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Sat, Jan 31 2015. 12 50 AM

RBI sets up committee on urban cooperative banks

Panel to re-examine and recommend appropriate set of businesses, size, conversion and licensing terms for the urban cooperative banking sector
Government to infuse funds into projects stalled due to cost overruns
Fri, Jan 30 2015. 10 56 AM

Government to infuse funds into projects stalled due to cost overruns

Developers may loan more funds from NHAI required to complete stalled projects at rate lower than banks’
RBI dispenses with ‘no due certificate’
Wed, Jan 28 2015. 09 52 PM

RBI dispenses with ‘no due certificate’

Borrowers in rural and semi-urban areas are no longer required to submit ‘no due certificate’ for loans under government sponsored schemes
Arun Jaitley urges banks to step up credit disbursal
Wed, Jan 28 2015. 05 39 PM

Arun Jaitley urges banks to step up credit disbursal

In a pre-budget meeting, Jaitley points out that there is an immediate need to give impetus to credit growth
Rupee closes little changed on dollar demand from state-owned banks
Wed, Jan 28 2015. 01 17 AM

Rupee closes little changed on dollar demand from state-owned banks

The rupee closes at 61.41 per dollar, up 0.04% from its previous close of 61.44
SBI looks to raise Rs15,000 crore
Wed, Jan 28 2015. 12 27 AM

SBI looks to raise Rs15,000 crore

SBI to raise additional equity capital via a follow on public issue, rights issue, including a possible QIP issue
India turns to corner shops, mobile phones for banking revolution
Mon, Jan 26 2015. 10 21 AM

India turns to corner shops, mobile phones for banking revolution

The new rules would allow payments banks to offer services such as remittances and deposits, but not loans
Banks, unions near deal on wage hikes
Mon, Jan 26 2015. 01 02 AM

Banks, unions near deal on wage hikes

Tenth round of the negotiation process—which happens every five years—is now on; IBA has indicated that it will be closed by mid-February
Lenders move high court opposing FTIL-NSEL merger
Sat, Jan 24 2015. 01 04 AM

Lenders move high court opposing FTIL-NSEL merger

Banks given 15 days to file a detailed submission on their decision to oppose the merger
RBI allows banks to modify external commercial borrowing loan terms
Fri, Jan 23 2015. 07 59 PM

RBI allows banks to modify external commercial borrowing loan terms

Banks have been allowed to modify the draw-down and repayment schedules of ECBs, including change in average maturity period and changes in the all-in-cost

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