E-commerce sites & banks need to integrate: RBI
Reserve Bank Deputy Governor H R Khan said there is a greater need for collaboration between banks and the e-commerce…
21 APR 2015
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Finance Ministry seeks list of wilful bank loan defaulters by month-end
The Finance Ministry has asked all public sector banks to submit a comprehensive data on wilful loan defaults by the…
20 APR 2015
Banks can now offer differential rates to fixed deposit holders
The Reserve Bank of India (RBI) has allowed banks to offer higher rates of interest to those who do not…
18 APR 2015
IDFC gets shareholders’ nod to launch bank
Infrastructure financing firm IDFC Ltd has received shareholders approval to its demerger scheme to set up a wholly-owned subsidiary IDFC…
13 APR 2015
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
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
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
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
