30 lakh bank accounts opened under PMJDY in Odisha
Banks have opened 2.95 million accounts in Odisha since the launch of Pradhan Mantri Jan Dhan Yojana (PMJDY) on 28…
11 DEC 2014
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RBI allows banks to lend up to Rs 10 lakh against infra bonds
In its latest move, the Reserve Bank of India has allowed banks to extend loans up to Rs 10 lakh…
29 NOV 2014
RBI issues notice against fake credit cards
The Reserve Bank of India has recently found out that fraudsters are issuing fake credit cards under its name to…
24 NOV 2014
Deutsche Bank to renew focus on Indian retail operations
In a recent interview, Ravneet Gill, Chief Executive Officer, Deutsche Bank India told financial daily Live Mint, the Bank will…
24 NOV 2014
Companies borrowing overseas can park funds in India: RBI
In a significant move, the Reserve Bank of India (RBI) has allowed companies borrowing overseas to park the funds as…
24 NOV 2014
Jan Dhan life cover to cost Rs 90
Beneficiaries under the Prime Minister’s Jan Dhan Yojana will have to shell out Rs 90 to avail the benefit of…
18 NOV 2014
Rural banks can appoint NBFCs as Business Correspondents
The Reserve Bank of India has modified the eligibility criteria for individuals and entities to be appointed as Business Correspondents…
18 NOV 2014
Stricter norms unsuccessful at tackling ‘shadow banking’
Despite RBI tightening the noose around shadow banks with stricter rules, little has been done to tackle the complex problem…
13 NOV 2014
Financial sector to spend Rs 469 bn on IT in 2014: Gartner
Indian banking and securities companies will spend Rs 469 billion on IT products and services in 2014, an increase of…
13 NOV 2014
