IFC emerges as top contender to buy IDBI stake
International Finance Corporation (IFC)— private sector lending arm of the World Bank has become the top contender to buy around 15…
13 JUN 2016
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SBI, CaixaBank sign MoU to fund Indo-Spanish JVs
Country’s largest lender— State Bank of India (SBI) and Spain’s CaixaBank have signed an agreement to provide financial support to…
10 JUN 2016
PSU banks need Rs 1.2 lakh-cr infusion from Govt, says Moody’s analysis
Moody’s Investors Service on Friday said that in order to strengthen balancesheets of public sector banks, Government will have to…
10 JUN 2016
Not upset over withdrawal of Payments Bank licences, says Rajan
Days after three entities decided to back out of the Payments Bank licencing, RBI Governor Raghuram Rajan on Tuesday said…
07 JUN 2016
DBS Bank India registers profit
Singapore based DBS Bank Group’s Indian arm on Monday announced a net profit of Rs 8.6 crore for 2015-16 fiscal…
07 JUN 2016
Banks shouldn’t have majority ownership in stressed asset funds: RBI
Reserve Bank of India (RBI) governor Raghuram Rajan on Tuesday said that banks should not have majority ownership in any…
07 JUN 2016
SBI merger with associates to be cleared soon, assures Jaitely
Finance Minister Arun Jaitley said on Monday that decision on State Bank of India’s (SBI) proposal of merging five subsidiaries…
07 JUN 2016
SBI possesses largest PoS network in India
Reserve Bank of India’s (RBI) latest data has brought cheers to country’s largest lender— State Bank of India (SBI) which…
31 MAY 2016
Department of Posts’ payments bank to have Rs 800 cr corpus
Minister for Communications and I&PR Ravi Shankar Prasad on Monday said the upcoming payments bank of the Department of Posts will have…
31 MAY 2016
Tech Mahindra third of 11 entities to drop payments bank idea
With three of the 11 firms, which were granted licences by the Reserve Bank of India to launch payments bank,…
25 MAY 2016
