26 May 2015
New Delhi: Around 10 lakh employees of 43 banks, including public sector banks, will get a 15 percent hike in salaries, with the Indian Banks Association on Monday signing a wage agreement with employee unions and officers’ associations.
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.
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 May 2015
Mumbai: A recovery in India's credit growth could elude the country's banks until early 2016, despite an economy that in the first three months of this year is expected to have outpaced China.
24 May 2015
Kolhapur: Maharashtra Chief Minister Devendra Fadnavis on Sunday said action will be taken against banks that do not distribute the financial aid released by the government to the farmers.
25 May 2015
Shimla: Bollywood superstar Salman Khan will be reaching Himachal Pradesh's Mandi town on Monday to attend his younger sister Arpita Khan's marriage reception, event organisers said on Sunday. The state government has declared the actor a state guest and will provide him a chopper to take him and his family to the venue from Chandigarh.
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).
20 May 2015
New York: Multilateral institutions like the IMF need to re-examine "rules of the game" but central banks should not ignore international responsibilities despite their domestic mandates, RBI Governor Raghuram Rajan has said.
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.
20 May 2015
New York: Raising concern over central banks globally being pushed into "competitive monetary easing", RBI Governor Raghuram Rajan on Tuesday said lower interest rates and tax incentives can boost investments, but it is consumer demand that holds the key for pushing economic growth.