Soon you may never have to shell out more for withdrawing money from the ATM (automated teller machines) of another bank. Sachin Kumar
The Reserve Bank of India (RBI), on Friday, said that the credit information bureaus should use Aadhaar number to check the cases of frauds in the banking sector.
Life Insurance Council (LIC) has advocated that a bank should be allowed to sell products of five different insurance companies. It would soon send a note on this to Insurance Regulatory and Development Authority (IRDA), which is yet to come up with a guideline on bancassurance (refers to selling of insurance policies).
Unfazed by volatile stock markets, insurance behemoth Life Insurance Corp (LIC) plans to to invest Rs. 250,000 crore in both equity and bonds this year.
Tightening their noose on loan defaulters, banks have decided to 'name and shame' the guarantors of such borrowers as well by publishing their photographs and other details in newspapers and at notice boards of bank branches and community centres.
India’s central bank has tabled reforms to the funding practices of non-bank lenders in a move that some observers believe underlines its determination to limit the growth of a shadow-banking system.
The Reserve Bank of India today imposed penalties ranging from Rs. 50 lakh to Rs. 3 crore on 22 banks, including State Bank of India, Canara Bank, Punjab National Bank, Deutsche Bank and Kotak Mahindra for violating customer identification and anti-money laundering rules. HT reports.
The Reserve Bank does not have any target in mind on the number of banking licences to be issued in this round, a senior official of the central bank said today.
Bombay High Court today allowed Madhu Kapur to file an amended petition that seeks to revoke the appointment of three new whole-time directors and questions the modalities by which Yes bank appointed three other directors recently.
In a move to stem the continuing fall of rupee, the RBI tonight came out with a slew of measures including hiking the lending rates for banks and sucking up of Rs.
12,000 crore, to make the currency dearer. Why you should worry | Rupee still undervalued?
Interest-rate sensitive stocks suchas banking and realty today plunged up to 10%, after RBI raised lending rates in order to stem rupee volatility. The BSE realty index ended 5.84% lower at 1,457.29 and was the top loser among 13 sectoral indices.
The steps taken by the RBI to curb rupee volatility is a clear pointer that your EMIs are unlikely to come down when the central bank reviews monetary policy on July 30. Sachin Kumar
British bank Barclays has been hit by US federal regulators with a $453-million (344-million-euro) fine for alleged electricity price manipulation in western US markets, a charge which the scandal-hit bank denies.
Federal Reserve chairman Ben Bernanke said today the US central bank still expects to start scaling back its massive bond purchase programme later this year, but he left open the option of changing that plan if the economic outlook shifted.
The Reserve Bank of India managed to sell around Rs. 11,500 crore ( Rs. 11,482 crore) of government bonds of its targeted Rs. 15,000 crore on Friday showing that the panic in bond market has subsided.