Rating agency Fitch on upgraded outlook of 10 financial institutionals, including SBI, ICICI Bank and EXIM Bank of India to 'stable' from 'negative' earlier following revision in the country's outlook.
21 banks have launched United Payments Interface application.
Private sector banks are way behind their PSU peers when it comes to opening financial inclusion accounts under the Prime Minister's Jan Dhan Yojana
The agitation saw the participation of 147 farmers when it started, which number swelled to 325 by the time it ended.
The RBI also looked into the effectiveness of systems and processes for implementation of KYC norms
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.
The incoming government will have to encourage private investments, bring down cost of capital
Equity benchmarks erased early gains after realty, capital goods, teck, auto, PSU, IT, power and bankex counters came under selling pressure, falling up to 1.28 per cent.
The Enforcement Directorate, which continued its searches against Modi, Choksi and their companies for the fourth day on Sunday , is also moving to attach at least two dozen immovable properties under the Prevention of Money Laundering Act.
The mergers will not involve any cash but only share swaps
Extending losses for 7th session, Nifty fell below the 8,000 mark for the first time since Nov 25
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The global brokerage firm in March had trimmed the growth forecast to 6 per cent and in June again it revised the growth estimate to 5.8 per cent.
The S&P BSE Midcap and the S&P BSE Smallcap indices under-performed to lose 0.8% and 1.6%
Financial shares were the top losers.
For the fortnight ended September 5, annual credit growth in the banking system fell to 9.68 per cent, data released by the Reserve Bank of India showed.
The BSE Midcap and the S&P BSE Smallcap indices outperformed to gain 0.6% and 1.1%, respectively
Ajit Mishra, vice president, Research, Religare Broking, answers your queries:
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Financial shares were among the top gainers with HDFC leading the gains.
According to the RBI's Financial Stability Report, the industry's gross bad-loan is at a 14-year high. As RBI's March 2017 deadline for banks to clean up soured credit looms closer, Shailajanand Mishra takes stock of just how bad the situation is.
Following are certain important things that lenders consider while processing loans to self-employed...
Polling in Vellore was scheduled on April 18.
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2014 made a lot of promises; can the new year deliver?
Ananthasubramanian, 55, started her career in 1982 at Bank of Baroda as a specialist officer in the planning stream.
The company is pursuing the early scheduling of gas with the Centre to restart generation.
The rupee will largely remain stable but with a mild depreciating bias in the next one year
India's largest private sector lender ICICI Bank has hit the Chinese debt market for a benchmark issue of about $500 million.
Asset quality stress has ballooned recently, as growth slowed and interest rates continued to rise.
The S&P BSE Sensex shed 42 points to close at 25,838 and the Nifty50 lost 13 points to end at 7,899.
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After scrapping the selection of six UPA-appointed bank chiefs, the government has now decided to make significant changes to the selection process.
'If supply of cash is not sufficient from the RBI, it may create difficulty for both banks and people.'
Investors lost around Rs 1.57 lakh crore in market valuation on Friday.
Infosys, Bharti Airtel and ICICI Bank are the only companies who have managed to score 100% on a Composite Disclosure Index
Mixed global cues and decline in crude oil prices further dent the sentiments.
Rajiv Raj tells you about some easy financing options to deck up your home
Making purchases on your credit card can turn out to be a better idea. Here's why.
IT majors weakened ahead of the September US jobs data and telecom stocks ended lower
At the age of 27, Chandrashekhar has cases of cheating and illegal money laundering against him in the Enforcement Directorate, the Central Bureau of Investigation, the Chennai Police and the Bengaluru Police, a senior Delhi police officer said.
The RBI on Friday imposed a fine of Rs 6.5 crore (Rs 65 million) on six public sector banks including IDBI Bank, Dena Bank and Indian Bank, for violation of customer identification or KYC norms and anti-money laundering guidelines.
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