terms for niche bank licences

The Reserve Bank of India (RBI) on Thursday paved the way for niche banking by issuing draft guidelines for setting up payment banks and small banks.  While payment banks will offer remittance......

Insurers not hopeful of banks entering broking business

The Reserve Bank of India has issued draft guidelines for banks to become insurance brokers, but insurers say there may not be too many takers because of the stringent capital requirements.......

6 key challenges for Raghuram Rajan

The immediate priority for the new governor will be to draft the mid-quarter review of Reserve Bank of India's monetary policy on September 18 - within a fortnight of taking charge. But the......
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RBI , finance ministy agree on rate panel

rajan says governor does not need veto power on rate cuts; insists on autonomy RBI governor Raghuram Rajan seemed to have brushed aside the heated... ...

http://www.asianage.com/business/rbi-finance-ministy-505
Greek market recovers some poise, but banks hammered again

ATHENS Greece's banking stocks plunged for the second day in a row on Tuesday, holding down the main Athens index which otherwise turned the corner... ...

http://in.reuters.com/article/2015/08/04/us-eurozone-greece-stockmarket-idINKCN0Q90NU20150804
Greece upbeat about bailout deal, sees one within two weeks

ATHENS Greece expects to conclude a multi-billion-euro deal with international lenders within two weeks, officials said on Tuesday, and its finance... ...

http://in.reuters.com/article/2015/08/04/us-eurozone-greece-bailout-idINKCN0Q90YU20150804
Ranjan

In a conciliatory move, RBI Governor Raghuram Rajan on Tuesday seemed willing to concede space on the vexed issue of veto power for the central... ...

http://www.mydigitalfc.com/policy/guv-doesnt-need-veto-power-autonomy-ranjan-895
IDBI launches self-service kiosk

IDBI Bank launched its first self-service mini branch kiosk in Mumbai. The kiosk will take care of customers' requests for personalized cheque... ...

http://bankingfrontiers.com/news_details.php?news_id=4055&cat_id=48

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