With the latest notification, the Reserve Bank of India has done away with the earlier requirement whereby Civil Aviation Ministry's nod was compulsory for advance remittances
Read More
The National Payments Corporation of India (NPCI) will allow RuPay cardholders to claim personal accident insurance by using the card within 90 days of the accident
Read More
Indian banks are stable but there will be challenges ahead for state-owned banks given weak core capitalisation and slow earnings recovery, Fitch said on Thursday (26 November)
Read More
The ability to issue Masala Bonds is a positive and refreshing departure from the conventional and confining ECB framework
Read More
Concerned over "unacceptable" NPA levels, Finance Minister Arun Jaitley on Monday discussed with PSU bank chiefs the issue of wilful defaulters and said that the lenders have all the powers and autonomy to deal with them
Read More
The central bank's staff had gone on one-day leave to press for better retirement benefits and restoring the RBI's powers on monetary policy and public debt management.
Read More
RBI said on Thursday investors seeking to buy at least 5 percent in shares or convertible debt of a private sector bank in the country will first need to obtain its approval, as it seeks to tighten the criteria for ownership of lenders.
Read More
The bailout of Lloyds and its rival, Royal Bank of Scotland, caused Britain's public debt to balloon, prompted lasting public outrage at bankers, and triggered a revamp of British financial regulation
Read More
The British bank is also removing a head of global electronic trading for foreign exchange-related misconduct, the New York Department of Financial Services (NYDFS) said. The person's identity was unclea
Read More
Payworld has proposed to install cash out facilities (Chota ATM) at all the retail outlets under its coverage who show interest
Read More
