RBI issues operational guidelines for Payment, Small Finance Banks
The Reserve Bank of India came out with operating guidelines for differentiated banks, payments banks and small finance banks, being…
18 OCT 2016
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Utkarsh Micro Finance raises Rs 395 crore, adheres to RBI norm
Adhering to RBI’s norm pertaining to banking operations,small finance bank license holder Utkarsh Micro Finance has raised Rs 395 crore…
13 OCT 2016
RBI refers manned ATMs as branches
Despite having highest mobile banking penetration in Asia, Indians are still hugely dependent on ATMs and branches, says a Reserve…
12 OCT 2016
Canara Bank chosen as a partner for HEFA
The government has chosen Canara bank as the joint venture partner for the establishment of a Higher Education Financing Agency.…
12 OCT 2016
RBI issues operating guidelines for differentiated banks
The Reserve Bank of India (RBI) recently issued operative guidelines for payment banks and small finance banks (differentiated banks). These…
12 OCT 2016
Indian Bank revises its interest rates in FCNR (B) deposits
The Indian Bank has revised its rates in the foreign currency non-resident banking deposits. For the deposits in US Dollar,…
04 OCT 2016
Australia’s Commonwealth Bank to shut down Indian operations
Australia’s largest lender Commonwealth Bank, with $695 billion in assets is the latest banking foreign bank is closing its Indian…
27 SEP 2016
SBI’s associate banks soon to submit report on merger to RBI
Taking part in the amalgamation process within the SBI group, its associated banks are soon going to submit the scheme…
27 SEP 2016
Food procurement: Punjab govt wants banks to restructure Rs 21,000 cr debt
The Government of Punjab has asked the State Bank of India(SBI)-led consortium of banks to treat their outstanding loan of…
27 SEP 2016
Equitas pays high cost loans
Chennai based Equitas Holdings Ltd, recently granted small finance bank status by Reserve Bank of india, is in the process…
21 SEP 2016
