Thiruvananthapuram
C
Alappuzha
Ernakulam
Idukki
Kannur
Kasaragod
Kollam
Kottayam
Kozhikode
Malappuram
Palakkad
Pathanamthitta
Thiruvananthapuram
Thrissur
Wayanad
Thursday, January 24, 2019

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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. ...

PNB launches special card for Kumbh Mela

State-owned Punjab National Bank (PNB) has launched a special card for Kumbh Mela 2019. The bank has partnered with the Uttar Pradesh government to c...

Govt to infuse Rs 83,000 cr in PSBs in next few months

Finance Minister Arun Jaitley said the government will infuse Rs 83,000 crore in public sector banks in the next few months of the current fiscal. Ea...

Govt tussle with RBI could undermine financial stability: S&P

Terming the exit of Urjit Patel as credit negative, S&P Global Ratings said the increasing involvement of the government in the affairs of the RB...

RBI reserve should be used to fix financial system: Arvind Subramanian

The Reserve Bank is adequately capitalised, but the money should be used for fixing the financial system, not for financial deficit or financing gove...

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...