RBI issues new norms for branch expansion
In a bid to promote financial inclusion, the Reserve Bank of India (RBI) has allowed the opening of mini branches…
18 MAY 2017
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Union Bank records 12.5 % net profit rise in Jan-March
Robust growth in non-interest income and reversal in tax provisions helped the Union Bank of India to record a 12.5…
09 MAY 2017
SBI slashes home loan rates in affordable housing push
The State Bank of India (SBI) has cut rates on home loans of up to Rs30 lakh by 25 basis…
09 MAY 2017
Maharashtra credit society under I-T scanner for laundering
A MULTI-STATE urban co-operative credit society has come under the scanner of the Income Tax department after a probe found…
24 APR 2017
Au Small Finance Bank Ltd starts its operations
Jaipur-based Au Small Finance Bank Limited has started its operations as a small finance bank. “Au Small Finance Bank…
19 APR 2017
RBI directs banks to review telecom sector loans
Showing its concern over the tensed financial conditions in the telecom sector, the Reserve Bank of India (RBI) has directed…
19 APR 2017
RBI strengthens rules for regulatory action in banks
The Reserve Bank of India (RBI) has strengthened the rules that prompt regulatory action on lenders when they fall short…
14 APR 2017
IFSC banking units gets boost from RBI
In a bid to enhance the activities in international financial services centres (IFSCs), the Reserve Bank of India (RBI) has…
13 APR 2017
Amazon gets license to launch e-wallet in India
Amazon India has received the final nod from the Reserve Bank of India’s (RBI) to launch its own digital wallet…
12 APR 2017
NEFT transfer to get quick, RBI reduces clearance time
The Reserve Bank of India (RBI) has decided to cut down the clearance time for National Electronic Funds Transfer (NEFT)…
08 APR 2017
