Banking declared as public utility service for six months till 21 October; employees will not be able to go on strikes
All public sector banks, old generation private sector banks like HDFC Bank, ICICI Bank, Axis Bank and Federal Bank are members of IBA
IndusInd Bank promoted by the Hinduja group commenced operations in 1994
Customer complaints against banks surge 25% to 1.63 lakh in FY18; SBI leads among PSBs, HDFC in private sector
The major grounds of complaints received during the year was non-observance of fair practices code, ATM. credit card and debit card issues
The case has been settled after payment of Rs 4.5 crore towards settlement charges, according to a Sebi order
The Wall Street Journal had reported that Facebook had asked banks to share detailed financial information.
The smartphone are available with cashback, no cost EMI options and few more offers.
Market tumble suggests music has stopped playing for mid-cap; consumer and tech stocks are safe bet for rest of year
The market internals are reflecting the change. The new 52-week lows far outnumber the highs, 64 percent of the stocks in BSE 500 are below their 200 dma and way of their highs showing that the broad market is hurting.
PNB Rs 11,000-crore fraud: Recurring scams can erode investor’s faith in banks; incident calls for stronger checks
Banking analysts and banking industry officials do not have any further details about the specifics of this particular fraud involving Punjab National Bank.
Citibank, J.P.Morgan and Bank of America bar use of credit cards for buying bitcoins, other cryptocurrencies
Reserve Bank of India (RBI), country’s banking ombudsman, has also flagged off certain risks associated with the use of virtual or crytpocurrencies
BCSBI is an independent body set up by the RBI. It's objectives are to promote good banking practises, setting minimum standards, increasing transparency, achieving higher operating standards and promoting a cordial banker-customer relationship
Citibank certainly made this Diwali a memorable experience for many – Indeed a digital Happy Diwali!
Tuesday's settlement is about 1 percent of the bank's estimated revenue for 2015, according to Thomson Reuters StarMine.
Citi said it wanted a solution that worked for women across branches in India and not just at its corporate headquarters and the idea behind monetary childcare benefit was to allow mothers "to choose their creche based on their convenience and need". The move is also aimed at boosting women participation at the leadership level.
The sources said that Citibank and SBI had jointly participated in Air India's invitation for offer to raise up to $300 million through the ECB window last month.
The 2008 global financial crisis forced the Us government to rescue failing Wall Street banks, But has the situation changed, or are some banks still too big to fail?
The placement season at business schools is witnessing a significant uptrend this year with rush of offers from domestic as well as international MNCs and average salaries rising by over 20 percent.
The Reserve Bank released performance parameters for 90 Indian and foreign banks a few days ago. Firstpost has used the same data and parameters to rank banks through a widely-accepted methodology. Here's what the numbers say.
A daylight heist took place in the capital today as two robbers on a bike opened fire at a private company's security guard and took away about Rs.1.5 crore from a cash van.
Former Citigroup chief executive Vikram Pandit-led global fund has invested Rs 540 crore in JM Financial's real estate lending subsidiary FICS.<br />
Five banks -- Citibank, HSBC, JPMorgan, RBS and UBS -- have been ordered to pay 3.3 billion dollars in penalties for manipulating currencies.