Jaitley launches India Post Payments Bank branches

  New Delhi, Jan 30 (IANS) Finance Minister Arun Jaitley on Monday launched the India Post Payments Bank branches and said the network of post offices can take...

India’s forex reserves cross $360 bn

Chennai, Jan 28 (IANS) India's foreign exchange reserves went up marginally to $360.77 billion as on January 20, 2017, the Reserve Bank of India (RBI) said. According to...

Allahabad Bank raises Rs 1,000 cr capital

  Kolkata, Jan 27 (IANS) Public sector lender Allahabad Bank on Friday said it has raised Rs 1,000 crore in tier-two bonds through private placement. "Allahabad Bank has raised...

Kotak Mahindra Bank net up to Rs 879 cr

  Chennai, Jan 25 (IANS) Private sector Kotak Mahindra Bank on Wednesday said it has posted a net profit of Rs 879.76 crore for the third quarter of...

IDFC Bank’s net down to Rs 191 cr

  Chennai, Jan 25 (IANS) Private sector IDFC Bank on Wednesday said it posted a net profit of Rs 191.26 crore for the third quarter ended December 31,...

Cabinet okays 60-day interest waiver on farm loans from co-op banks

  New Delhi, Jan 24 (IANS) The Union Cabinet on Tuesday approved interest waiver for November and December 2016, for farmers who have taken short term crop loans...

RBI Governor to appear before Parliament panel on Wednesday

New Delhi, Jan 18 (IANS) Reserve Bank of India (RBI) Governor Urjit Patel, who is to appear before the Parliaments standing committee on finance on Wednesday, will...

Bank of England ‘keeping close eye on UK consumer spending’

London, Jan 17 (IANS) The Bank of England is keeping a close watch on Britain's consumer spending amid signs of households dipping into their savings and amassing...

After #Notebandi, banks flush with money, but companies in no shape to borrow

"Demonetisation has made banks flush with funds, and they will lend it to productive sectors." - Power Minister Piyush Goyal, November 26, 2016. It won't be quite as...

Nepal lawmakers can’t be bank directors now

Kathmandu, Jan 11 (IANS) In a bid to reform the crisis-ridden banking sector in Nepal, its parliament has passed a legislation that bars lawmakers from becoming bank...

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