Lenders are not enthused because, as brokers, their responsibility towards policyholders will be higher than corporate agents.
CEOs of leading banks say third straight rate hike by RBI inevitable, though not desirable.
It is to keep labour unions away and make the employees feel important.
The Reserve Bank of India's ongoing inspection of the book of accounts of Syndicate Bank is unconnected with last week's arrest of S K Jain, its chairman and managing director.
A large number of public sector bank employees, as a matter of routine, do not "take" promotions so that they are not transferred out of their hometowns. The eastern region is famous for this, but it is a common practice everywhere, says Shyamal Majumdar.
The murder charges capped dramatic developments both in the court and outside where a woman head constable witness to the happenings told a Magisterial probe that the two traders were thrashed an entire night by the other police personnel at Sathankulam station where they were detained over alleged lockdown violations late last month.
'We were number one in commodity, currency, electricity, bonds, spot and everything. 'The purpose was to create an accident and then exploit it to eliminate the group. There were so many vested interests and therefore they did this," said Shah.
Amid the escalating Lieutenant Governor-Chief Minister feud, the Centre on Friday backed Delhi LG Najeeb Jung making it clear that it was not mandatory for him to consult Chief Minister Arvind Kejriwal on matters like appointment of bureaucrats.
Debit card use at POS terminals increasing at rapid clip, transactions at ATMs declining
'What made him different was that he was not a banker at all by temperament.' 'He was a businessman, a typical lalaji at that.' 'He had to win at any cost.'
Most players will need to burn the midnight oil to meet the deadline for creating a bank as well as specific norms set by RBI.
StanChart starts retrenching staff in India.
Zuckerberg is kicking off a tour of Europe on Monday.
Cricket Australia chief executive James Sutherland rejected clarion calls for a formal review and said the game is in "good shape" despite the Test team's fifth successive defeat.
The new Insurance Bill may take little time to see light of teh day.
Vora and Paulson Joseph were acquitted due to lack of evidence.
The bank will have around 501 branches.
Your nearest grocery shop might soon become a one-stop shop for depositing and withdrawing money.
US President Donald Trump has slammed federal judge James Robart who lifted the travel ban he had imposed on citizens of seven mainly-Muslim countries, taking an unusual jab at an independent branch of the US government as he vowed to bring back the restrictions.
Partha Chatterjee said the Tatas have 'love for the people'.
'I have only one life and that is enough.'
The Income Tax Department on Tuesday also raided 20 premises linked to Gitanjali Gems promoter Mehul Choksi and suspected shell firms in connection with an alleged tax evasion case against them, official sources said.
Under this service, SBI will give services in person or through remote mode.
The start of Indian lobbying in the US can be traced back to Pakistan's anti-India lobbying. Policy wonk Ashok Sharma documents this journey and its catalytic role in transforming the US-India relationship.
The 33-year-old man, identified as Jagdish Kanani was arrested from suburban Borivali on Sunday night.
Rediff readers tell us what their first salary was and what it meant to them at the time.
One way to bring down the cost is selling off old furniture.
The members of the Internal Complaints Committee should be empowered to take independent action without any pressure from the management.
The success of Anil Ambani's ambitious defence plan will depend partly on whether he can persuade government officials and international partners that he can build sophisticated equipment and partly on whether the PM can get India's notoriously slow procurement process to work, say Paritosh Bansal, Sanjeev Miglani and Promit Mukherjee.
Insurance firms want more clarity before increasing foreign partner's stake.
A casual worker employed at the Defence Ministry was arrested on Tuesday for allegedly providing forged identity card to a key accused in petroleum ministry leaks case while police maintained that no sensitive documents were leaked or stolen from the defence ministry.
Rajesh Bhayani examines what SEBI's approval of diamond futures trading means for the diamond market players.
Muhammad Usman, a suspected bomb-maker for the Pakistani terror group Lashkar-e-Tayyaba, had set out from the capital of the self-declared Islamic State caliphate in Raqqa, Syria, six weeks before the Paris attacks along with Algerian-born Adel Haddadi, the report said, citing investigation documents.
The sprawling Ashram founded by arrested self-proclaimed godman Sarathi Baba alias Santosh Raula in Odisha's Kendrapara district was officially evaluated at Rs 4.48 crore.
A Bengaluru-based techie killed his wife, tried to get his friend arrested, so that he could get closer to the friend's wife whom he was in love with.
Cricket Australia termed 'arrogant' and 'controlling' in stinging review report
Together, they controlled nearly Rs 26 lakh crore of assets at the end of FY16.
New offerings by banks are changing the way you transact.
Hundreds of army veterans, students and tourists took out a candle light march in his memory, with many voicing their demand for the death of the young lieutenant to be "avenged".
Execs of RIL, Essar, Cairn India, Jubilant Energy, ADAG detained.
