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
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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
RBI wants non-bank finance companies to seek prior nod before any takeover
Tightening its grip on non-banking finance companies (NBFCs), the Reserve Bank of India (RBI) has proposed to regulate the change…
31 MAR 2015
Tiger Global Management Sells 3.4% in Justdial
Tiger Global Management sold a 3.4% stake in classifieds website Justdial for Rs 300 crore, according to NSE bulk deal…
31 MAR 2015
SBI gets approval to divest 10% stake in SBI Life Insurance
The State Bank of India (SBI) is planning to divest up to 10 per cent stake in its life insurance…
31 MAR 2015
Advancing financial inclusion: Global view on funders’ commitments
A robust and strong financial system is an essential pillar of sustainable development, economic growth, and progress of an economy.…
30 MAR 2015
Oxigen eyes raising up to $200mn to fund expansion drive
As the part of its major expansion drive, payment solutions provider Oxigen is planning to ramp up payment network across…
30 MAR 2015
