31 Aug 2015
Zurich/London: Spooked by the new blackmoney law, a number of Swiss and other European banks have begun asking Indian clients to disclose their accounts to the tax authorities back home as they fear being accused of 'abetting' the hoarding of untaxed assets.
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 Aug 2015
Mumbai: SBI chief Arundhathi Bhattacharya said the government needs to think about "ways and means" to sustain social security schemes like Pradhan Mantri Jan Dhan Yojana in the long run and compensate public sector banks (PSBs) to make such initiatives commercially viable.
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.
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).
21 Aug 2015
New Delhi: Bringing cheers to lakhs of bank employees, the government has accepted the long-pending demand of workers to declare second and fourth Saturdays holidays, with effect from September 1.
21 Aug 2015
Bengaluru: IT czar and former UIDAI Chief Nandan Nilekani today said India is witnessing a "Whatsapp" like movement in the finance sector due to emergence of payments banks, e-sign, IMPS and other technology-related revolutions.
22 Aug 2015
Mumbai: The Reserve Bank gave the farming community much to cheer about when it said banks can extend loan repayment period up to 5 years in case 50 percent crop is damaged due to natural calamities like drought and flood.
20 Aug 2015
Mumbai: Companies run by billionaires Mukesh Ambani and Kumar Mangalam Birla as well as telcos Bharti Airtel and Vodafone are among the 11 entities that yesterday got the Reserve Bank's nod to set up non-lending payments banks as part of the financial inclusion drive.
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.