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Banking

Fiscal Year:

ICICI Bank set to raise US$500 million by selling dollar bonds

Mumbai: ICICI Bank, India's largest private sector bank, plans to raise around US$ 500 million by selling 10-year dollar bonds at a coupon of 4.27 per cent to investors across ...

March 14, 2016

RBI allows banks to extend non-fund based credit

Mumbai: The Reserve Bank of India (RBI) has allowed banks to extend non-fund based credit, such as Letter of Credits, Bank Guarantees and similar important financial instruments, t...

January 08, 2016

Capital boost: Finance Ministry to infuse Rs 5,000 crore into public sector banks

New Delhi: Ministry of Finance plans to inject Rs 5,000 crore (US$ 746.5 million) in eight public sector banks in order to boost their capital, which would be the last round o...

December 15, 2015

Government to set up fund for banks' stressed assets

New Delhi: The Government of India is looking to set up a special fund, as a part of National Investment and Infrastructure Fund(NIIF), to deal with stressed assets of banks. The s...

November 16, 2015

Swiss Bank group Julius Baer launches bank in India

Mumbai: Julius Baer, the Swiss private bank, has launched its first bank in India, three years after acquisition of DSP Merrill Lynch's domestic wealth management business.

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September 22, 2015

Private banks may now become fully foreign owned as FinMin, DIPP and RBI mull raising FDI limit to 100%

New Delhi: The Reserve Bank of India (RBI), the Department of Industrial Policy & Promotion (DIPP) and the finance ministry are planning to raise the Foreign Direct Investment ...

September 17, 2015

Paytm plans to start India's first payments bank

New Delhi: Paytm is targeting to launch India’s first payments bank by the end of this financial year and expects to touch Rs 10,000 crore (US$ 1.5 billion) in deposits in th...

September 14, 2015

DIPP to help banks kick-start government's Start-Up India initiative

New Delhi: The Department of Industrial Policy and Promotion (DIP...

September 11, 2015
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