ABN Amro Bank on Monday announced its foray into the housing loan segment with the lowest interest rate of 6.0 per cent in the first year and 6.5 per cent in second year under its 'Super Saver Loan Package.'
Forex dealers said besides dollar gaining against other currencies in the global markets, increased demand for the American currency from importers and lower opening in the domestic equity market influenced the rupee.
Industry experts say that the government needs to further relax FDI norms to attract investors to the sector.
The court will monitor the progress of SIT, and it has been asked to report to the court periodically about the status of investigation.
After the government toed the UPA government's line in the Supreme Court, Finance Minister Arun Jaitley on Friday blamed the agreement entered into by the Congress government with Germany in 1995 as a constraining factor in disclosing details of black money stashed abroad.
The rupee had lost 31 paise to close at one-month low of 61.07 on Wednesday on sustained dollar demand from banks and importers.
In a fresh salvo at the Gandhi family, Narendra Modi on Friday said the country could not be run by a government working on "oxygen from mother and son" and a "dead, feeble and fractured" regime was not needed.
Her tone and tenor was clear and unflinching as she vowed to storm back to power in 2017,
On a daily basis, an average cash logistics company transports Rs 5,000-8,000 crore worth of cash nationwide.
The apex court, however, turned down the plea of the petitioner and senior advocate Ram Jethmalani, for allowing him to go through the contents of the report.
In New York, the dollar edged down against the yen for the first time in three sessions as investors weighed economic data and remarks from outgoing Federal Reserve Chairman Ben Bernanke.
Reserve Bank of India Governor Shaktikanta Das tells Anup Roy, Raghu Mohan and Niraj Bhatt that it is time for banks to lower interest rates and start lending to cash-starved finance companies after due credit appraisal and proper risk assessment.
Fund raising by Indian companies through the offshore debt market is expected to rise in 2015.
Foreign institutional investors pulled out Rs 86.66 crore (Rs 866.6 million) from local stocks on Monday, as per provisional BSE data.
Adani Mining is building a 300-km rail line for its about $16 billion Carmichael coal mine project in Australia.
This is the first big move in the investigation of the British Virgin Islands list where the I-T department has found a significant amount of tax evasion.
Live it up in style with these credit cards.
Who will replace Chandra at TCS if moves to Tata Sons?
The onus is on you to reject financial products that don't suit your needs.
India's five leading wilful defaulters are Winsome Diamonds & Jewellery Ltd and associate Forever Precious Jewellery & Diamonds, Zoom Developers, Kingfisher Airlines, Beta Naphthol and Raza Textiles
Showing keenness on a general consensus on the issue of stopping forceful religious conversion, BJP President Amit Shah said a bill can be brought in parliament for the purpose if "so called" secular parties extend support.
RBI governor also spoke on the ill effects of cutting interest rates too much
The RBI stipulated on Thursday that foreign institutional investors would require a mandate from participatory note holders to hedge on their behalf.
Fraudsters duplicate SIM cards to hack into bank accounts.
The I-T department has also filed 77 prosecution cases.
It has been in force since October 2011.
This licence will further enhance the niche role Doha Bank is playing and facilitating the movement of trade between Qatar and India.
India will pay Iran $900 million in two tranches beginning next week to clear part of the past dues for crude oil it buys from the Persian Gulf nation.
Banks play 'mind games' to woo customers. Big data and 'games' are now the tools of the trade.
Some leading private and foreign banks in the country have started checking scores of credit information companies such as Credit Information Bureau Ltd as part of their pre-employment screening process.
Increase in non-food credit was a tad lower than the 13 per cent growth in the previous two months, according to the Reserve Bank data.
The survey was based on the survey of 44 banks.
As Sahara India chief Subrata Roy continues negotiations with potential investors to raise funds to secure his release from jail, a senior group executive has proposed a 'contribution scheme' to raise Rs 2,500-3,000 crore ( 25-30 billion) from two lakh members of its parabanking division.
Rajan's first few measures include swap window facility for banks to lure in NRI funds.
Since 2009, the Department has publicly charged 73 account holders and 35 professionals with violations arising from their offshore banking activities, and 72 individuals have plead guilty or were convicted at trial.
The discussion paper is released at a time when the central bank is sifting through 26 applications seeking an entry into the fray.
Lenders are not enthused because, as brokers, their responsibility towards policyholders will be higher than corporate agents.
Tracking a recovery in local shares, the Indian rupee on Friday snapped a two-day declining trend and bounced back by 39 paise to end at 61.44 against the Greenback on fresh dollar selling by exporters and some banks.
Bankers expect RBI to help them spur lending growth.
The introduction of GST would constitute India's biggest reform.
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