Japan’s Sumitomo Mitsui acquires 2.8 % stake in Reliance Capital
Reliance Capital, the Anil Ambani-led financial company, has sold a 2.8 per cent stake to Japan’s Sumitomo Mitsui Trust Bank…
29 DEC 2014
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Credit card spending hits 3-year high
The latest data from the Reserve Bank of India (RBI) says that the growth in credit spends is at a…
29 DEC 2014
RBI redefines ‘non-cooperative’ borrower
To tighten grip on errant borrowers, the Reserve Bank of India (RBI) has come up with a set of revised…
23 DEC 2014
Himachal cooperative gets bank status
The Himachal Pradesh State Cooperative Bank (HPSCB) has been accorded the status of a commercial bank, as it earned the…
22 DEC 2014
Japan banks to bulk up India presence
Japan’s largest banks are planning to increase their presence in India, buoyed by Prime Minister Narendra Modi’s reform agenda and…
19 DEC 2014
HDFC launches branch banking on mobile
As part of its ‘Go Digital campaign’ that attempts to turn a smartphone into a bank branch, HDFC Bank launched…
19 DEC 2014
Insurance Bill: Panel for hiking FDI cap to 49%
The Parliamentary Select Committee has endorsed most provisions of the Insurance Amendment Bill, including a composite cap of 49 per…
17 DEC 2014
IRDA bats for ‘Jan Bima Yojna’ for insurance
Government should launch a ‘Jan Bima Yojna’ on the lines of a similar programme launched for banking, says Insurance Regulatory and…
17 DEC 2014
Premium growth slows to 9% in Oct, Nov
The incremental premium income of the Rs 80,000-crore general insurance industry has come down to single-digits in both October and…
17 DEC 2014
India allows state-run banks to sell shares for capital boost
The state-run banks have been allowed to raise as much as 1.6 trillion rupees ($26 billion) from share sales to…
11 DEC 2014
