Banks & institutions
SBI, Bank of Baroda raise term deposit rates
31 Dec 2023
Public sector lenders State Bank of India (SBI) and Bank of Baroda (BoB) have announced a hike in interest rates on fixed deposits varying from 50 to 125 basis points
RBI directs banks to stop charging penal interest
31 Dec 2023
Reserve Bank of India (RBI) has directed banks to stop charging penal interest rates on delayed loan repayments
RBC gets govt nod for $10 bn acquisition of HSBC Canada
23 Dec 2023
The Canadian government on Thursday granted approval for Royal Bank of Canada’s C$13.50 billion ($10.20 billion) acquisition of the Canadian assets of HSBC (HSBC Canada)
RBI cautions banks, NBFCs on exposure to alternative investment funds
22 Dec 2023
Reserve Bank of India (RBI) has directed all regulated entities (REs), including commercial banks, co-operative banks and all-India financial institutions
Barclays puts profit ahead of customers: review
04 Apr 2013
Bonuses return with a vengeance on Wall Street
24 Feb 2010
Pakistan secures $7.6 billion lifeline from IMF
25 Nov 2008
Pakistan has obtained a $7.6 billion lifeline from the International Monetary Fund, which will prevent the country from defaulting on debt. Pakistan's foreign-exchange reserves have shrunk 75 per cent in 12 months, to $3.45 billion.
M-banking to expand 10-fold in four years: Juniper Research
18 Apr 2008
New research predicts a 10-fold growth in mobile banking in four years, with the fastest growth coming from emerging markets