RBI widens scope of Banking Ombudsman
Mumbai: The Reserve Bank of India has decided to introduce the Banking Ombudsman Scheme (2002) with wider coverage and enlarged authority/ functions to the Ombudsman after a review of the Banking Ombudsman Scheme, 1995.
Back to News Review index page  
Sinha, Jalan review bank results
Mumbai: Reserve Bank of India governor Bimal Jalan said after a meeting with Finance Minister Yashwant Sinha that both the RBI and the government have been concerned with the high level of non-performing assets in the banking sector.
Back to News Review index page  
IFCI considers revival as standalone firm
New Delhi: The financial institution IFCI Ltd is mulling over a number of business model options for revival as a stand-alone institution, based on the findings of a study by McKinsey & Co.
Back to News Review index page  
HSBC to hire 100 investment banking staff in Asia
Mumbai: HSBC has said its investment banking arm would hire 100 to 150 staff in Asia in the next five years, adding more muscle to the business which already provides nearly half of the global banking giants pre-tax profits.
Back to News Review index page  
PNB increases FCNR(B) rates
Mumbai: Punjab National Bank has raised interest rates on foreign currency non-resident bank scheme for deposits in dollars, pounds sterling and euros.
Back to News Review index page  

Union Bank certain on IPO
Mumbai: Union Bank of India has decided to come out with an IPO for Rs 300 crore within three months. The pricing is likely to be in the range of Rs 5 to Rs 10 per share.
Back to News Review index page