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Fixing weak growth is highest priority: RBI MPC minutes

Mumbai, Aug. 21 -- Members of the Reserve bank of India's Monetary Policy Committee at its rate review held on 7 August have agreed that supporting growth will remain their top priority in the midst o... Read More


Compliance culture of Indian banks unsatisfactory: RBI deputy governor

Mumbai, Aug. 20 -- Reserve Bank of India deputy governor M.K. Jain on Tuesday said the compliance culture of Indian banks is unsatisfactory. Speaking on the sidelines of the banking summit organised b... Read More


Central Bank of India looking at fund raising over next 2 months

Mumbai, Aug. 20 -- Central Bank of India, managing director and chief executive officer Pallav Mohapatra on Monday said that the bank is looking to raise Rs.2,000 crore from the market over the next t... Read More


SBI chairman rules out stimulus for NBFC sector

Mumbai, Aug. 19 -- State Bank of India chairman Rajnish Kumar on Monday said the government and Reserve Bank of India are unlikely to come out with any stimulus package for the non-banking finance (NB... Read More


SHRIRAM TRANSPORT LOOKS TO RAISE $200 MILLION

New Delhi, July 26 -- Mumbai Shriram Transport Finance Co. Ltd on Thursday said it aims to raise $200 million from International Finance Corp. (IFC) to fund the purchase of commercial vehicles and len... Read More


SHRIRAM TRANSPORT LOOKS TO RAISE $200 MILLION

Mumbai, July 26 -- Shriram Transport Finance Co. Ltd on Thursday said it aims to raise $200 million from International Finance Corp. (IFC) to fund the purchase of commercial vehicles and lending to mi... Read More


MSCBA to implement cyber security programme for 400 member banks

Mumbai, July 26 -- Maharashtra State Cooperative Banks' Association (MSCBA), the industry body for cooperative banks, is looking to implement a comprehensive cyber security programme for 400 member ba... Read More


Shriram Transport to raise $200 million from IFC

Mumbai, July 25 -- Shriram Transport Finance on Thursday said it is looking to raise $200 million from the International Finance Centre (IFC) to fund purchase of commercial vehicles and for on-lending... Read More


High govt borrowing can squeeze private sector, says Viral Acharya

New Delhi, July 23 -- The outgoing Reserve Bank of India (RBI) deputy governor Viral Acharya has warned of the perils of high government borrowing and its impact on private sector investments. Acharya... Read More


HDFC Bank Q1 net profit rises 21% to Rs.5568 crore

Mumbai, July 20 -- HDFC Bank Ltd on Saturday said its first quarter net profit rose 21% on account of higher provisions and other income. The bank reported a net profit of Rs.5,568.16 crore for the t... Read More