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Loan default case: CBI registers fresh case against Mallya

The Central Bureau of Investigation has registered a fresh case against beleaguered liquor baron Vijay Mallya for allegedly cheating a consortium of nationalised banks to the tune of Rs 6,027 crore......

RBI stays on sideline as rupee hits 20-month low

Traders believe the RBI will step in more strongly, if the rupee starts falling towards 65 The Reserve Bank of India's limited intervention during the rupee's slide to 20-month lows against the......

SBI limits free ATM transactions to 5, will others follow?

Even as State Bank of India, the country's largest lender, has decided to charge its customers for more than five transactions through automated teller machines (ATMs), private sectors banks......

IDBI Bank to arrange $1bn for Air India's jet buy

Public-sector lender IDBI Bank will lead a consortium in arranging $1 billion needed to bail out national carrier Air India. The state-owned airline has been struggling to arrange funds for......

IDBI to hire 2,000 officers in 6 months

The state-owned IDBI Bank is in the process of recruiting 2,000 supervisory officers in the next six months to support the expansion of its branch network, said Chairman and Managing Director......

IDBI Home Finance sale faces hurdles

The IDBI Bank board will meet on Friday to decide if the bank should sell its wholly-owned subsidiary, IDBI Home Finance, to Dewan Housing Finance Corporation at a valuation that is below what has......
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Sensex regains some lost ground; Bank stocks mostly down amid cautious moves

Bank stocks are mostly lower amid cautious trades ahead of results. Axis Bank, HDFC Bank, Federal Bank, IDBI Bank, IDFC Bank, Kotak Bank and State... ...
Govt seeks report from banks, asks citizens 'not to panic'

Finance Minister Arun Jaitley The government has asked RBI and banks for a detailed report on banks' preparedness to deal with cyber crimes . As... ...
Banks' fraudulent withdrawals estimated at Rs 1.3 crore

National Payments Corporation of India (NPCI), the umbrella organisation for all retail payments system in India, has stated that the total... ...
Use your credit card instead of cash this Karva Chauth

Making purchases on your credit card can turn out to be a better idea. Here's why. Thanks to the extensive reach of Bollywood and the spate of... ...
- MSMEs left out as MoFPI frames policies for food processing sector

With the ministry of food processing industries (MoFPI) planning large-scale policies for the food processing sector and eyeing big investments... ...

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