Thiruvananthapuram
C
Alappuzha
Ernakulam
Idukki
Kannur
Kasaragod
Kollam
Kottayam
Kozhikode
Malappuram
Palakkad
Pathanamthitta
Thiruvananthapuram
Thrissur
Wayanad
Tuesday, February 19, 2019

banking

RBI to pay Rs 28,000 cr as interim dividend to govt

The Reserve Bank will pay an interim dividend of Rs 28,000 crore to the government, a move that will help the Centre keep fiscal deficit in check.The...

India needs fewer and mega banks: Jaitley

Finance Minister Arun Jaitley said India needs fewer and mega banks to achieve economies of scale in the sector. After the amalgamation of five assoc...

Indian Bank revises interest rates on term deposits

Public sector Indian Bank has revised interest rates on domestic term deposits with immediate effect.Indian Bank announced upward revision in interes...

Edelweiss, Bank of Singapore sign MoU for strategic partnership

Edelweiss Group said it has signed a memorandum of understanding (MoU) with Bank of Singapore to form a strategic partnership to provide clients of b...

Yes Bank shares zoom 30%; m-cap rises by Rs 8,590 cr

Shares of Yes Bank zoomed 30 per cent in morning trade on Thursday after the company said that the RBI has not found any divergence in the asset clas...

SBI, Oriental Bank put on sale stressed accounts to recover dues of Rs 5,740 cr

State-owned State Bank of India (SBI) and Oriental Bank of Commerce (OBC) have put on sale various financial accounts to recover dues of around Rs 5,...

RBI cuts key interest rate by 0.25%

The Reserve Bank of India cut benchmark interest rate by 0.25 per cent to 6.25 per cent on expectation of inflation staying within its target range, ...

Other banks to be out of PCA framework soon: Minister

A day after three PSU banks were removed from Prompt Corrective Action (PCA) framework of the RBI, Finance Minister Piyush Goyal expressed hope that ...

Chanda Kochhar denies guilt after ICICI Bank fires her with retrospective effect

Ten months after giving clean chit to Chief Executive Chanda Kochhar over the Videocon loan, ICICI Bank sacked her on Wednesday with retrospective ef...

ICICI Bank Q3 profit down 3% at Rs 1,605 cr

Country's largest private sector lender ICICI Bank reported 2.7 per cent decline in standalone net profit to Rs 1,604.91 crore for the third quarter ...

ICICI Bank case: CBI transfers investigating officer

  The CBI has transferred the investigating officer in the ICICI Bank case as its 'discreet inquiry' suggested his role in leaking information re...

Lenders considering resolution plan for Jet Airways: SBI

State Bank of India (SBI) said lenders are considering a resolution plan for Jet Airways to ensure long-term viability of the debt-laden company. Th...

Govt to infuse Rs 6,000 cr in Exim Bank over two years

The government decided to recapitalise state-owned Exim Bank to the tune of Rs 6,000 crore and double its authorised capital to Rs 20,000 crore. The ...

Union Cabinet approves capital infusion in Exim Bank

The Union Cabinet approved fund infusion in Export-Import Bank of India (Exim Bank), sources said. The infusion would help the bank expand its busine...

PNB MetLife, ESAF Bank enter into strategic partnership

PNB MetLife and Kerala-based ESAF Small Finance Bank have entered into a strategic partnership to provide customers an expanded financial services su...

Sri Lanka's Central Bank gets USD 400 mn swap from RBI

Sri Lanka's Central Bank said that the Reserve Bank of India (RBI) has agreed to provide USD 400 million under a swap arrangement to boost the island...

RBI sets up panel under Nandan Nilekani to boost digital payments

The Reserve Bank of India constituted a high-level committee under Aadhaar architect Nandan Nilekani to suggest measures to strengthen the safety and...

Jalan panel holds 1st meeting to examine reserve size of RBI

A high-level panel led by former RBI governor Bimal Jalan on Tuesday held its first meeting to decide on an appropriate size of reserves that the cen...

Will take steps if there is liquidity shortage: RBI Governor

Reserve Bank Governor Shaktikanta Das said the central bank will take steps if there is a liquidity shortage in the economy, though currently liquidi...

Dry ATMs: Parliamentary panel nudges RBI to fix the problem

A parliamentary panel has asked the Reserve Bank to address the problem of perpetually dysfunctional ATMs so as to avoid any situation of forced cash...

No job losses due to merger of public sector banks: Minister

Finance Minister Arun Jaitley on Friday said in Lok Sabha that there would be no loss of jobs due to merger of public sector banks. Earlier, the Cabi...

Cabinet clears merger of Dena Bank, Vijaya Bank with BoB

The government approved the merger of Dena Bank and Vijaya Bank with Bank of Baroda (BoB) to make it a globally competitive lender. With the merger, ...

HDFC raises lending rates by 0.1%

Mortgage lender HDFC increased its retail prime lending rate (RPLR) by 10 basis points (bps), making housing loans costlier for new borrowers.The new...

Excess money kept by RBI a raid on the economy: BJP MP

Amid the controversy over how much capital the Reserve Bank should keep as its reserves, a BJP MP said by holding on to the excess money, it is resor...

Over 6,000 officers of PSBs held responsible for bad loans in FY 2017-18: Jaitley

The government said action has been taken against more than 6,000 officers of nationalised banks last fiscal in cases of lapses that led to bad loans...

RBI launches survey to capture retail payment habits in 6 cities

The Reserve Bank of India (RBI) will capture payment habits of individuals in six cities, including four metropolitan towns. For the purpose, the cen...

Banking services impacted due to strike

Operations at branches of public sector banks across the country were impacted on Wednesday due to a strike by unions against the proposed merger of ...

P.V Bharathi appointed MD and CEO of Corporation Bank

P.V Bharathi has been appointed as managing director and chief executive officer of the Corporation Bank, according to an order issued by the Personn...

RBI to soon release new Rs 20 note

The Reserve Bank of India (RBI) will soon introduce a new Rs 20 currency note with additional features, according to a document of the central bank. ...