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

Jaitley pushes infrastructure financing at bankers Gyan Sangam

03 Jan 2015

M&A not the only route to more banking efficiency: govt

03 Jan 2015

Narendra Modi dedicates ICICI Digital Village to the nation

03 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

RBI extends time for applying for small and payments bank licences

02 Jan 2015

Bank mergers to top agenda at PM-led ‘Gyan Sangam’ retreat

01 Jan 2015

Public sector banks to finally get separate chairman, MD

01 Jan 2015

Banking fraud cases jump 40 per cent in two years

31 Dec 2014

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