Banks can now take control of distressed firms
The Reserve Bank of India has notified that banks can convert existing debt into equity resulting in 51% or more…
09 JUN 2015
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Rana Kapoor reappointed Yes Bank MD & CEO
Rana Kapoor has been reappointed as the Managing Director & Chief Executive Officer of Yes Bank as shareholders approved the…
09 JUN 2015
Licences for small, payment banks likely in next two months
The Reserve Bank of India is planning to issue first set of licences for small and payment banks in the…
08 JUN 2015
Central Bank of India to raise Rs 5,000 crore tier-I capital in FY16
State-owned Central Bank of India will raise Rs.5,000-crore tier-I capital during 2015-16 by way of various modes, the bank informed BSE.…
05 JUN 2015
Aditya Birla Nuvo forms JV with South Africa’s MMI Holdings
Aditya Birla Nuvo Ltd (ABNL) entered a joint venture with MMI Holdings, a South African insurance based financial services group,…
05 JUN 2015
India Post account holders to get personalised debit cards
India’s leading cash management and payments solutions company, CMS Info Systems has signed a contract with the Department of Post…
04 JUN 2015
RBI cuts repo rate by 25 basis points; EMIs likely to dip
In a widely expected move, the Reserve Bank of India has slashed the policy interest rate or the repo rate…
02 JUN 2015
AIBEA calls for nationwide bank strike on 24th June
The All India Bank Employees Association (AIBEA) has called for a nationwide strike on 24 June in support of various…
01 JUN 2015
Reliance Capital elevates CEO Sam Ghosh to board
Reliance Capital, financial services arm Reliance Group, elevated CEO Soumen Ghosh (popularly known as Sam Ghosh) to its board. Ghosh…
01 JUN 2015
SBI rolls out Online Customer Acquisition Solution
The State Bank of India (SBI) has launched an Online Customer Acquisition Solution (OCAS), a platform to apply for Home…
01 JUN 2015
