Viral V Acharya named as the new RBI Deputy Governor
In a recent move, the central Government today appointed Viral V Acharya as the new Deputy Governor of Reserve Bank…
28 DEC 2016
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SBI gets old notes worth Rs 38,677 in just two days
The State Bank of India (SBI), India’s largest public sector lender, collected Rs 38,677 crore in deposits and exchanged old…
12 NOV 2016
India scraps Rs 500 and Rs 1,000 currency notes in historic move
In a bid to fight back counterfeit currency, black money and terrorism, the Government of India in a historic announcement on…
09 NOV 2016
PNB housing bags Sebi’s approval for Rs 2500 crore IPO
India’s leading housing firm PNB has received a nod from capital markets regulator Sebi’s to raise Rs 2,500 crore through…
13 OCT 2016
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
RBL Bank buys 10 per cent stake in Utkarsh Micro Finance
The RBL Bank has bought 9.99 per cent stake of Utkarsh Micro Finance for an undisclosed sum. The move has…
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
