Govet surplus cash balance reckoned for auction stands at Rs 75,457 cr
The government’s surplus cash bank balance reckoned for auction with Reserve Bank of India (RBI) stands at 754.57 billion rupees…
08 APR 2015
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Govt raises stake in state-owned IFCI to 51%
The government has increased its stake in the infrastructure financing firm ICFI Ltd to 51.04 per cent. Government has acquired…
08 APR 2015
RuPay cards of all PSBs now e-commerce enabled
The National Payments Corporation of India (NPCI) has completed system integrations to enable e-commerce transactions through RuPay cards of the…
08 APR 2015
PM Modi launches Mudra bank under Pradhan Mantri Jan Dhan Yojana
Prime Minister Narendra Modi launched Micro Units Development and Refinance Agency (Mudra Bank) under the Pradhan Mantri Jan Dhan Yojana.…
08 APR 2015
Concrete targets for financial inclusion are needed: PM
Prime Minister Narendra Modi urged the Reserve Bank of India (RBI) to encourage financial institutions to set concrete targets for…
06 APR 2015
Jaitley announces some concessions, tax on mutual fund from July 10
The government announced some concessions for mutual fund industry and income tax payers. The high tax rate of 20 per…
06 APR 2015
RBI imposes Rs 5 lakh fine on 16 banks for violation of norms
The Reserve Bank has imposed a fine of Rs 5 lakh each on 16 central cooperative banks for non-adherence of…
01 APR 2015
RBI adopts Basel III standards for capital, liquidity
The Reserve Bank of India (RBI) has announced amendments to regulations on capital adequacy and liquidity for lenders operating in…
01 APR 2015
Kotak Mahindra-ING Vysya merger gets RBI approval
The Reserve Bank of India (RBI) has given the green signal to the merger deal between Kotak Mahindra Bank and…
01 APR 2015
ICICI gets equity capital repatriation from foreign units
ICICI Bank has repatriated excess funds from its two overseas subsidiaries as part of capital optimisation and return on equity…
31 MAR 2015
