In what could be an indication to the policy stance of the Reserve Bank of India to be announced next week, the Deputy Governor, Dr K.C. Chakrabarty, said the apex bank is happy with the prevailing liquidity situation.He was responding to queries of  ..

With nearly half a dozen chief executives of government banks set to retire in 2012-13, the finance ministry has interviewed 11 candidates to fill up the vacancies.Chairmen and managing directors of large public sector lenders such as Bank of Baroda, ..

A Delhi consumer forum has ruled that a bank closing its customer's account without serving him notice seeking his various particulars as per the banking sector's Know-Your-Customer (KYC) norms, is liable to be held guilty of rendering defici ..

One of the largest regional rural banks of the country, Assam Gramin Vikash Bank  (AGVB) celebrated its 6{+t}{+h} anniversary on Thursday. With 82 per cent branches in the rural areas, the bank is presently operating in 25 out of 27 districts of ..

 Royal Bank of Scotland today announced 3,500 job cuts over the next three years, as part of a business reorganisation and shrinkage of its investment banking operations.RBS, a government-owned banking giant in the UK, also plans to reorganise i ..

It may not be that great a new year for Lakshmi Vilas Bank. At least that's the impression one gets after talking to the bank's Managing Director and Chief Executive, Mr P. R. Somasundaram.The first half of this fiscal, he concedes, was good. ..

More than 700 planets orbiting a star (extrasolar planets) have been discovered till date. But a planet orbiting two stars was more in the realms of science fiction till recently.Astronomers surprised everybody last September when they reported the f ..

The ocean's deepest volcanic vents, kilometres below the surface, are teeming with life forms never before seen that thrive near super-hot underwater geysers, according to a new study.Eyeless shrimps and white-tentacled anemones were photographed ..

Indian banks may report relatively weaker operating trends with the domestic slowdown and global concerns weighing on credit growth and asset quality, according to a report by Barclays Research. The net interest margins are likely to remain largely s ..

The common written examination conducted by the Institute of Banking Personnel Selection (IBPS) is an ‘eligibility' exam, Mr M. Balachandran, Director, IBPS, said. The IBPS prescribes the minimum requirements, taking into account the least  ..

GC Chaturvedi, a small-scale manufacturer of polyvinyl chloride (PVC) pipes from Jagdishpur, with the Uttar Pradesh government as a key customer, had struggled to raise his output despite strong demand, thanks to banks' reluctance to provide cred ..

The common written examination conducted by the Institute of Banking Personnel Selection (IBPS) is an 'eligibility' exam, Mr M. Balachandran, Director, IBPS, said.The IBPS prescribes minimum requirements, taking into account the least of the  ..

Here is some cheer for job-aspirants in the New Year. Banks have started filling up vacancies, and there are some 4,500 probationary officer posts right now for the taking.For the first time, the score secured by candidates in the common written exam ..

The State Bank of Bikaner & Jaipur is offering in-principle sanction of home loans in about 20 minutes through online process.“We have created an integrated back-end processing facility, online business centre, to attend to the customers on ..

Taking note of non-adherence by some banks to rules on sending confirmation of payments made through the National Electronic Funds Transfer (NEFT) system, the RBI has directed lenders to put in place a system for issue of such receipts. In a circular ..

Private sector banks in India may need to raise a few trillion rupees of capital to meet Basel III norms, Anand Sinha, a deputy governor at the Reserve Bank of India, said on Friday."I will talk about capital requirements (for state-owned banks) ..

The Reserve Bank has cancelled the licence of city-based Veershaiva Co-operative Bank, as the lender has become insolvent."In view of the fact that Veershaiva Co-operative Bank Ltd, Mumbai (Maharashtra), had ceased to be solvent... the Reserve B ..

Taking note of non-adherence by some banks to rules on sending confirmation of payments made through the National Electronic Funds Transfer (NEFT) system, the Reserve Bank of India (RBI) has directed lenders to put in place a system for issue of such ..

Taking note of non-adherence by some banks to rules on sending confirmation of payments made through the National Electronic Funds Transfer (NEFT) system, the RBI has directed lenders to put in place a system for issue of such receipts.In a circular, ..

Disallows capital for going to low-yield assets, wants details of priority lending plan this year.The Union finance ministry has asked public sector banks (PSBs) not to invest in low-yielding assets, saying capital should be used judiciously to ensur ..