SKS Microfinance shares surge nearly 9%
Shares of SKS Microfinance soared nearly 9 percent Tuesday after RBI decided to increase the maximum amount that can be loaned by financial institutions to low-income households.
Apr 07, 2015, 22:07 PM IST
Banks, financial institutions to face action under new black money law: Das
Under the new law on black money, banks and other financial institutions will also face action if they are found to have abetted stashing of illicit wealth, along with the action against the perpetrators and beneficiaries of this crime.
Mar 04, 2015, 16:31 PM IST
Barack Obama for higher share for India in IMF, other institutions
US President Barack Obama Sunday affirmed his commitment to enhancing India's 'voice and vote' in global financial institutions like IMF.
Jan 25, 2015, 21:46 PM IST
'Stakeholder sentiment in residential realty remained subdued'
Despite signs of revival in the Indian economy, the stake-holder sentiment in the residential real estate space did not improve during October-December quarter, mainly due to liquidity issues and lesser number of transactions, according to a study.
Jan 06, 2015, 20:30 PM IST
Take decisions without fear or favour: Govt to banks
The Finance Ministry communication further said that banks should take all commercial decisions "objectively, based on facts of the case".
Jan 05, 2015, 16:27 PM IST
RBI, US financial regulators sign info sharing agreement
The RBI has signed an information sharing agreement with US banking regulators for better coordination with them in supervising financial institutions.
Jan 02, 2015, 20:32 PM IST
FinMin mulls roping in private professionals for top job at PSBs
The Finance Ministry is considering a proposal to rope in professionals from the private sector for appointment of chairman and CEO-cum-managing director in state-owned financial institutions as it looks for talent from a wider pool of applicants.
Jan 02, 2015, 16:46 PM IST
Financial institutions asked to register for FATCA by Dec 31
All Indian financial institutions with exposure to the US will have to register by Wednesday with the American tax authorities to avoid a hefty penalty tax of up to 30 percent under the new Foreign Accounts Tax Compliance Act (FATCA).
Dec 30, 2014, 22:56 PM IST
Arun Jaitley to begin pre-budget consultations from Jan 6
Finance Minister Arun Jaitley will hold pre-budget consultations with different stakeholders including trade unions, financial institutions and economists beginning January 6.
Dec 16, 2014, 22:34 PM IST
Only 48% of Indian adults have access to bank account: Report
Only 48 per cent of Indian adults have bank accounts and nearly half of them lie dormant, says a report.
Dec 02, 2014, 15:06 PM IST
Assets of India's financial institutions touch $2.8 trillion
The total value of assets held by India's financial institutions touched nearly USD 2.8 trillion, the third largest among BRICS nations, in 2013, says a report.
Nov 02, 2014, 22:40 PM IST
Govt to help MSMEs access bank loans at cheaper rates: Mishra
The MSME Ministry is in talks with public sector banks to extend loans to micro, small and medium enterprises at base rate to help the sector access vast capital from financial institutions at lower costs, Union Minister Kalraj Mishra said today.
Sep 17, 2014, 15:52 PM IST
RBI relaxes norms of refinancing long term project loans
The RBI on Thursday said banks may refinance long term project loans with certain new riders including taking-over of a minimum of 25 per cent of an outstanding loan from the prior condition of 50 percent.
Aug 07, 2014, 21:09 PM IST
CIBIL to come up with Risk Index for corporate sector
CIBIL currently has 1,100 banks and financial institutions as members.
Aug 05, 2014, 18:53 PM IST
Arun Jaitley to meet heads of PSU banks today
Finance Minister Arun Jaitley will hold his first meeting with all the heads of public sector banks and financial institutions on comprehensive financial inclusion agenda Thursday.
Jul 31, 2014, 09:12 AM IST
Arun Jaitley to meet heads of PSU banks on financial inclusion tomorrow
Finance Minister Arun Jaitley will hold his first meeting with all the heads of public sector banks and financial institutions on comprehensive financial inclusion agenda Thursday.
Jul 30, 2014, 16:28 PM IST
Sebi, other watchdogs plan 'Common Reporting Standard' for financial institutions
The CRS would also prescribe the standard due diligence procedures that must be followed by all financial institutions (FIs) to identify reportable accounts.
Jun 30, 2014, 14:14 PM IST
Black money: RBI directs banks, FIs to give information to SIT
The Reserve Bank of India Monday directed all banks and financial institutions to provide information and documents sought by the Special Investigation Team (SIT) set up to unearth black money.
Jun 23, 2014, 17:21 PM IST
Bankers pitch for a National Asset Management Co
Concerned over rising bad loans, heads of banks and financial institutions today suggested creation of National Asset Management Company which could act as a nodal agency to deal with the problem.
Jun 10, 2014, 16:03 PM IST
