IDFC Bank goes live with 'soft launch' of 23 branches
IDFC Bank goes live with 'soft launch' of 23 branches

IDFC Bank Thursday went live with a "soft launch" at 23 locations, including 15 branches in rural Madhya Pradesh, becoming the 91st scheduled commercial bank in the country.

ICICI Lombard in bancassurance tie-up with CSB

The company will able to offer general insurance solutions to the bank's customer base in Kerala, Tamil Nadu, Karnataka and Maharashtra.

Banks to remain closed on 2nd, 4th Saturdays starting September

Bringing cheers to lakhs of bank employees, the government has accepted the long-pending demand of workers to declare second and fourth Saturdays as holidays, with effect from September 1.

RBI grants in-principle approval to 11 cos for payments banks

The Reserve Bank of India (RBI) on Wednesday granted `in-principle` approval to 11 entities, including Reliance Industries, Aditya Birla Nuvo and Department of Posts, to set up non-lending payments banks as part of the financial inclusion drive.


Payments bank will bring millions unbanked into banking folds: Airtel

Bharti Airtel Wednesday said the payments bank licence will help in bringing millions of unbanked Indians into the folds of banking services.

Standard Chartered slashes dividend on profit slump

Asia-focused British bank Standard Chartered slashed dividends by 50 percent on Wednesday after profits plunged in the first half of the year, its first result under new leadership as it struggles to return to growth.

DNA: How to identify fake currency notes!

India is under a vicious circle of fake currency. Watch DNA on how to identify fake currency.

Also watch Lok Sabha Speaker Sumitra Mahajan suspends 25 Congress MPs for 5 days from Lok Sabha for their unruly behaviour.

Bank stocks gain up to 9% ahead of RBI policy

Bank stocks were in demand Monday, surging up to 9 percent, ahead of RBI's policy review meeting tomorrow and on hopes of an interest rate cut.

Federal Bank stock slumps 7% as Q1 net drops

Shares of Federal Bank slumped nearly 7 percent today after it reported 35.8 percent fall in net profit for the first quarter of 2015-16.

Rs 1.68 crore looted from private bank's van in Punjab

Four persons wearing police uniforms allegedly looted Rs 1.68 crore from a vehicle of a private bank near Nanksar village on the Ludhiana-Ferozepur national highway, about 45 km from here on Monday, police said.

Bank of Korea holds interest rate at record low

South Korea`s central bank left its benchmark interest rate unchanged at a record low of 1.5 percent Thursday, as officials monitor the economic fallout from an outbreak of the MERS virus.

Lack of new Greek proposals leaves eurozone leaders on edge

Greek Prime Minister Alexis Tsipras strode into a summit of eurozone leaders with a beaming smile Tuesday, but was met with anger when it became clear he had no written proposal on how to save his country from financial ruin.

Anti-austerity protests in Greece as bank shutdown bites

Tens of thousands of Greeks rallied on Monday to back their leftwing government`s rejection of a tough international bailout after a clash with foreign lenders pushed Greece close to financial chaos and forced a shutdown of its banking system.

Greek banks shut until July 6, ATM withdrawal limit 60 euros a day: Govt

Greek banks will remain closed until July 6 -- the day after a referendum on bailout proposals -- and ATM withdrawals will be limited to 60 euros ($65) a day in the same period, according to an official decree published early Monday.

Alexis Tsipras announces capital controls, banks closed after run on ATMs

Greek banks and the Athens stock market will be closed on Monday and capital controls will be imposed, Prime Minister Alexis Tsipras announced, pleading for calm after anxious citizens emptied ATMs in a dramatic escalation of the country`s debt crisis.

Greece to shut banks, stock exchange on Monday as crisis deepens

Greek banks and the stock exchange will be shut on Monday after creditors refused to extend the country`s bailout and savers queued to withdraw cash, taking Athens` standoff with the European Union and the International Monetary Fund to a dangerous new level.

Bank credit, deposit fall steeply in March quarter: RBI

Bank credit grew at a slower rate of 9.8 percent and deposit growth rate slowed down to 10.7 percent in the March quarter, says RBI data.

Bangladesh's unbanked poor hail 'revolutionary' service

For Rehana Akhter, rebuilding her life after losing her leg in Bangladesh's worst industrial disaster is an uphill battle, but her struggle is eased slightly by digital technology.

Job cut to have minimum impact on India: HSBC

Even though British lender HSBC Tuesday announced a mega plan to improve performance by culling up to 25,000 jobs globally, the impact of the global exercise is expected to be minimal for its operations here and some surprise benefits may also come in.