The broader Nifty ended on top of 9,800 again.
BBPS allows you to pay electricity, telephone, water supply, gas and DTH bills. Its scope will be expanded to include other payments like school and university fees, government taxes, insurance premiums, mutual fund investments, even credit card bills.
The board of directors at its meeting held on October 22, approved the said appointments, the exchange said in a regulatory filing on Wednesday.
Banking PSU stocks made a brave comeback on Monday after succumbing to losses Friday following the Union Budget's ignoring a long-standing demand by the sector on FDI limits.
Officials of 17 banks which gave loan to Kingfisher Airlines and UB Group are also under the agency's scanner
Union Bank of India has posted a 36.84 per cent increase in net profit at Rs 155.89 crore (Rs 1.56 billion) for the first quarter ended June 30, 2003, compared to Rs 113.91 crore (Rs 1.14 billion) in April-June 2002.
Rajan sees banks passing on the benefit of lower rates regime to customers.
Union Bank of India posted a 75.94 per cent rise in net profit at Rs 552.69 crore (Rs 5.526 billion) for the financial year ended March 31, 2003, as against Rs 314.13 crore (Rs 3.141 billion) for 2001-02.
21 banks have launched United Payments Interface application.
The mergers will not involve any cash but only share swaps
Investor Rakesh Jhunjhunwala and his family's net worth in listed companies surges in the recent bull run.
The RBI also looked into the effectiveness of systems and processes for implementation of KYC norms
The agency noted that the reviews of these banks' sub-debt ratings were not indication of any change in the affected banks' fundamental credit quality.
This is the first tranche of capital infusion for the fiscal and more funds would be provided in future depending upon the performance of PSU banks.
Despite no change in interest rates, India's largest lender, State Bank of India, last week became among the latest to lower deposit rates, often a precursor to lower lending rates, something some banks have already done for certain consumer loans.
Some of the public banks showed improvement; much more still needs to be done
Railway passengers can book their tickets and do shopping using RuPay pre-paid debit cards.
Investors lost around Rs 1.57 lakh crore in market valuation on Friday.
The country's largest lender State Bank of India will get the largest sum of Rs 8,800 crore as government's capital infusion.
Next set of Q4 FY16 earnings, progress of monsoon along with election poll outcome will dictate market trend this week
Financial shares were the top losers.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
'If the new rate is lower than your current rate, ask your bank to shift you to it.' 'This can be done by paying a fee of Rs 5,000 to Rs 6,000.'
The S&P BSE Sensex shed 42 points to close at 25,838 and the Nifty50 lost 13 points to end at 7,899.
Any revision in loan rates would be visible next month.
While PNB did not name the other lenders, Union Bank of India, Allahabad Bank and Axis Bank are said to have offered credit based on letters of undertaking (LOUs) issued by PNB. Foreign bank branches too are under investigation.
Two non-government organisations run by social activist Teesta Setalvad and her husband have been served notice by the home ministry for alleged violations of the Foreign Contribution Regulation Act and asked to reply within 15 days.
At the prison, both Ranjan and Manglik's cell phones were pressed into service by the CBI. Why the CBI didn't bring its own equipment seems a mystery... Ranjan's cell handset was given to Indrani and Manglik dialed it. Indrani then spoke and her speech, that emanated from the phone, via speaker mode, was recorded.
Technical, legal, valuation fees could offset the benefit.
Lenders can now review a borrower account within 30 days of default. Earlier, the banks had to start resolution within one day of default.
The CBI on Wednesday registered a case against social activist Teesta Setalvad and her organisation for alleged violation of FCRA in recieving funds from abroad without taking prior permission from the home ministry.
Bank of India, Canara Bank, Dena Bank, Corporation Bank and Andhra Bank are among the lenders that received capital infusion from the government.
Besides foreign flows, corporate earnings and US Federal Reserve chief Janet Yellen's testimony to the nation's legislature are also likely to impact investor sentiment.
Within hours of rate cut announced by RBI, United Bank has reduced the benchmark lending rate by 0.25 per cent, while other banks including market leader SBI have indicated that they would follow suit.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers' queries on stocks they own or want to buy.
Mundra fills the vacancy created by the retirement of KC Chakrabarty in April, two months before his five-year tenure was come to an end.
The Reserve Bank of India kept interest rates on hold at 7.50 per cent.
Capital infusion of $30 bn over two years needed amid high dividend payouts and impairment ratios.
'The cost of funds has come down, which will lower lending rates'.
