Page 1082 - Finance News

Rupee sinks below 66, RBI assures street of using forex reserves

Rupee plunged below the Rs 66 level against the dollar for the first time in almost two years

Rajan reassures markets as China woes spread like wildfire

India has $380 billion in forex reserves and will be used as and when the need arises, says Rajan

Low inflation, not public pleading, should drive rate cuts: Raghuram Rajan

Rate cuts should not be seen as goodies that the RBI gives out, he said

Low inflation, not public pleading, should drive rate cuts: RBI chief Raghuram Rajan

Rajan's comments come as corporate executives and Finance Minister Arun Jaitley is stepping up pressure on the RBI to cut rates as the economy struggles and price rises slow

Bandhan sets 12% base rate

At inception, the bank's capital base is Rs 2,570 crore, against the regulatory requirement of Rs 500 crore

HDFC Bank not interested in Ahmedabad IFC presence

Aditya Puri-led bank feels its presence in global IFCs like Dubai, Bahrain and Hong Kong is enough to take care of its overseas business

SBI takes Harvard lessons for staff appraisal

Apart from 40 modules of Harvard, SBI has internally developed 500 e-modules for employees

Challenging times for the banking sector: HR Khan

Credit growth of banks, which was close to 15% in March 2014, came down to less than 10% in March 2015

EPFO's equity investment depends on performance: Bandaru Dattatreya

Says by the end of the current year, EPFO will invest up to Rs 5,000 crore

Arun Jaitley inaugurates Bandhan Bank in Kolkata

Bandhan got RBI's approval last year to start commercial banking operations

Challenging times for banking sector: RBI

Deputy governor H R Khan says return on equity and assets were falling while bad loans were rising

Bandhan Bank to fund SMEs, create jobs: Jaitley

Bandhan Bank today launched its operations with 501 branches in the country

RBI likely to go for 25 bps cut in September: HSBC

While rains remain 10% below normal, their impact so far remains 'non-disruptive' and fuel inflation has predictably eased off

Jaitley to inaugurate Bandhan Bank in Kolkata today

Kolkata-based bank got RBI approval to start commercial banking operations last year

Rupee at sept '13 levels but external sector better

Bandhan to be reborn as a bank today

For India's leading MFI-turned bank, the challenge is to stay competitive while pricing its loans

Banks seek shareholders' nod for Rs 5,934-cr capital infusion

Govet last week had announced capital infusion in 13 PSU banks, including PNB, SBI, IDBI, Bank of Baroda and Canara

Now, a savings account for 10-year olds!

Banks however can fix limits in terms of age and amount up to which minors may be allowed to operate the deposit accounts independently

Paying utility bills at the supermarket?

This could be a possibility with retail chains and telecom companies looking to set up payment banks

PFRDA to seek clarification on regulation of pension products

At present, different bodies look into these pension schemes; insurers' pension products, for instance, are governed by IRDAI