Rupee sinks below 83 against dollar for first time

Rupee sinks below 83 against dollar for first time

The rupee has fallen below the 83 per US dollar mark for the first time and risks prevail for a furt..

Govt seeks waiver from Sebi in key norm for IDBI Bank stake sale

Govt seeks waiver from Sebi in key norm for IDBI Bank stake sale

In order to make the IDBI Bank purchase attractive, the Indian government is in talks with market re..

Bank of Maharashtra Q2 net doubles to Rs 535 cr

Bank of Maharashtra Q2 net doubles to Rs 535 cr

State-owned Bank of Maharashtra reported a 103% year on year rise in net profit to Rs 535 crore for ..

HDFC Bank-HDFC merger may end ahead of schedule: CFO

HDFC Bank-HDFC merger may end ahead of schedule: CFO

The merger of HDFC Ltd with HDFC Bank may be completed ahead of the indicated deadline by one or two..

HDFC Bank Q2 net up 20% to Rs 10,606 cr

HDFC Bank Q2 net up 20% to Rs 10,606 cr

HDFC Bank has reported a 20% year-on-year jump in its net profit for the fiscal second quarter ended..

Fight against inflation will be dogged and prolonged: RBI article

Fight against inflation will be dogged and prolonged: RBI article

The fight against inflation will be dogged and prolonged, given the long and variable lags with whic..

SC issues notice on Swamy’s plea for probe into role of RBI officials in bank scams

SC issues notice on Swamy’s plea for probe into role of RBI officials in bank scams

The Supreme Court on Monday agreed to examine BJP leader Dr. Subramanian Swamy's plea seeking a prob..

Bank of Maharashtra cuts home loan rates to 8%

Bank of Maharashtra cuts home loan rates to 8%

Pune-headquartered Bank of Maharashtra has bucked the trend to cut home loan interest rates while pe..

SBI raises deposit rates by up to 20 bps

SBI raises deposit rates by up to 20 bps

State Bank of India (SBI) has hiked fixed deposit interest rates by up to 20 basis points.The countr..

Inflation climbs to 7.41% in Sept, rate hike certain

Inflation climbs to 7.41% in Sept, rate hike certain

India’s retail inflation has surged to 7.41% in September, making it certain that the Reserve Bank w..

RBI cancels licence of Seva Vikas Co-operative Bank

RBI cancels licence of Seva Vikas Co-operative Bank

The Reserve Bank of India (RBI) has cancelled the licence of Pune-based Seva Vikas Co-operative Bank..

SBI’s home loan book crosses Rs 6 trillion

SBI’s home loan book crosses Rs 6 trillion

State Bank of India’s home loan book has crossed the Rs 6 trillion mark, adding one trillion since J..

RBI widens role of ARCs, raises minimum capital requirement

RBI widens role of ARCs, raises minimum capital requirement

The Reserve Bank of India (RBI) has raised the minimum capital requirement for asset reconstruction ..

RBI modifies norms for banks to manage foreign currency exposure

RBI modifies norms for banks to manage foreign currency exposure

With the rupee weakening against the dollar, the Reserve Bank of India (RBI) tweaked guidelines for ..

IDBI Bank sale process likely to conclude by Sept

IDBI Bank sale process likely to conclude by Sept

The government expects the sale process of IDBI Bank to conclude by September next year.The financia..