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Fiscal Year:

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.


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

Jan Dhan gives fillip to government's mission of financial inclusion as more people sign up

Mumbai: Government of India’s ‘Jan Dhan’ initiative for financial inclusion is gaining momentum, as the number of bank accounts opened by July 15, 2015 has more t...

July 21, 2015

SBI ties up with Snapdeal, PayPal to boost business with new generation sellers

Kolkata: State Bank of India (SBI) plans to boost micro small and medium enterprises (MSME) businesses by financing new generation sellers using Snapdeal e-commerce portal and fa...

May 22, 2015
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