Y H Malegam, 80, will head the panel that will look into non-performing bank assets and their relation to the Rs 114-bn PNB scam.
The microfinance vertical of the bank will provide loans of Rs 80,000 to Rs 1,00,000.
Most adult Indians should have access to bank deposits, credit and remittance facilities as well as insurance and mutual fund products in the next decade, and technology will play a big role in this transformation, says Tamal Bandyopadhyay.
The BJP MP said the guidelines for grant of licences were 'brazenly flouted'.
Women's share of work in these industries is over 50 per cent, yet they are paid much less than their male counterparts.
RBI had received 72 applications for small finance bank licences.
For India's leading MFI-turned bank, the challenge is to stay competitive while pricing its loans
Invests $50 mn in 11 entities in just over a year, commits $25 mn more; prefers putting money in firms trying to solve India-specific problems
Bandhan Financial Services, which is to start banking operations soon, has received a combined equity commitment of Rs 1,600 crore (Rs 16 billion) from International Finance Corp (IFC) and GIC, Singapore's sovereign wealth fund.
Issuance of new bank licences proves that the apex bank wants the financial sector to flourish.
'Unless India Inc's earnings offer promise in March 2017 quarter, sentiment may not reverse in a hurry.'
Total exit value breached the $10 billion mark for the first time to touch $10.3 billion this calendar, from $9.4 billion in 2015
Folk artist from Chhattisgarh Teejan Bai, Guelleh, Naik and theatre actor from Maharashtra Balwant Moreshwar Purandare will be honoured with Padma Vibushan.
The RBI governor most famous oneliners -- 'I am Raghuram Rajan and I do what I do' -- that eventually summed up the year 2015 for the central bank
Even as you fight the ongoing health challenge, here are some tips to strengthen your personal finance in the time of coronavirus.
The Reserve Bank of India (RBI) on Thursday paved the way for niche banking by issuing draft guidelines for setting up payment banks and small banks.
Tamal Bandyopadhyay offers some unsolicited advice for a government wh,ich came to power, with brute majority and the nation's pragmatic chief money man.
Within two weeks of the speech, the prime minister flagged off the Pradhan Mantri Jan Dhan Yojana, and the day was marked by announcing its outcome on the very first day of its implementation.
Over Lebanese delicacies, the daughter of billionaire Kumar Mangalam Birla talks money, relationships, her passions and how she outpaced her peers.
Nifty50 surged 145 points to close at 8,468 after hitting an intra-day high of 8,475.
Vastu Housing Finance is trying to leverage technology to distinguish itself in a crowded space.
A parliamentary panel on Friday opposed the new bank licences to corporate houses and voiced concerns over the discretionary power vested with RBI for applying 'fit and proper' criteria for deciding on applications.
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Reliance, Birla Group, Airtel eye small finance banks.
The progress of the GST Bill in Parliament is also likely to remain in focus
The BSE Mid-Cap index was currently up 0.83%. The BSE Small-Cap index was currently up 0.8%.
The macro economic situation and currency depreciation might top the priority list of Reserve Bank of India (RBI) governor-designate Raghuram Rajan.
Sacrifice these common misconceptions to improve your credit score this Eid
Ajay Banga, the 55-year-old CEO of MasterCard, is on a roll.
Reliance Industries was the top Sensex gainer up 5.6% after the company reported better-than-expected net profit growth at 12% in the second-quarter aided hby higher gross refining margins.
Investments in 2015 reach a record high of $46.4 million with 193 deals.
In good times, analysts justify valuations giving interesting investment rationale.
Market breadth is positive with 942 advances and 196 declines.
Investors engaged in profit booking in the recent gainers at attractive and higher valuations.
'In the end, investing is about people.' 'If you get the right people, they make things happen,' Mengistu Alemayehu tells Shyamal Majumdar.
The Sensex closed higher by 170 points at 26,128 and the Nifty rose 59 points to end at 7,943.
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The first phase would comprise universal access to banking facilities. Under this, basic bank accounts with zero balance, RuPay debit card and financial literacy, will have to be completed in the next one year, officials said.
The move to ban Rs 500 and 1000 notes may not curb the root cause of black money.
EC received the RBI proposal in the first week of this month, soon after the model code of conduct came into force on March 5.
Banking is first about trust and integrity and then about technology and the rest.
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