Thiruvananthapuram
C
Alappuzha
Ernakulam
Idukki
Kannur
Kasaragod
Kollam
Kottayam
Kozhikode
Malappuram
Palakkad
Pathanamthitta
Thiruvananthapuram
Thrissur
Wayanad
Tuesday, December 11, 2018

banking

RBI slaps Rs 1 cr fine on Indian Bank for violating cyber security norms

The Reserve Bank of India said it has imposed a fine of Rs 1 crore on Indian Bank for violating cyber security norms. The RBI has imposed, by an orde...

Urjit Patel resigns as RBI Governor

Reserve Bank Governor Urjit Patel unexpectedly resigned on Monday, four days ahead of a crucial meeting of the board of the central bank that could h...

RBI leaves key interest rate unchanged

The Reserve Bank of India left the repo rate unchanged while maintaining the stance of 'calibrated tightening' of policy. The key rate remains unchan...

IOB plans to raise up to Rs 300 cr bonds

Public sector lender Indian Overseas Bank (IOB) said its board has approved raising up to Rs 300 crore on a private placement basis through globally ...

SBI raises deposit rates by up to 10 bps

The country's largest lender State Bank of India increased the fixed deposit rates by up to 10 basis points or 0.10 per cent to 6.80 per cent on sele...

RBI Governor Urjit Patel appears before parliamentary panel

RBI Governor Urjit Patel appeared before a parliamentary panel to brief on demonetisation and NPA situation in the public sector banks, among other i...

RBI may hold the rates baton till March: Report

The Reserve Bank will hold the rates for the remainder of the fiscal year ending March 2019 and is likely to go for 'measured hikes' in FY20 as infla...

RBI board's decisions to be positive for economy: Uday Kotak

Veteran banker, Uday Kotak, welcomed the decisions taken at the Reserve Bank of India's recent board meeting, and said the outcomes will be positive ...

RBI trains 11,000 bank officers on MSME credit

While a debate is going on whether the RBI should do more to ease credit to MSMEs, banking officials said the central bank has provided special train...

Ashok Chawla resigns as Yes Bank chairman

Former bureaucrat Ashok Chawla resigned as non-executive chairman of Yes Bank, the private sector bank said.According to sources, Ashok offered to qu...

RBI, govt trying to reach common ground on some key issues

The government and Reserve Bank seem to be veering around to reach an agreeable solution particulary with respect of relaxation of the Prompt Correct...

Indian norms on PCA, capital are conservative: SBI report

Indian regulations on capital requirements, provisioning for sour assets and prompt corrective action (PCA) restricting regular activities by lenders...

Indian Bank raises Rs 110 cr through bond

Indian Bank said that it has raised Rs 110 crore through bonds. The Basel III Compliant Tier 2 bonds, with a coupon rate of 8.85 per cent per annum, ...

Govt to continue pressing RBI for relaxing norms, funds

Keeping up the heat on the RBI, the government will continue to press the central bank to relax norms to boost lending and transfer at least a third ...

SBI net profit slips 69% to Rs 576 cr in Q2

Country's largest lender SBI reported 69 per cent decline in consolidated net profit to Rs 576.46 crore in the second quarter ended September 30. The...

SBI puts up 11 NPA a/cs for sale

SBI has put up 11 non-performing assets (NPAs) for sale to ARCs and financial companies to recover dues of nearly Rs 1,019 crore. The country's larg...

PNB posts Rs 4,532 cr loss in September quarter

Fraud-hit Punjab National Bank posted a staggering loss of Rs 4,532.35 crore for the second quarter ended September 30, 2018 on rising bad loans. The...

RBI autonomy is essential, says govt

The government said the RBI's autonomy is "essential" and will be "nurtured", as it sought to calm investors worried by the central bank reportedly b...

RBI employees association seek central bank's autonomy

All India Reserve Bank Employees Association (AIRBEA) expressed concern over the recent statements made by deputy governor Viral Acharya and sought a...

Yes Bank shares crack 15% after Q2 results

Shares of Yes Bank on Friday cracked 15 per cent after the company reported a decline of 3.8 per cent in net profit for the second quarter ended Sept...

RBI likely to stay on hold for rest of FY'19 : Report

The Reserve Bank of India is expected to keep key policy rates unchanged in the remaining 2018-19 fiscal as inflation may stay 'benign' in the range ...

RBI announces more steps to increase credit flow to NBFCs

The Reserve Bank announced more measures to increase liquidity flows to the non-banking financial companies. The RBI permitted banks to use governme...

RBI approves Sandeep Bakshi's appointment as ICICI Bank MD, CEO

ICICI Bank said the RBI has approved Sandeep Bakshi’s appointment as Managing Director and CEO of the bank for three years.After resignation of...

Chanda Kochhar quits ICICI Bank

ICICI Bank Managing Director Chanda Kochhar has resigned from the bank with immediate effect. The board of the bank has accepted the request of Chand...

SBI halves daily ATM withdrawal limit to Rs 20,000

State Bank of India (SBI), the nation's largest lender, has slashed the daily withdrawal limit from ATMs to half from Rs 40,000 to check fraudulent t...

SBI vows to become plastic free organisation in a year

State Bank of India (SBI) on the occasion of Mahatma Gandhi's birth anniversary pledged to become a plastic-free organisation in the next 12 months a...

RBI bars Bandhan Bank from opening new branches

The Reserve Bank has restrained Bandhan Bank from opening new branches and also ordered freezing of remuneration of its CEO Chandra Shekhar Ghosh for...

RBI eases cash reserve rules to ease liquidity

The Reserve Bank of India allowed banks to dip further into statutory cash reserves in a bid to ease a liquidity squeeze afflicting the nation's mone...

Jaitley asks PSU banks to take effective action against wilful defaults

Finance Minister Arun Jaitley asked public sector banks to take "effective action" in cases of fraud and wilful loan defaults. Reviewing the performa...