Banks general
PayUMoney, RBL Bank to provide virtual wallet
20 Jan 2015
RBI soothes markets with a surprise 0.25% cut in repo rate
15 Jan 2015
The stock market greeted the announcement with a 600-point jump in the Bombay Stock Exchange sensitive index, Sensex, which inched closer to the 28,000-mark in opening trade
Banco Santander to raise €7.5 bn to boost capital
09 Jan 2015
Madrid-based Banco Santander, the euro zone’s biggest bank with a market capitalisation close to $95 billion, is set to raise nearly 10 per cent of its current market value through a share issue
StanChart to sack another 2,000; to quit equity business
08 Jan 2015
Standard Chartered Plc is closing its institutional equities business and plans to cut 2,000 more staff as group nchief executive officer Peter Sands tries to turn the UK bank around
Kingfisher’s lenders unite to file contempt case against Mallya
07 Jan 2015
A consortium of 17 lender-banks to the failed Kingfisher Airlines filed a contempt application with the Karnataka High Court against the airline, its promoter Vijay Mallya, and parent group United Breweries Holding Ltd
Bank unions defer strike after IBA offers sops
06 Jan 2015
PM urges banks to compete in creating cashless society
03 Jan 2015
People in India have a propensity to save, and if banks can divert that savings from gold to bank accounts and ensure easy access to their savings, Modi said, banks could emerge as agents of social transformation
2014: Financial inclusion opens new banking, insurance frontiers
30 Dec 2014
The one retrograde step, perhaps was the RBI move to allow banks charge customers for use of own ATMs
Tight-knit banking system could lead to total collapse, warns RBI
30 Dec 2014
RBI expects the level of banks’ bad loans to go down to 4 per cent by March 2016 from 4.5 per cent at the end of September 2014 under its baseline scenario, but under its "severe stress" scenario that ratio could rise to around 6.3 per cent
ING Vyasa unions threaten strike against Kotak Bank merger
29 Dec 2014
KMB, which has no union, had written to all the ING Vysya Bank employees to allay concerns, but that “bypassed” the Vysya union, which fears it will lose control with the merger
Can’t cut rates with every drop in inflation: RBI chief Rajan
27 Dec 2014
Rajan, who has kept the key policy rate at 8 per cent since January, said policy rates are not decided on the basis of daily movement of prices and that he would rather wait for a stable low-price scenario
Reliance Capital to sell 2.77% stake to Sumitomo Mitsui Trust Bank
26 Dec 2014
Mitsui Group companies are simultaneously engaging the two Reliance groups in a bid to expand logistics and financial services businesses in India
Featured articles
Lighter than air, yet very, very powerful
By Kiron Kasbekar | 03 Jan 2024
In March 2013 Chinese scientists pulled off a remarkable feat. They created the world’s lightest aerogel. Tipping the scales at a mere 0.16 milligrams per cubic centimeter – that’s a sixth of the weight of air!
COP28 explained: A closer look at COP28's climate change solutions
By Aniket Gupta | 27 Dec 2023
The 28th United Nations Climate Change Conference, also known as COP28, took place from 30th November 2023, to 13th December 2023, at Expo City in Dubai, United Arab Emirates.
What is a Ponzi scheme?
By Aniket Gupta | 06 Dec 2023
Ponzi schemes have long captivated the public imagination, drawing unsuspecting investors into a web of illusion and deception.
The Rise and Rise of HDFC Bank
03 Jul 2023
HDFC, which surged ahead of global majors like HSBC Holdings Plc and Citigroup Inc and left Indian peers like State Bank of India and ICICI Bank in market capitalisation, now ranks fourth largest among the world’s most valuable banks, after JPMorgan Chase & Co, Industrial and Commercial Bank of China Ltd and Bank of America Corp
India’s Millet Revolution To Enrich Global Food Basket
02 Apr 2023
Millets, a healthier and cheaper substitute to wheat and rice, are indigenous to many parts of the world, especially in the semiarid tropics of Asia and Africa, and offers a big scope for expanding production and consumption in the foodgrain deficient African continent
Market predator Hindenburg preys on Adani stock
06 Mar 2023
Almost a month after the damning report of short-seller Hindenburg Research on the Adani Group that claimed that the seven stocks within the group were about 85 per cent overvalued, one of the group's stocks, Adani Total Gas, closed at Rs835 on the BSE, down nearly 79 per cent from its 24 January level, almost close to reaching that valuation
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