India Financial Services


'India Financial Services' - 1000 News Result(s)

  • Bank Accounts Not Inoperative if Dividend Cheque Credited in 2 Years: RBI

    Bank Accounts Not Inoperative if Dividend Cheque Credited in 2 Years: RBI

    The Reserve Bank of India (RBI) on Monday said a bank account will not become inoperative if a dividend cheque has been credited in it in the previous two years.

  • RBI Gives 30 Days to Banks on Loan Disbursal Timelines

    RBI Gives 30 Days to Banks on Loan Disbursal Timelines

    The Reserve Bank of India (RBI) has asked lenders to give specific timelines on loan disbursal to ensure faster implementation of projects, while asking banks to maintain a monitoring mechanism to check any delays.

  • Nippon Launches India Funds, to Partner Reliance Group for Bank

    Nippon Launches India Funds, to Partner Reliance Group for Bank

    As Prime Minister Narendra Modi sought greater investments from Japan, financial sector giant Nippon Life said on Monday that it will partner Anil Ambani-led Reliance Group for a proposed 'Reliance Bank' and launched two India-focussed funds for Japa...

  • Credit Growth Slows to 12.6 Per Cent in July

    Credit Growth Slows to 12.6 Per Cent in July

    Banks' non-food credit rose 12.6 per cent year-on-year in July to Rs 56,17,500 crore from Rs 49,89,400 crore in the year-ago period.

  • Dish TV Offers 10 Per Cent Discount, Betting Big on 'Jan Dhan Yojana'

    Dish TV Offers 10 Per Cent Discount, Betting Big on 'Jan Dhan Yojana'

    Aimed at promoting government's ambitious financial inclusion scheme 'Pradhan Mantri Jan Dhan Yojana', direct-to-home services provider Dish TV will offer 10 per cent discount to subscribers paying their bill through RuPay-enabled cards.

  • United Bank of India Files Caveat in Supreme Court Against Kingfisher Airlines

    United Bank of India Files Caveat in Supreme Court Against Kingfisher Airlines

    State-owned United Bank of India (UBI) has filed a caveat in the Supreme Court against Kingfisher Airlines (KFA) shortly after the judgement of the Calcutta High Court division bench was delivered on Thursday.

  • RBI Can Cut Policy Rates Even if Federal Reserve Hikes: BofA-ML

    RBI Can Cut Policy Rates Even if Federal Reserve Hikes: BofA-ML

    The Reserve Bank of India (RBI) could cut policy rates by 75-100 basis points starting early 2015 even if the Federal Reserve hikes rates next year, Bank of America Merrill-Lynch has said in a report.

  • RBI Eases Norms to Refinance External Commercial Borrowings

    RBI Eases Norms to Refinance External Commercial Borrowings

    The Reserve Bank of India (RBI) on Wednesday eased norms to refinance external commercial borrowings (ECB) and allowed banks to approve even those cases where the average maturity period (AMP) of fresh borrowings exceeds residual maturity of existing...

  • Asian Equities Receive $3 Billion in August: HSBC

    Asian Equities Receive $3 Billion in August: HSBC

    According to the global financial services major, FIIs continued to buy Asian equities in August, albeit at a slower pace than the previous month. Korea, Taiwan and India received the maximum inflows during the month, while Indonesia witnessed outflo...

  • India Post Gears Up for Banking Licence

    India Post Gears Up for Banking Licence

    The postal department has taken the first step towards this and 25,000 of its outlets are expected to be connected on the core banking platform by FY16.

  • Why PM Modi's Bank-Accounts-for-All Project is a Huge Challenge

    Why PM Modi's Bank-Accounts-for-All Project is a Huge Challenge

    In developed nations, bank branches are everywhere. But banking services in India leave out nearly half the 1.2 billion population, putting poor people at the mercy of moneylenders who charge usurious interest for emergency loans for sickness or rout...

  • RBI for Making Aadhaar Sole Platform for Financial Inclusion

    RBI for Making Aadhaar Sole Platform for Financial Inclusion

    A senior Reserve Bank of India (RBI) official on Tuesday called for resolution of issues regarding legality of Aadhaar project at the earliest, so that the unique identity number provided by it can become the sole platform for the financial inclusion...

  • RBI to Step Up Vigilance on Banking Sector to Prevent Frauds: Deputy Governor

    RBI to Step Up Vigilance on Banking Sector to Prevent Frauds: Deputy Governor

    Reserve Bank of India (RBI) Deputy Governor R Gandhi said on Tuesday that "continuous vigilance and intelligence gathering" would be the apex bank's key focus areas to prevent recurrence of frauds.

  • SBI Lowers Interest Rate on Home Loans

    SBI Lowers Interest Rate on Home Loans

    State Bank of India (SBI), the country's largest lender, on Tuesday slashed home loan rates by up to 0.15 per cent and removed the slab for advances, a development which will have bearing on mortgage rate of other lenders.

  • Don't Go for Debt Waivers: RBI to States

    Don't Go for Debt Waivers: RBI to States

    Even as Andhra Pradesh and Telangana continue with demand of farm loan waivers, Reserve Bank of India (RB) Governor Raghuram Rajan on Monday asked the states to refrain from seeking such concessions.

  • RBI Seeks Public Views on Draft Charter About Customer Rights

    RBI Seeks Public Views on Draft Charter About Customer Rights

    The Reserve Bank of India (RBI) has sought comments from the public on its 'Draft Charter on Customer Rights' related to transparency, privacy and right to grievance, among others.

  • All Companies Must Apply Two-Step Payments for Credit Cards: RBI

    All Companies Must Apply Two-Step Payments for Credit Cards: RBI

    The Reserve Bank of India (RBI) said that all transactions involving domestic credit cards must follow rules requiring additional verification, a stance that could impact companies such as Uber Technologies Inc that provide more simple app-based purc...

  • Banks' Single Group Exposure Cap High, Review in 2014-15: RBI

    Banks' Single Group Exposure Cap High, Review in 2014-15: RBI

    Hinting at tightening of banks' single group exposure cap from the current 40 per cent, the Reserve Bank of India (RBI) on Thursday said it will be reviewing this credit limit to gradually align it with the global group exposure practices and mitigat...

  • LIC Ties Up With Five Insurance Repositories

    LIC Ties Up With Five Insurance Repositories

    Life Insurance Corporation (LIC), India's largest life insurer, has tied up with all the five insurance repositories to enable its policyholders to manage their policies through a single account.

  • In Talks With Government to Amend Law to Regulate Shadow Banking: RBI Deputy Governor

    In Talks With Government to Amend Law to Regulate Shadow Banking: RBI Deputy Governor

    Reserve Bank of India (RBI) Deputy Governor R Gandhi on Thursday said the apex bank was in talks with the government to amend a law to regulate entities engaged in shadow banking.

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