RBI modifies circular on AIF investments by regulated entities

RBI modifies circular on AIF investments by regulated entities

The Reserve Bank of India (RBI) has modified its circular on regulated entities’ (RE) investments in..

Central Bank of India CEO MV Rao named IBA chairman

Central Bank of India CEO MV Rao named IBA chairman

Central Bank of India managing director and chief executive officer MV Rao has been elected as the c..

17% wage hike for bank employees; 5-day work week awaits govt nod

17% wage hike for bank employees; 5-day work week awaits govt nod

Public sector banks will have to bear the burden of an additional yearly outgo of around Rs 8,284 cr..

Interest rates on small savings schemes remains unchanged

Interest rates on small savings schemes remains unchanged

The government has left the interest rates unchanged on various small savings schemes for the first ..

UCO Bank IMPS scam: CBI conducts raids in 7 cities

UCO Bank IMPS scam: CBI conducts raids in 7 cities

The CBI has conducted searches at 67 locations in seven cities of Rajasthan and Maharashtra in conne..

Fairfax India commits $200 mn to IIFL Finance

Fairfax India commits $200 mn to IIFL Finance

IIFL Finance, which was barred by the Reserve Bank of India (RBI) from disbursing gold loans, has fo..

RBI bars JM Financial from financing against shares, debentures

RBI bars JM Financial from financing against shares, debentures

The Reserve bank of India (RBI) has barred JM Financial Products from advancing loans against shares..

Union Bank of India plans to raise Rs 3,000 crore via QIP

Union Bank of India plans to raise Rs 3,000 crore via QIP

Union Bank of India on Tuesday approved plans to raise Rs 3,000 crore through a qualified institutio..

Canara Bank raises Rs 2,000 crore via bonds

Canara Bank raises Rs 2,000 crore via bonds

Canara Bank has raised Rs 2,000 crore by issuing bonds to fund business growth.The fund has been rai..

RBI Governor rules out review of action against Paytm Payments Bank

RBI Governor rules out review of action against Paytm Payments Bank

Ruling out any review of the central bank’s action against Paytm Payments Bank, the Reserve Bank of ..

Retail inflation eases to 5.1% in January

Retail inflation eases to 5.1% in January

Retail inflation cooled to a three-month low of 5.1% in January amid lower food prices.Inflation bas..

RBI raises wage cap for non-executive directors of banks to Rs 30 lakh

RBI raises wage cap for non-executive directors of banks to Rs 30 lakh

The Reserve Bank of India (RBI) has lifted the ceiling on remuneration of non-executive directors in..

Lenders to disclose more loan details to retail, MSME borrowers

Lenders to disclose more loan details to retail, MSME borrowers

Consumers will get to know their actual cost of borrowing with the Reserve Bank of India (RBI) set t..

HDFC Bank raises MCLR

HDFC Bank raises MCLR

HDFC Bank has revised its marginal cost of funds-based lending rate (MCLR), with effect from 7 Febru..

Jana Small Finance Bank raises Rs 167 crore from anchor investors

Jana Small Finance Bank raises Rs 167 crore from anchor investors

Jana Small Finance Bank has raised Rs 166.95 crore from anchor investors, a day ahead of its IPO ope..