RBI issues draft guidelines on net stable funding ratio
The Reserve Bank of India (RBI) has released draft guidelines for implementation of net stable funding ratio (NSFR) under Basel…
01 JUN 2015
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HDFC Bank to stop paper slips at ATMs, to send SMSes
HDFC Bank has decided to stop issuing slips after cash withdrawals at ATMs. The bank will alert the customer about…
01 JUN 2015
Western Union renews its ties with India Post
Global money transfer major Western Union renewed its 14-year-old partnership with India Post. “As per the agreement, about 10,000 post…
27 MAY 2015
Indian Banks Association urges govt to lower rates on small savings scheme
The Indian Banks Association (IBA) has urged the Ministry of Finance to bring down interest rates on small savings schemes…
27 MAY 2015
Rajnish Kumar appointed as fourth MD of SBI
State Bank of India (SBI) said the government has appointed Rajnish Kumar as the fourth Managing Director. Kumar will look…
27 MAY 2015
Bank of China to open first Indian branch in Mumbai
Mumbai will very soon witness first Indian branch of the Bank of China. The security clearance has already been given…
25 MAY 2015
Small & payment banks may get RBI licences by year-end
The Reserve Bank is expecting to issue small and payment banks licences by year-end, central bank Deputy Governor SS Mundra…
25 MAY 2015
Muthoot Fincorp plans gold recycling centres across country
Kerala-based Muthoot Pappachen Group is planning to set up gold recycling centres across country. The group launched Muthoot Gold Point…
25 MAY 2015
ICICI launches voice password facility for transactions
The ICICI Bank has launched a voice-based password facility for users, enabling customers to make transactions using their voice, without using…
25 MAY 2015
Lower interest rates can boost investments: Rajan
RBI Governor Raghuram Rajan expressed his concern over central banks globally pushed into “competitive monetary easing”. Rajan said lower interest…
20 MAY 2015
