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Banks' single group exposure cap high; review in 2014-15: RBI

Banks' single group exposure cap high; review in 2014-15: RBI

Last Updated: Thursday, August 21, 2014, 22:28

Hinting at tightening banks' single group exposure cap from current 40 percent, RBI Thursday said it will be reviewing this credit limit to gradually align it with the global group exposure practices and mitigate risks.

Axis Bank to raise Rs 6,000 cr from bonds

Axis Bank to raise Rs 6,000 cr from bonds

Last Updated: Thursday, August 21, 2014, 22:18

Private sector player Axis Bank Thursday said it proposes to raise Rs 6,000 crore from bonds to fund its business growth.

Eurozone economy holds onto timid recovery: Survey

Eurozone economy holds onto timid recovery: Survey

Last Updated: Thursday, August 21, 2014, 21:49

A timid economic recovery in the eurozone is still holding, a closely-watched survey showed on Thursday, but at a pace that promises only negligible growth for the year.

Canara Bank expects Rs 500 cr capital from govt this fiscal

Canara Bank expects Rs 500 cr capital from govt this fiscal

Last Updated: Thursday, August 21, 2014, 19:55

State-owned Canara Bank on Thursday said it is expecting a capital infusion of Rs 500 crore from the government this fiscal.

Bank of America agrees to record $17 bn deal over mortgage fraud

Bank of America agrees to record $17 bn deal over mortgage fraud

Last Updated: Thursday, August 21, 2014, 19:06

Bank of America agreed Thursday to a record nearly USD 17 billion deal with US justice authorities to settle accusations over dodgy mortgage securities it issued ahead of the 2008 financial crisis.

FinMin says decision on FDI limit in HDFC Bank soon

FinMin says decision on FDI limit in HDFC Bank soon

Last Updated: Thursday, August 21, 2014, 18:09

The Finance Ministry on Thursday said it is looking at issues connected with HDFC Bank's proposal to raise FDI limit in it and will take a decision shortly.

Syndicate Bank bribery case: Court dismisses bail pleas of two

Syndicate Bank bribery case: Court dismisses bail pleas of two

Last Updated: Thursday, August 21, 2014, 16:19

A Delhi court on Thursday dismissed the bail pleas of Chairman-cum-Managing Director (CMD) of Prakash Industries Ltd Ved Prakash Agarwal and its Director Vipul Agarwal, who along with others were arrested in the Syndicate Bank bribery case.

Eurozone economy still in timid recovery

Eurozone economy still in timid recovery

Last Updated: Thursday, August 21, 2014, 15:44

The jobless rate in the 18-nation eurozone stands at 11.5 percent.

Govt working to tighten banking risk management: Jaitley

Govt working to tighten banking risk management: Jaitley

Last Updated: Thursday, August 21, 2014, 13:04

Concerned over instances of corruption in the PSU banks, Finance Minister Arun Jaitley on Thursday said that government is taking steps to professionalise the management and help them strengthen their risk management system.

HDFC Bank named most valuable brand in India

HDFC Bank named most valuable brand in India

Last Updated: Thursday, August 21, 2014, 09:47

Telecom major Bharti Airtel has been named second in the list while country's largest lender State Bank of India has been named third.

Syndicate bank case: Court to give order on bail pleas today

Syndicate bank case: Court to give order on bail pleas today

Last Updated: Thursday, August 21, 2014, 08:49

On August 2, CBI had arrested six accused, including Syndicate Bank CMD Sudhir Kumar Jain and Ved Prakash Agarwal in connection with the case.

RBI asks bankers to be innovative on home loans

RBI asks bankers to be innovative on home loans

Last Updated: Wednesday, August 20, 2014, 23:26

Reserve Bank Deputy Governor R Gandhi Wednesday asked lenders to be more financially innovative in designing home loan products and suggested creation of a periodic deposit-linked facility.