Bank of China to open first Indian branch in Mumbai
Mumbai will very soon witness first Indian branch of the Bank of China. The security clearance has already been given…
25 MAY 2015
RBI
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Small & payment banks may get RBI licences by year-end
The Reserve Bank is expecting to issue small and payment banks licences by year-end, central bank Deputy Governor SS Mundra…
25 MAY 2015
RBI plans IT wing to tackle cyber threats
The Reserve Bank is planning to set up an information technology wing to deal with cyber threats. “We have to…
18 MAY 2015
Second-factor authentication not needed for small transactions: RBI
The Reserve Bank of India reportedly said that banks can allow contactless card transactions upto Rs 2,000 without PIN authentication.…
16 MAY 2015
PMO to review steps to check loan frauds
The Prime Minister’s Office (PMO) has called a meeting of Finance Ministry officials on Thursday to review steps to tackle…
11 MAY 2015
Jaitley moves amendments to delete PDMA provisions in finance bill
Finance minister Arun Jaitley moved amendments to the finance bill 2015, deleting the provision on setting up an independent public…
30 APR 2015
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
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
