Mumbai, Mar 9: Debt-laden wind turbine maker Suzlon today said its board has agreed to allot over 78 crore fresh shares, constituting about 32 per cent of equity, worth about Rs 1,451 crore to banks
New Delhi/Berne, Dec 16: Often accused of providing safe havens to black money from India and other countries, Switzerland has proposed a new bill to prevent its banks and other institutions from accepting "untaxed assets"
New Delhi, Nov 30: Lenders to Kingfisher Airlines said they are yet to hear from the grounded airline even as the deadline set by the bankers to bring in fresh equity of $1 billion ended
Mumbai, Apr 17: Concerned over spurt in gold imports, RBI today asked banks to reduce exposure to NBFCs giving loan against the precious metal and has set up a working group to suggest ways to
New Delhi, April 2 : Banks are offering reduced home loan rates only for new borrowers, and this is not being applied in the cases of existing borrowers. On Sunday, Canara Bank slashed home loan
New Delhi, Mar 31: In a big boost to its precarious financial position, Air India's Financial Restructuring Plan (FRP) has been approved by a consortium of banks, which may enable the ailing carrier save several
Mumbai, Mar 12: Snapping a two-session gaining streak, the rupee today lost 13 paise to close at 49.97/98 against the US currency on fresh dollar demand from banks and importers as the greenback firmed against
New Delhi, Feb 2: The Finance Ministry is working out the financial implication of the Supreme Court judgement to cancel 122 telecom licences on the banking sector. “We have to see the implication. Officers are
Mumbai, Nov 15: Battling a crisis of survival, Kingfisher Airlines Chairman Vijay Mallya today sought help from banks to raise short-term funds to the tune of Rs 700-800 crore as working capital and interest concession
Mumbai, Oct 25: Borrowers wanting to prepay home loans can look forward to some relief as RBI today indicated that it would scrap prepayment penalties charged by banks.“It is proposed to implement the recommendations of
New Delhi, Sept 7: Cautioning that the economy is passing through turbulent times, Finance Minister Pranab Mukherjee today asked banks to maintain a strict vigil on the quality of their loan portfolio.“The commitment to moderate
Mumbai, Jul 7: Despite concerns expressed about the slowdown in demand for credit in a high interest rates scenario, Chairman of Indian Banks Association M D Mallya has said the industry will meet the targeted
Mumbai, June 29 : The 25 paise coin, which has been fading out of the pocket change in the recent years because of low acceptability, will finally become history from tomorrow. The coin, along with
Mumbai, Jun 6: The Reserve Bank of India (RBI) expects the new marginal standing facility (MSF) to be tested during the tight liquidity period next week, when banks and corporates pay their quarterly advance tax."Every
New Delhi/Mumbai, Nov 25: In the wake of a massive housing finance racket involving public sector banks and financial institutions, Finance Minister Pranab Mukherjee today asked them to look into their exposures to companies involved
Mumbai : On the heels of the provident fund board hiking interest rates by a percentage point to 9.5 per cent, the RBI on Thursday (Sept 16) signalled to banks to raise fixed deposit rates
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