FinMin permits PSUs to invest surplus cash in debt schemes of private MFs

FinMin permits PSUs to invest...

India's finance ministry has liberalised investment norms governing the...

Banks want investments in FDs up to Rs 5 lakh to be made...

​Banks are seeking a level playing field on garnering funds as they believe they are placed at a disadvantage vis-a-vis mutual funds and insurers that...

RBI could raise repo rate By 35 bps: SBI Report

Amid retail inflation showing signs of moderation, the Reserve Bank of India (RBI) may opt for a lower rate increase 35 bps in lending rates at its coming...

Carlyle and Advent gets conditional approval by the RBI to acquire 9.99% stake in Yes Bank.

Private equity investors Carlyle Group and Advent have received conditional approval from the Reserve Bank of India (RBI) to each purchase a 9.99% stake in Yes Bank.

RBI warns banks against frauds in a/cs linked to direct benefit transfer

Banks have been warned by the Reserve Bank of India (RBI) against rising incidences of fraud in accounts related to the government's direct benefit transfer (DBT) programme and instructed to increase their vigilance and implement more rigorous...

SBI cards leads HDFC Bank in incremental card issuances

SBI cards leads HDFC Bank in incremental card issuances

In terms of additional card issuances during the holiday month of October,...

Govt launches scheme to procure 4,500 MW electricity

Govt launches scheme to procure 4,500 MW electricity

The Power Ministry has launched a scheme for procurement of 4,500 MW of...

Govt clarifies no PSU norms for IDBI Bank after stake sale

Govt clarifies no PSU norms for IDBI Bank after stake sale

The government has made it clear that after its proposed stake sale, IDBI...

Do You Need Car Insurance to Drive Someone Else's Car?

Not all of us have a car. And the people who do not own a vehicle do not need to spend thousands of dollars on auto insurance policies. Yet, they need to drive a car. Borrowing someone's car works, but what about car insurance?

HDFC Bank promotes Kaizad Bharucha as Deputy MD

Kaizad Bharucha has been named as the deputy managing director, according to HDFC Bank. The bank's executive director at the moment is Bharucha. The bank also announced in an exchange filing that Bhavesh Zaveri has been named executive...

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