Beijing, (IANS) : China's central bank on Tuesday pumped 80 billion yuan ($11 billion) into the money market via seven-day and 14-day reverse repos, after draining 174.5 billion yuan on Monday. The reverse repos is a process by which central banks purchase securities...
New Delhi, (IANS) : Attacking the BJP-led Central government over loan waivers for corporates, CPI-M General Secretary Sitaram Yechury on Saturday said the unpaid loans owed by private companies to the nationalised banks was a scam "10 times bigger" than the 2G...
New Delhi, (IANS) : The Union Cabinet here on Thursday approved the signing of a Memorandum of Understanding (MoU) between New Development Bank (NDB) and Export Import Bank of India (Exim Bank) for general cooperation through the BRICS Interbank Cooperation Mechanism,...
Chennai, (IANS) : It is a long weekend for the employees of the government-owned banks and general insurance companies in Tamil Nadu and other parts of the country, starting October 8. While Saturdays are holidays for government owned non-life insurance firms, the...
Mumbai, (IANS) : The Reserve Bank of India (RBI) on Tuesday retained the country's growth target at 7.6 per cent for this fiscal and predicted the retail inflation to ease to around 5 per cent, as its Monetary Policy Committee concluded its maiden, two-day meeting...
Mumbai, (IANS) : The issue of non-performing assets (NPAs), or bad loans, particularly of state-run banks, needs to be dealt with firmly, as well as with pragmatism to ensure that economic activity is not affected by drying up of credit, Reserve Bank of India Governor...
New Delhi, (IANS) : Communist Party of India-Marxist (CPI-M) General Secretary Sitaram Yechury on Tuesday urged Prime Minister Narendra Modi to name and shame the top 100 corporate loan defaulters, and to desist from the idea of merging State Banks into one entity. In...
Geneva, (IINA) : The International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank (IDB) Group, announced that the IDB had financed more than $60 billion of trade transactions to support small and medium enterprises (SMEs), Saudi...
Mumbai, (IANS) : The State Bank of India resumed banking operations in Myanmar after a gap of 53 years by inaugurating a branch in the country's largest city Yangon on Monday -- becoming the first Indian bank to do so, an official said here. SBI Chairperson Arundhati...
Mumbai, (IANS) : The newly-constituted Monetary Policy Committee (MPC) headed by the Reserve Bank of India Governor Urjit Patel to fix the apex bank's key interest rates began its first meeting here on Monday, ahead of the RBI's first bi-monthly policy review under...