Why charge customers for using ATM, HC asks RBI
The Delhi High Court has issued notice to the Reserve Bank of India (RBI) on a plea against RBI’s decision…
30 DEC 2014
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Jan Dhan Yojana meets 10-crore accounts target
Banks have achieved the target set by the government to open 10 crore accounts under the Pradhan Mantri Jan Dhan…
30 DEC 2014
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
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
