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Banks' deposit, loan structure have become wholesale: RBI

Rural penetration of branches have fallen over the years

India needs 4-5 equally large banks: D Subbarao

Subbarao says paper on banking structure being readied; also stresses view that RBI must regulate banks & non-banking entities

IDBI Bank to auction four Deccan Chronicle titles

IDBI Bank stated it would transfer the titles of Deccan Chronicle, Andhra Bhoomi, The Asian Age and Financial Chronicle to the highest bidder

Hindalco net up on other income, sales drop

Lower metal prices led to a year-on-year drop in the company's sales

M&M plans Rs 10,000-cr investment, net rises

The fall in its passenger vehicle's sales was made up by a buoyant demand for tractors

Assam to boost performance of state PSUs

The state govt has signed service agreements with four institutional service providers

Shriram EPC exits Jayajothi Cements

The transaction proceeds will be used towards debt reduction in line with Shriram EPC's goal of improving its financial profile and strengthening core biz

Somaiya moves CVC against NSEL promoters

Asks CVC to probe SNEL for ceating, fraud, forgery with 17,000 small farmers, small investors

Nifty, Sensex levels a mirage: CRISIL

Crisil says index holding to 5-year highs due to change in composition

SC frowns on Sahara's claim on refunds

Group claims bulk of Rs 24,000 crore has already been refunded; next hearing on August 26

Push defaulting cos to change mgmt, govt tells banks

IDBI Bank increases interest rates

The revised interest rates would be effective August 16

Parties join hands to thwart SC order on convicted MPs

Govt to soon move an amendment to the Representation of the People Act, which will enable it to overturn the apex court order

CAG says Rlys following defective budgeting procedures

IR was further criticized for failing to 'address the observations of the Ministry of Finance

11th Niyamgiri gram sabha says 'no' to mining

Ten palli sabhas-five in Kalahandi and five in Rayagada districts had earlier rejected the proposal

Harvard Law School professor Ashish Nanda appointed IIM-A director

Harvard Law School professor to take charge of B-School on September 2

Samsung's phones, tabs to get an Indian touch

All Galaxy devices to support interface in nine local languages

SP, BSP bail Cong out on Vadra

Issue, along with Telangana and Kishtwar violence, dominates both Houses; forces two adjournments

PE firm Abraaj, UK's CDC infuse Rs 100 cr in Rainbow Hospitals

Rainbow now has six hospitals and plans to expand to Kurnool, Visakhapatnam, Bangalore, Chennai and Pune in the next 5 yrs

'Banks to cover entire AP villages in one year'

In the first phase, RBI had asked banks to provide access to basic financial services to all households by opening savings accounts in villages having over 2,000 population