Page 803 - Finance News

Post office account holders can avail digital banking service from May

India Post has plans to link all 155,000 post office branches with the IPPB

Worst is behind us, bank in recovery mode: PNB MD on Nirav Modi mess

With regard to deposits, the bank has recorded a growth of 6.2%, MD said

ICICI loan case: CBI questions Chanda Kochhar's brother-in-law for 3rd day

According to the agency officials, Rajiv was asked about the role of his Singapore-based company Avista Advisory in the restructuring of loan

RBI's decision to keep policy rates unchanged is well thought-out: BS Jury

The economic growth is gaining momentum on the back of a revival in investment activity

Chanda didn't know of my tie-up with Venugopal Dhoot: Deepak Kochhar

Tie-up with Dhoot was one of my biggest mistakes, says Deepak Kochhar

RBI financial data storage circular to affect global firms the most

Despite some ambiguity around new policy, experts say card companies and payment gateway entities will take biggest hit

Don't deal with entities related to Bitcoins, RBI tells banks and NBFCs

The RBI has repeatedly cautioned users, holders and traders of virtual currencies, including bitcoins

Monetary policy review: RBI's dovish tone divides economists

Most economists see the RBI maintaining a data-dependent extended pause

RBI policy meet: Manufacturing to see pressure despite growth expectation

Manufacturers are not in a position to pass on the entire rise in input costs to customers

PSBs made Rs 3.79-trn provisioning for bad loans from Mar 2014-Jun 2017

Gross NPAs of PSBs, as on March, 2015, stood at Rs 2.67 trillion and increased to Rs 6.89 trillion as on June, 2017

Videocon loan case: On Day 2, CBI questions Rajiv Kochhar for 9 hours

Rajiv Kochhar, who appeared at the CBI office in Mumbai, was asked about various aspects of restructuring of the loan to Videocon

At Rs 16.25 mn, combined losses mounted for Kochhar firms in FY17

ICICI MD's brother-in-law is reported to have helped the bank's clients recast foreign loans

Some PSU banks can be privatised but this isn't the right time: SBI chief

According to him, it would take at least two years for the banks to be strengthened for divestment

Bank of Baroda hikes benchmark lending rate by 0.1% to 8.4% for 1-yr tenure

The revised marginal cost of funds based lending rate benchmarks are effective from April 7

ICICI Bank becomes first to enable SWIFT's cross-border payment service

The newly launched service will help all the corporates in the country

PNB fraud: Delhi HC seeks ED reply on plea by Mehul Choksi's Gitanjali Gems

Advocate Sanjay Abott, appearing for Gitanjali Gems, sought direction to quash the ED's move of seizing the firm's moveable properties

CBI questions RBI officials in connection with PNB fraud

CBI is also looking into whether the 80:20 gold scheme introduced during the UPA regime has benefitted the firms of Nirav Modi and Mehul Choksi

RBI monetary policy review: Bad loans limit banks from passing on rate cuts

Banks charge higher premiums on loans despite benefitting from a consistent regime of low-cost funding

RBI decides to use GDP instead of GVA to measure economic activity

GVA gives a picture of the state of economic activity from the producers' side or the supply side

RBI monetary policy review: IndAS implementation deferred by a year

The move will help lower provisioning burden of the banks