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BusinessToday.In
September 21, 2018
The strategy which the government has adopted is merging one weak bank with its stronger counterparts.  In this case, the weaker bank is Mumbai-based Dena Bank. The lender came under prompt corrective action of the RBI in May 2017 in view of high Net NPA and negative RoA (return on assets) and now faces restrictions on lending and several other bank operations.


Karan Dhar
September 17, 2018
PM Modi's cash-in-hand dropped by a whopping 67 per cent to Rs 48,944 as of March 31 this year from around Rs 1,50,000 in the previous year.


PTI
September 16, 2018
Besides, SEBI is expected to deliberate on a proposal on doing away with the requirement of one per cent security deposits for public issuance of debt securities.


PTI
September 9, 2018
According to Kochi-based Federal Bank, there are signs of a spurt in remittances already, with the banks remittance handling go up to Rs 1,000 crore per week last fortnight, as against the usual average of Rs 700-800 crore.


Rajeev Dubey
New Delhi, September 6, 2018
Shivinder Singh's petition against brother Malvinder and former Religare CEO Sunil Godhwani points at only the tip of the iceberg in the corporate mismanagement that led to the Singh brothers losing control of Fortis Healthcare and  Religare.


BusinessToday.In
September 5, 2018
Cash worth Rs 42,200 crore was deposited in 3.74 crore Jan Dhan accounts between November 8, 2016 - when Prime Minister Narendra Modi made his surprise note ban announcement - and December 30, 2016.


BusinessToday.In
New Delhi, September 3, 2018
Payments banks can only accept deposits of up to Rs 1 lakh per customer in a savings/current account.


Anand Adhikari
New Delhi, September 3, 2018
Zarin Daruwala is well on the path of de-risking the business model of one of the largest foreign banks in India.


BusinessToday.In
September 1, 2018
The India Post Payments Bank will deliver door-to-door banking services in rural and far-flung areas, said PM Modi while launching the initiative.


Prosenjit Datta
August 31, 2018
The problem is that two big objectives that the Prime Minister had touted in his late evening speech - about catching black money and weeding out fake notes - have been less than successful to say the least.


BusinessToday.In
New Delhi, August 30, 2018
Cash savings as a percentage of gross national disposable income (GNDI) surged to 2.8% in the last fiscal, according to preliminary data released by the apex bank.


BusinessToday.In
August 28, 2018
If the bank issues about $17 billion of new stock to back an acquisition, that would effectively dilute the Uday Kotak's holding below the RBI's 20 per cent target.


BusinessToday.In
August 28, 2018
As Kerala comes to terms with worst ever floods in nearly a century, the contribution to chief minister's distress relief fund (CMDRF) has clocked Rs 713.92 crore in just a fortnight.


PTI
August 27, 2018
As part of rationalisation post merger of six associate banks with itself, the country's largest lender SBI has changed names and IFSC codes of nearly 1,300 branches across the country.


BusinessToday.In
August 27, 2018
The Reserve Bank of India had allowed bank subsidiaries to provide commodity broking services in September last year, as the Securities and Exchange Board of India, the capital market regulator, tries to deepen the market.


PTI
New Delhi, August 21, 2018
IPPB will leverage reach of 1.55 lakh post office branches to provide banking and financial service to people in rural areas. This will create the country's largest banking network with direct presence at village level.


Money Today Team
New Delhi, August 20, 2018
Land Title  Disputes Come Under Insurance Cover


Rajeev Dubey & Joe C Mathew
New Delhi, August 20, 2018
How Malvinder and Shivinder Singh blew Rs 22,500 crore in less than a decade and lost control over Fortis Healthcare and Religare Enterprises.


BusinessToday.In
August 15, 2018
ICICI Bank staff will get an additional 1 per cent interest on domestic FDs below Rs 1 crore, the bank said in a statement. The new FD rates are valid for both general and senior citizens.


BusinessToday.In
August 8, 2018
Kalaignar in 2010 gifted his only residence at Gopalapuram in Chennai to Annai Anjugam Trust - named after his mother - to run a hospital for the poor after his and his wife's lifetime.


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