The Chairman and Managing Director of Corporation Bank, Mr Ajai Kumar, has said that the announcement of the Reserve Bank of India (RBI) to reduce CRR by 50 basis points in its third quarter review of monetary policy for 2011-12 is a positive move.Mr ..

Reserve Bank of India on Tuesday injected Rs. 32,000 crore into the system by lowering the Cash Reserve Ratio (CRR) by half-a-percentage point but kept the short-term lending rate (repo) unchanged in view of persisting inflationary concerns.“Ba ..

The significance of RBI's credit policy announcement scheduled for Tuesday January 24 can hardly be overstated. As has been the case before every policy statement, there is a riveting interest on what the central bank will do with interest rates. ..

Bankers on Thursday pitched for changes in tax laws to incentivise fixed deposit savings in banks, suggested various steps for attracting funds for infrastructure development and sought an improvement in the country's bank credit to GDP (gross do ..

Reserve Bank of India is not expected to cut interest rates at its review on Tuesday as it remains worried about inflation, but it may cut the cash reserve ratio (CRR) for banks as a way to relieve tight liquidity, a move that would cheer markets as  ..

The Government is expected to conduct interviews later this month to fill 22 executive director positions in public sector banks.The vacancies are coming up over the next one year due to superannuation as well as creation of new ED positions in the b ..

Electronic transactions are making rapid strides, with more and more of us abandoning cheques and cash in favour of Internet banking and cards.Reserve Bank of India data for retail electronic payments show that in 2010-11, the total value of electron ..

Women may get to corner as much as 70 per cent of the entire officer/clerk jobs cadres in banks by year 2015, industry estimates suggest.This is based on the current trend in which they represent no less than 60 per of the fresh recruits, sources in  ..

 Internshala has announced the launch of a unique online contest for students, where the winners will get an opportunity to win an internship with different companies and organisations.Leading insurance firm Berkshire, National Social Entreprene ..

State-run State Bank of Hyderabad has joined the Interbank Mobile Payment Service (IMPS) network, which facilitates cellphone-based financial transactions.SBH is the 34th bank to join the IMPS network, the National Payments Corporation of India (NPCI ..

Bankers on Thursday pitched for removal of tax deducted at source (TDS) levied on interest accrued from fixed deposits, to promote savings."Bank deposit beyond three years should be treated as capital. We have asked for three years (fixed deposi ..

Corporation Bank has bagged ‘SKOCH Financial Inclusion Award 2012' for its initiatives in Belgaum and Tumkur districts of Karnataka state, according to a press release by the bank here.Mr K. Ramamurthy, General Manager, received the award f ..

 In a first, the government is expected to appoint three women chiefs of public sector banks (PSBs), helping the state-owned entities match their private sector peers.An initial list prepared by the finance ministry has identified Central Bank o ..

Bank borrowings from the Reserve Bank of India  has doubled in two weeks, testing the Reserve Bank of India's resolve not to signal a shift in monetary stance of fighting inflation by easing the cash reserve requirement.The maturity of forwa ..

Bank of India is recruiting probationary officers to fill up about 1,800 vacancies across the country.The bank has specified that candidates with a minimum of 60 per cent in their graduation and a total weighted standard score of 130 in the common wr ..

Banks have moved the Finance Ministry to ease the procedural hassles relating to tax compliance being faced by depositors belonging to the senior citizen and economically weaker categories.The lenders have made a pitch that they should be allowed to  ..

The All-India Bank Officers' Confederation (AIBOC) has made out a list of demands, which include five-day week, regulated working hours, recruitment of adequate number of workers and to take the confederation into confidence before implementing t ..

Mr Narendra Singh has been appointed Chairman and Managing Director of Bank of Maharashtra (BoM) with effect from February 1, 2012. He has been Executive Director of Corporation Bank since December 7, 2009.Mr Singh will report to the Head Office of B ..

HDFC Bank has been featured by ’Harvard Business Review’ in a list of 10 companies globally that have grown their net income by 5 per cent every year for the 10-year period ended 2009, the private lender said today.The list is based on a  ..

Bank of Baroda plans to open about 13 overseas branches in the next six months, according to a top official of the bank.“We have 87 branches now, and we plan to take the number of branches to 100 in six months,” Mr M. D. Mallya, Chairman  ..