The Reserve Bank on Friday asked banks to ensure their ATMs are grouted to a wall, pillar, or floor by September-end, except those installed in high secured premises such as airports, to enhance security of the cash vending machines.
Corporation Bank on Friday said it has reduced the marginal cost of funds based lending rate (MCLR) for a one-year tenor loan by 5 basis points to 8.85 per cent.
The Reserve Bank of India said Thursday said it will infuse Rs 12,500 crore into the financial system through bond purchases on June 20.
As many as 57 Indian companies have found place in a list of the world's 2000 largest public company, compiled by Forbes magazine, with housing finance major HDFC Ltd finding place among the top ten consumer finance firms globally.
Rana Kapoor, the former managing director and chief executive at Yes Bank Thursday denied reports that he is attempting a comeback to the bank and said he has full confidence in his successor Ravneet Gill.
Promoters of debt-ridden mortgage lender DHFL are in talks with private equity firms and are expecting to garner USD 1 billion (about Rs 6,900 crore) by selling nearly 50 per cent of their holdings, sources said.
The beleaguered public sector Punjab National Bank (PNB) has admitted to 1,142 big and small defaulters all over India who have defaulted a stupendous Rs 25,090.3 crore.
The Bimal Jalan committee, which is looking into the size of capital reserves that the RBI should hold, will have one more meeting before finalising its report to be submitted to the apex bank by month-end.
Life Insurance Corporation of India (LIC)-owned IDBI Bank Wednesday reduced its marginal cost of funds based lending rate (MCLR) by 5-10 basis points across various tenors, with immediate effect.