25 May 2016
Mumbai: Reserve Bank deputy governor S S Mundra has raised concerns over one-third of ATMs being non-functional and warned the banks of penal action if the compliance levels are not met.
25 May 2016
Mumbai: Reversing its nine-day losing trend, the rupee today recovered 20 paise to 67.55 against the US dollar in morning trade on fresh selling of the American currency by exporters and banks amid a higher opening in the domestic stock markets.
20 May 2016
Mumbai: Nearly 50,000 employees of five associate banks of State Bank of India have gone on a day-long nationwide strike today to protest the proposed merger with their parent bank.
25 May 2016
New Delhi: Chabahar Port agreement with Iran is a landmark development that will help Indian companies boost their engagement in Central Asia and also significantly reduce the transportation cost, industry chamber FICCI said yesterday.
24 May 2016
Mumbai: Country's third-largest private sector lender Axis Bank has hit the international debt markets with its maiden green bond issue to raise USD 500 million, market sources said yesterday.
18 May 2016
New Delhi: The proposal of SBI to merge its five associate banks with itself and acquire Bharatiya Mahila Bank is in line with the government's policy of consolidation as the country needs global-sized institutions, Finance Minister Arun Jaitley today said.
22 May 2016
New Delhi: Coming out in support of RBI Governor Raghuram Rajan, leading industrialist Adi Godrej has said he is an admirer and it will be a "good thing for India" if his tenure is extended.
15 May 2016
Mumbai: An election officers seized Rs 570 crore in cash from three containers in poll-bound Tamil Nadu in the wee hours yesterday. However, the State Bank of India said last evening that it was the bank's legitimate cash.
21 May 2016
Bhubaneswar: RBI has been enjoying full autonomy and support of the government so far and it should be allowed to take its own decision, Governor Raghuram Rajan has told the Central Bank's staff.
23 May 2016
Mumbai: RBI Governor Raghuram Rajan has said India should restrain itself from being "too ambitious" at a time when the world is full of uncertainties and instead focus on sensible policies to ensure a sustainable economic growth.