Employees across corporate India are expected to get a slightly lower average salary hike of 11 per cent in the current fiscal compared to 12-13 per cent last year as firms grapple with sluggish econo

Serpentine queues in most ATM locations marked the start of the two-day nationwide strike by the banking community.

Banking services were hit in the state on Wednesday with over 70,000 employees fro

There is a very slim chance of the Reserve Bank cutting interest rates in the forthcoming monetary policy meeting scheduled on July 31, HDFC Chairman Deepak Parekh on Thursday said.

"Unless the Rese

Morgan Stanley has received an in-principle approval from the RBI for a banking licence, a spokesman for the U.S. bank said on Wednesday, confirming a report in the Economic Times.

The licence would

The Department of Post plans to set up 1000 ATMs at post offices and convert them into banks for taking core banking to unbanked population using the vast postal network.

Replying to supplementaries

The Reserve Bank of India has decided to rope in a third-party consultancy firm to help it incorporate global best practices in its supervisory role and prepare the risk ratings for various banks in t

In April 2003, the Federal Reserve Bank of New York and New York state bank regulators cracked the whip on HSBC Bank USA, ordering it to do a better job of policing itself for suspicious money flows.

The state government plans to disburse social security pensions through banks to ensure hassle-free and leakage-proof delivery.

Welcoming the participation of banks in the crucial payment mechanism,

In the wake of recent bank robberies in the city, cooperation minister Sellur K. Raju on Monday announced that surveillance cameras would be installed in Tamil Nadu State Apex Cooperative Bank (TNSACB

State Bank of Travancore has effected interest rate cuts, following the recent changes in the monetary policy as announced by the Reserve Bank of India.

The interest rates on domestic deposits have b