The Reserve Bank today relaxed premium payment rules for banks on some forex options by allowing the buyer of such instruments to spread the payment over the maturity of the contract.This facility will be available for cost reduction forex option str ..

At a time when the chips are down in the economy and the threat of downsizing looms in the private sector, candidates with professional qualifications are finding entry level jobs in public sector banks attractive.This is seen in the recruitment tren ..

In line with most economists and market analysts expectations, the Reserve Bank of India (RBI) in its Mid-quarter review of Monetary policy 2013-2014 decided to hold both the repo rate and cash reserve ratio at status quo.RBI said that there are upsi ..

State Bank of India (SBI) has announced the results of the written examination for recruitment of probationary officers.As per the notification available on its portal today, qualified candidates must download the interview call letters and biodata f ..

Bank unions want ‘adequate increase in salary’ as part of their demands to the management of all banks, represented by the Indian Banks Association (IBA). The 10th bipartite talks between bank unions and IBA are on currently to decide the ..

Huge costs, particularly relating to employee benefits and provisioning for non-performing assets, might delay the merger of the five associate banks with State Bank of India, sources said.According to S. Vishvanathan, Managing Director of SBI Associ ..

Describing the continuing economic gloom, as reflected in the IIP data, as worrisome, State Bank of India Chairman Pratip Chaudhuri today said it is time policy makers “wake up” to take urgent corrective steps.The chairman of the nation&r ..

China today successfully launched its fifth and longest manned space mission with three astronauts, including a woman, on board ‘Shenzhou-10’ as part of the Communist giant’s efforts to build a permanent space lab of its own by 2020 ..

World number one Serena Williams squared the circle at the French Open on Saturday as she won her second Roland Garros women’s trophy 11 years after her first.The top seed beat defending champion Maria Sharapova 6-4, 6-4, taking one and three-q ..

State Bank of India (SBI) today said the proposed merger of its five associate banks with itself could start by September after a high-powered committee submits its report on the same.The high-powered committee headed by SBI Managing Director, S Vish ..

T.M. Bhasin, Chairman and Managing Director of Indian Bank, has been re-elected as Deputy Chairman of Indian Banks’ Association (IBA) for 2013-14 by the IBA managing committee.The decision was taken at IBA’s 66th annual general meeting.Bh ..

Indian cricket captain Mahendra Singh Dhoni, with earnings of $31.5 million, has been ranked at 16th place on Forbes’ list of 100 highest-paid athletes, which has been topped by iconic golfer Tiger Woods.The magazine said 31-year-old Dhoni move ..

The RBI Governor D. Subbarao’s remark on Wednesday that non-banking financial companies (NBFCs) will be eventually kept out of deposit-taking has caused apprehension in the NBFC sector.V.P. Nandakumar, executive chairman of Manappuram Finance L ..

V Vishnu Prasanna celebrated his new Grandmaster status by outwitting seasoned GM Boris Chatalbashev of Bulgaria to stay in joint lead after the end of the fourth round of Grand Europe Albena chess tournament here.Winning his fourth game of the trot, ..

The Reserve Bank of India will likely issue the final guidelines on subsidiarisation of foreign banks in the next few months after some legal issues are sorted out.The RBI Governor, D. Subbarao, said, “We have yet to resolve a few legal issues  ..

State Bank of India today said it will have less than 1 per cent impact on its pre-tax balance sheet or around Rs 200 crore annually due to the revised norms on NPAs and restructuring by the RBI.“Total impact will be around Rs 200 crore a year  ..

The launch of the Polar Satellite Launch Vehicle (PSLV-C22) flight has been delayed by a fortnight due to an anomaly.The Indian Regional Navigation Satellite System-1A was slated to be launched on board home-grown rocket PSLV-C22 on June 12 at 01:01  ..

The Reserve Bank of India (RBI), on Monday, said that it had decided to extend the validity period of the in-principle approval for setting up of the Non-Operative Financial Holding Company (NOFHC) from one year to 18 months.“It is expected tha ..

To make all-women bank a reality by October, the Finance Ministry has approached the Reserve Bank for clearance to set up the country’s first such bank.“The committee set up to prepare the blueprint for all-women bank has submitted its re ..

Bank of India (BoI) doesn’t see its provisioning requirement substantially going up due to RBI’s revised norms on restructured and non-performing assets (NPAs), a top official of the public lender has said.“As a bank, we don’t ..