15 Aug 2016
New Delhi: Post offices across the country will be converted into "payment banks", Prime Minister Narendra Modi said on Monday. "Post offices will be converted into payment banks," he said while addressing the nation from the Red Fort on the 70th Independence Day, adding the move will create a network of banks which will help in transfering benefits to the people.
31 Mar 2015
Mumbai: In the wake of unseasonal rain damaging thousands of acres of standing crops in many states, Nabard said it is committed to supporting regional rural banks and co-operative banks with liquidity support from a specially created Rs 1,600 crore fund.
29 Jan 2015
Mumbai: The Reserve Bank has exempted Regional Rural Banks with assets less than USD 175 million to register with the US Internal Revenue System under Foreign Account Tax Compliance Act (FATCA).
17 Apr 2015
Hyderabad: Noting that the Land Acquisition and several other important Bills would be taken up during the Parliament session resuming this month, Union Minister M Venkaiah Naidu on Friday said the Congress and other opposition parties should help in passing them.
25 Jun 2013
The Reserve Bank of India tightened restrictions on gold lending on Tuesday for regional rural banks and said the restrictions also extend to units of gold exchange traded funds (ETF) and units of gold mutual funds, to tame demand for the yellow metal and rein-in a record high current account gap.
27 Nov 2014
New Delhi: Enthused by initial response, the government has revised upwards target for opening of accounts under Pradhan Mantri Jan Dhan Yojana (PMJDY) from 7.5 crore to 10 crore by January 26.
27 Jul 2016
New Delhi: He remains the youngest boxer in India's Olympic contingent even four years after his debut at the big event but what has changed drastically for Shiva Thapa are "strength, endurance and maturity" heading to Rio as a top medal contender.
17 Jul 2016
New York: Birds that live in suburban areas exhibit significantly higher levels of territorial aggression than those in the countryside, says a study that shed light on the effects of human population expansion on wildlife.
02 Aug 2016
Mumbai: Paving the way for entry of new players in banking sector, the Reserve Bank on heralded 'on tap' universal banking licence regime, but excluded large industrial houses from the purview though they can invest up to 10 per cent in new banks.
25 Jul 2016
New Delhi: The Supreme Court today issued notice to businessman Vijay Mallya on a plea by the lenders seeking contempt proceedings against him for not making full disclosure of assets held by him, his wife and children in India and abroad.