Unions at Indian banks representing about one million employees have called for a nationwide two-day strike beginning on Wednesday to protest against reform proposals that would ease mergers and allow

Union finance minister P. Chidambaram, who had given the nation a “Dream Budget” in the 1990s, is now taking swift measures to counter the economic slowdown. He will meet top public sector bank chiefs

Over 10 lakh bank employees and officers have decided to strike on August 22 and 23 against the government policy to privatise the public sector banks.

The United Forum of Bank Unions and its 10 lakh

The Reserve Bank has asked all CBS (core banking solutions) enabled banks to issue only 'payable at par' or 'multi-city' cheques to their customers to bring about more efficiency in cheque clearing.

A group of banks being investigated in an interest-rate rigging scandal are looking to pursue a group settlement with regulators rather than face a Barclays-style backlash by going it alone, people fa

Public sector bank employees will go on a two-day nation-wide strike from July 25 to protest against government's moves to grant banking licences to private business houses and closing down of rural b

Banks and institutions cannot ‘behave in an irresponsible manner’ and expect the Reserve Bank alone to ensure smooth functioning of the financial markets, RBI Deputy Governor K.C. Chakrabarty said on

Investment banks and brokerages across Asia have launched a sweeping round of job cuts as Europe's debt crisis and China's economic slowdown bite into the region's financial activity.

The bankers and

In the weeks leading up to Moody's downgrade of major global banks, corporate treasurers quietly accelerated their own reviews of where to put their bank deposits, who they trade swaps with and who th

Lenders to Hotel Leela, a 5-star chain that is more than two months behind in payments on $700 million of debt, are likely to bite the bullet and amend the loan terms rather than declare it in default