Profile of Central Bank of India
Established in 1911, Central Bank of India was the first Indian commercial bank which was wholly owned and managed by Indians. The establishment of the Bank was the ultimate realisation…
Dealers welcome RBI’s move to deepen corporate bond markets
The Reserve Bank of India's move to allow standalone primary dealers (PDs) to obtain funding and invest more in corporate bond markets is expected to increase volumes in a priority…
Axis Bank to raise Rs 6,000 crore from qualified institutional players recently
Axis Bank is all set to raise around Rs 6,000 crore through private placement of its equity shares to qualified institutional players (QIPs).
New Experian service ensures financial organisations have accurate and up-to-date customer addresses
Experian Credit Information Company of India Private Limited, the first CICRA licensed credit bureau in India, announced  the launch of Experian Address Updateâ„¢ in India - an innovative address notification…
The Finance Ministry requests RBI for relaxing capital adequacy norms
The Finance Ministry has requested the Reserve Bank to relax capital adequacy norms for banks in line with the recommendations made earlier this month by the Basel Committee on Banking…
Controlling inflation our prime duty: RBI Governor D Subbarao
RBI Governor D Subbarao recently said that reducing inflation is his priority now and will remain so in future. With the RBI's monetary policy up for review on January 29, Subbarao's…
Urjit Patel takes charge as RBI deputy governor
Urjit Patel recently took charge as deputy governor of the Reserve Bank of India two weeks ahead of a crucial monetary policy review. Although the central bank has not announced…
RBI floats draft norms on capital needs for counterparty risk
In order to enhance risk management system of banks, the Reserve Bank of India (RBI) has proposed tweaking norms for capital adequacy with regard to their exposure in derivative instruments.
Allahabad Bank, small-businesses body sign pact
Allahabad Bank has signed a memorandum of understanding with the Chamber of Indian Micro, Small and Medium Enterprises to shore up its priority-sector lending.
RBI report on gold loans beneficial to companies
The recent observations by the Reserve Bank of India (RBI) on gold loan companies are expected to help NBFCs (non banking finance companies). RBI has recommended LTV (loan to value…