Sensex touching a new low every passing day has sent Mutual Fund investors to queue up for getting their amounts redeemed. This has added to the already troubled surroundings of the Banks. To ease out [...]
Bank of New York Mellon
In a move to counter the nervousness of investors and improving their faith in the banking segment, Authorities across Asian continents rushed up to expand guarantees on deposits of banks. The financial turmoil is crushing [...]
The mass casual leave of RBI staff on Tuesday effected the normal operations such as payments and settlements of the apex bank. The employee union has gone on a strike to regarding some pension related [...]
IDBI Bank today declared its third quarter results, and reported a net profit rise of 27 percent to Rs 223 crore as compared to Rs 176 crore achieved in the corresponding quarter of the previous [...]
A consumer court’s order to stop banks from charging more than 30% on credit card dues was overruled by the Supreme Court. The latter said that Banks can raise the interest rates till 49%. The [...]
The intensified pressure on RBS (Royal Bank of Scotland) because of the $41billion loss it had to suffer has led several international and regional banks to line up for acquiring the Edinburgh-headquartered banks Asian assets. [...]
A senior official at Finance Ministry told that this fiscal might see banks holding back their major chunk of profits to keep up with the economic loss suffered in recent past. Usually, banks from Public [...]
