13 Nov 2014
Ahmedabad: Hailing the Pradhan Mantri Jan Dhan Yojana, a top official of Axis Bank said that the scheme is beneficial for both people and the banking sector.
25 Feb 2013
British banking major RBS will be laying-off some of its 1,000 employees as it winds down retail and commercial business in the country.
11 Nov 2012
State-run banks and foreign banks were hit by bad loans as their non-performing assets rose, says the Reserve Bank.
16 Nov 2012
A day after Finance Minister P Chidambaram asked the Reserve Bank to speed up the process of issuing new bank licences, Governor D Subbarao on Friday said it would not be possible without fulfilling the enabling conditions for the same.
15 Nov 2012
India's public sector banks will hire 63,200 people in the current financial year, nearly a third of which will be by the State Bank of India, Finance Minister P. Chidambaram said on Thursday.
05 Dec 2012
State Bank of India on Wednesday said it is expecting around Rs 4,000 crore infusions from government this fiscal that will ramp up its capital base to over 13 per cent.
28 Nov 2015
Chennai: Multinational banking major HSBC on Friday announced its decision to exit private banking business in India while offering its existing clients the HSBC Premier, a global retail banking and wealth management proposition.
20 Oct 2015
New Delhi: Prime Minister Narendra Modi yesterday said the government has initiated a series of banking reforms including re-capitalisation of PSU banks, change in rules for hiring top management and paper-less transactions to curb the black money menace.
10 Apr 2015
Pune: Reserve Bank Governor Raghuram Rajan on Friday said banking sector will see major changes in the coming years with the entry of new players, including a postal bank possibly, while public sector lenders will be the biggest "change agents".
06 Jul 2016
Mumbai: Rating agency Fitch has downgraded the banking sector outlook to negative, from stable, due to more downside risks emanating from rising stressed loans and weak corporate earnings, which may further roil banks.