Banks general
SBI hikes benchmark lending rate by 0.2%
01 Sep 2018
India Post Payments Bank set for launch on 1 September
29 Aug 2018
The launch of IPPB will more than double the number of bank branches in the country – from the present 1.40 lakh to more than 2.90 lakh, while the number of rural branches will increase from 49,000 to more than 1.75 lakh
LIC to buy 14.9% in IDBI Bank initially as deal hits legal hurdle
29 Aug 2018
While an insurance company is not allowed to buy more than 15 per cent in another financial institution, the government has given a one-time exemption to LIC to raise its stake in IDBI Bank to 51 per cent
SBI posts Rs4,876-cr net loss in June quarter
11 Aug 2018
With fresh slippages down to Rs9,984 crore during the quarter against Rs33,670 crore in the preceding quarter, and most of the provisioning requirement for legacy NPA accounts being largely taken care of, the bank expects to post a profit in the December and March quarters
HSBC brings European operations under French unit ahead of Brexit
09 Aug 2018
HSBC, Europe’s biggest bank, has shifted ownership and operational control of its Polish and Irish subsidiaries from its London-based entity to its French unit, as Brexit looms
Government withdraws FRDI Bill in Lok Sabha
08 Aug 2018
Facebook asks US banks to share customer data; plays down privacy fears
07 Aug 2018
Facebook has had discussions with JPMorgan Chase, Wells Fargo, Citigroup and US Bancorp in the past year about sharing customers' financial data to enhance its Messenger texting platform
RBI hikes policy repo rate by 25 bps to 6.5% as inflation spikes
01 Aug 2018
The Reserve bank's Monetary Policy Committee has reiterated its commitment to achieving the medium-term target for headline inflation of 4 per cent on a durable basis even as consumer price inflation rose from 4.9 per cent in May to 5 per cent in June, driven by an uptick in fuel prices
India asks Antigua to detain Mehul Choksi
31 Jul 2018
SBI raises Fixed Deposit interest rates
31 Jul 2018
US court allows PNB to summon Nirav Modi, others over US asset sale
28 Jul 2018
A New York bankruptcy court has recognised Punjab National Bank’s claim on fugitive diamond trader Nirav Modi’s three US-based companies and allowed the bank to examine Nirav Modi, Mihir Bhansali and Rakhi Bhansali