Zero tolerance policy on flouting KYC norms in the offing
The Reserve Bank of India (RBI) is likely to adopt a zero tolerance policy to violations of know your customer/anti-money…
09 MAR 2015
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Forex reserves hit new high at over $338 bn
Foreign exchange reserves rallied to a new life-time high at USD 338.079 billion, an increase of USD 3.886 billion in…
09 MAR 2015
RBI eases norms for home loans for up to Rs 10 lakh
The Reserve Bank of India (RBI) has eased the norms for home loans for up to Rs 10 lakh by…
09 MAR 2015
NPCI links 15 crore bank accounts with Aadhaar
National Payments Corporation of India (NPCI), a nodal agency for all retail payment systems under the Pradhan Mantri Jan Dhan…
09 MAR 2015
Ranjan Dhawan gets additional charge as MD of Bank of Baroda
The Government has given additional charge of Managing Director and CEO of Bank of Baroda (BoB) to Ranjan Dhawan, the…
02 MAR 2015
Bankers hail new fiscal roadmap in ‘pro-growth’ Budget
Appreciating the Budget 2015 as “pro-growth”, bankers have said the proposed fiscal roadmap by pushing back the 3 per cent…
02 MAR 2015
Budget 2015: Steps taken for banking and finance sector
Finance Minister Arun Jaitley presented the much anticipated Union Budget 2015 in Parliament. Appreciating the Budget, Prime Minister Narendra Modi…
28 FEB 2015
Bank unions, IBA agree on 15% hike in salaries
Nine bank unions and the Indian Bank Association (IBA) has signed a memorandum of understanding (MoU) on 15 per cent…
28 FEB 2015
Govt must adhere to 3% fiscal deficit target: Economic Survey
The Economic Survey 2014-15 has said that India must adhere to the medium-term fiscal deficit target of 3 percent of…
28 FEB 2015
Govt allows up to 26% FDI in insurance via automatic route
The government has allowed upto 26 per cent FDI in insurance companies through automatic route, as it notified rules to…
24 FEB 2015
