RBI imposes Rs. 1 crore fine on State
Reserve Bank has imposed a penalty of Rs. 1 crore on an SBI associate bank, State Bank of Travancore, for
Growth in retail loans tops that of corporate
MUMBAI: Retail loans have grown at more than double the pace than overall loans till the end of last year,
Interest subvention should be phased out: central bank
MUMBAI: The government must do away with the interest subvention scheme and plough back the subsidy into a universal crop
Utkarsh Micro Finance plans to raise Rs 500
MUMBAI: Utkarsh Micro Finance plans to raise as much as Rs 500 crore by privately selling shares to institutions as
Dalal Street Heads for Worst Ride in 4
Mumbai: After a roller-coaster ride, Dalal Street is headed for its worst performance in four years in 2015 – when
Forex reserves down by $1.4 bn at $351.11
After rising for two consecutive weeks, country’s foreign exchange reserves fell by $1.4 billion to $351.106 billion in the week
RBI may revise gold bonds’ pricing mechanism to
MUMBAI: The Reserve Bank of India is looking at revising the pricing mechanism of gold bonds in a bid to
ICICI Group may hike stake in licensed payment
MUMBAI: Newly-licensed payment bank FINO PayTech will raise fresh funds from domestic institutional investors as it prepares to face competition
Jan Dhan Yojana: RuPay gaining currency irks US
MUMBAI: US card companies MasterCard and Visa have complained of an invisible mandate to keep them out of Jan Dhan
More rate cut by RBI unlikely this fiscal:
There is no scope for further reduction in policy rates by RBI in the current fiscal as the central bank