Union Bank of India partners with NPCI for USSD-based m-banking
The Union Bank of India has partnered with the National Payments Corporation of India (NPCI), the umbrella body for all…
16 AUG 2016
Regulators
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Income Tax Dept to act tough against high value non-PAN deals
The Income Tax Department is all set to act on certain high-value non-PAN transactions that were reported to it under…
23 JUL 2016
Reserve Bank allows FIs to up stake in Axis Bank, IDFC Bank
The banking sector regulator Reserve Bank of India (RBI) has given its nod to foreign investors to raise their stakes…
19 JUL 2016
India Post bank ATMs may be allowed interoperability soon
India Post, which won licence to operate a payments bank last year, is likely to secure the Reserve Bank of…
12 JUL 2016
Raghuram Rajan says three-year term is short for RBI Governor
Outgoing Reserve Bank of India (RBI) Governor Raghuram Rajan has said that the central bank chief should have a tenure…
01 JUL 2016
UCO Bank hopes to return to profitability by next fiscal
Kolkata-based UCO Bank is pinning its hope on the next financial year to return to profitability as the lender posted…
30 JUN 2016
N S Vishwanathan appointed as RBI deputy governor
Union Government’s appointments committee has appointed N S Vishwanathan as a deputy governor of the Reserve Bank of India (RBI)…
29 JUN 2016
Andhra Bank mulls to raise capital
Andhra Bank is making concerted efforts to get shareholders’ nod to raise capital through qualified institutional placement/ follow-on public offer…
24 JUN 2016
Rs 1.80 lakh cr loans to be disbursed by banks under PMMY, says Sinha
Minister of State for Finance Jayant Sinha said that state-run banks are likely to disburse Rs 1.80 lakh crore loans…
23 JUN 2016
IDBI Bank approaches shareholders to raise capital
In order to raise Rs 8,000 crore through an equity offer, IDBI Bank has sought requisite approval from shareholders, the…
22 JUN 2016
