Mumbai : Key Indian equity indices recovered from their day's lows to close with marginal losses on Tuesday even as broadly negative global cues, along with disappointing services sector data and outflow of foreign funds, kept market sentiment subdued. According to...
By Rohit Vaid, Mumbai : The central bank's upcoming monetary policy review, combined with the direction of foreign fund flows are expected to drive investors' sentiments in the equity markets in the coming week. Market observers opined that other factors such as the...
Mumbai : The Reserve Bank of India (RBI) is expected to keep its key interest rate unchanged at its penultimate monetary policy review of the fiscal on Wednesday owing to higher inflation in October and a surge in oil prices, even as the reversal in the decline of GDP...
Mumbai : The Reserve Bank of India (RBI) on Wednesday cautioned some co-operative societies against the use of word "Bank" in their names. "It has come to the notice of RBI that some Co-operative Societies are using the word - Bank - in their names. This is a...
New Delhi : Former Reserve Bank of India Governor Y.V. Reddy on Saturday said the major problem of the Indian banking sector is the burden of investing 25-30 per cent of its deposits in government securities. "The real problem for the banking sector in India is that...
Chennai : The two major unions in the banking sector - All India Bank Employees' Association (AIBEA) and All India Bank Officers' Association (AIBOA) - on Friday announced sector wide strike on December 27 in support of wage revision in IDBI Bank. In a joint statement...
New Delhi : State Bank of India (SBI) will unveil the country's first integrated lifestyle and banking digital platform on Friday to be launched here by Finance Minister Arun Jaitley, according to a statement from the public sector bank. YONO, the acronym for 'You...
(Note Ban Series) By Aparajita Gupta, New Delhi : When Raghuram Rajan, former governor of the Reserve Bank of India (RBI), cautioned the government against demonetisation, saying short-term economic costs would outweigh long-term benefits, he was not trying to be...
Mumbai : In a move to improve risk management post the global financial crisis, the RBI on Thursday said it has decided that corporate borrowers having exposure of Rs 50 crore and above will have to mandatorily obtain the 20-digit Legal Entity Identifier (LEI) from...
(Note Ban Series) By Bappaditya Chatterjee and Venkatachari Jagannathan, Kolkata/Chennai : As bank customers suffered by waiting in long queues to withdraw their money from November onwards last year, another group of people -- bank employees -- endured the hardship...