New Delhi: State-run lender Union Bank of India has reduced interest rates on home loans for new and existing floating rate borrowers by 25-150 basis points.For home loans up to Rs 3 million, the interest ...

New Delhi: The Reserve Bank of India (RBI) has proposed to allow core investment companies (CICs) to invest up to 200% of their owned funds in overseas financial assets after registering with the central ...

According to the latest press release from the Reserve Bank of India (RBI), the country’s forex reserves decreased by $1.37 billion to $291.80 billion during the week ended May 11, 2012. The decrease in ...

I am 78-year-old pensioner undergoing haemo-dialysis twice a week for the last three years. Inspite of my timely submission of Form 15H, the State Bank of India's Naktala Branch (1510) deducted tax at ...

New Delhi, May 20: The Centre may ask the State Bank of India to issue five-year foreign currency denominated bonds targeting NRIs as a huge forex payment obligation of companies lurks round the corner.India's ...

U.S. banking reforms could not have prevented JPMorgan Chase & Co's trading losses, and those involved in the activities that went awry should be held accountable, U.S. House of Representatives Speaker ...

Shimla, May 20 (IANS) The World Bank has agreed in principle to provide additional funding of $37 million (Rs.231.25 crore) for a watershed project in Himachal Pradesh, Chief Minister Prem Kumar Dhumal ...

Patna, May 20 (IANS) Eight construction companies, including Gammon, Nagarjun and Reliance, have shown keenness to construct the proposed 40-km driveway along the banks of the Ganga river in Patna modelled ...

By David Henry REUTERS - JPMorgan Chase & Co's decision to radically change the way risk was measured in its Chief Investment Office is likely to dog the bank in the developing crisis over the big trading ...

By David Henry REUTERS - JPMorgan Chase & Co's decision to radically change the way risk was measured in its Chief Investment Office is likely to dog the bank in the developing crisis over the big trading ...

A Greek exit from the euro zone could expose the European Central Bank and the currency bloc it seeks to protect to hundreds of billions of euros in losses, landing Germany and its partners with a crippling ...

Chennai, May 19 (IANS) The country's top civil servants are subject to service/conduct/disciplinary rules, but top honchos of government-owned banks are not.In response to a query under the Right to Information ...

New Delhi: The Reserve Bank of India has allowed banks to open 'ultra small branches' in rural areas of the country from where business correspondents (BCs) can conduct operations and thereby boost confidence ...

New Delhi: The Reserve Bank of India has directed all banks to bring down their exposure ceiling to a single non-banking finance company (NBFC), offering loans against gold to the extent of 50% or more ...

New Delhi: The Reserve Bank of India (RBI) will auction '91-day Government of India Treasury Bills' for a notified amount of Rs 90 billion on May 23, 2012 using 'multiple price auction' method, it said ...

New Delhi: The Reserve Bank of India (RBI) will auction '182-day Government of India Treasury Bills' for a notified amount of Rs 50 billion on May 23, 2012 using 'multiple price auction' method, it said ...

New Delhi: The Reserve Bank of India (RBI) said it will conduct the sale of 10-year State Development Loans (SDLs) of seven state governments of India for an aggregate amount of Rs 73 billion (face value) ...

Washington, May 19 (ANI): Social networking giant Facebook narrowly avoided the embarrassment of its stock dipping below the 38 dollar a share starting price because the banks advising it stepped in to ...

The Commodity Futures Trading Commission has opened an investigation into possible wrongdoing at JPMorgan Chase & Co in connection with the bank's multi-billion-dollar trading loss, a source familiar with ...

Contify Banking presents a summary of the most important news stories that made maximum impact on Thursday from its banking, finance, insurance and economy portal. 'Like it or not' FinMin Mukherjee says ...

By David Henry REUTERS - JPMorgan Chase & Co's decision to radically change the way risk was measured in its Chief Investment Office is likely to dog the bank in the developing crisis over the big trading ...

Spanish banks' bad loans rose in March to their highest in 18 years, underscoring the problems facing the government as it drafts in independent auditors in an attempt to reassure investors it can clean ...

Fitch Ratings assigns an 'AAA' rating to Rhode Island Clean Water Finance Agency's safe drinking water state revolving fund program bonds:

South County Bank, N.A., a wholly owned subsidiary of CalWest Bancorp , is pleased to announce the addition of Rodney Banzon Consunji to our lending staff. Rodney is a seasoned Banker with over 20 years of experience.

Fitch Ratings assigns an 'AAA' rating to the following Massachusetts Water Pollution Abatement Trust Pool Program's series state revolving fund program bonds:

Fitch Ratings has placed the 'A+' ratings of the following series on bonds on Rating Watch Negative:

Barclays Bank PLC announced an investor guidance notification today regarding the iPath® Dow Jones-UBS Natural Gas Subindex Total ReturnSM Exchange Traded Notes .

Fitch Ratings has assigned a rating of 'AA' to New York City's general obligation bonds as follows:

Fitch Ratings has downgraded Leander Independent School District, Texas' unlimited tax debt to 'AA-' from 'AA'. The downgrade applies to approximately $1.3 bil

Fitch Ratings has taken various conforming rating actions on enhanced municipal bonds and tender option bonds corresponding to actions taken on their associated enhancement

Fitch Ratings maintains the 'BBB-' underlying ratings on the following Stockton Public Finance Authority, California bonds on Rating Watch Negative:

Fitch Ratings has affirmed the 'A+' rating on the following lease revenue bonds issued by Kentucky agencies for its Department of Military Affairs related to the Blue Grass Station

Patriot National Bancorp, Inc. , the parent of Patriot National Bank  , today reported it earned $546,000, or $0.01 per diluted share, in the first quarter of 2012 compared to earnings of $443,000, or $0.01 per diluted share, in the fourth quarter of 2011 and a net loss of $9.0 million, or $0.23 loss per share, in the first quarter a …

Fitch Ratings assigns an 'AA+' rating to the following Commonwealth of Massachusetts general obligation bonds:

According to Bloomberg news that cited a Fitch Ratings??? report, big banks need to raise billions to conform to capital requirements scheduled to be implemented by 2019.

Calcutta, May 18: The State Bank of India (SBI), the country's largest lender, today reported a net profit of Rs 4,050 crore for the quarter ended March 2012, up from Rs 21 crore in the same period a year ...

Calcutta, May 18: An ecstatic Pratip Chaudhuri today said the bank's share should be quoted at Rs 2,500 after the "blockbuster result"."Our earnings per share now stands at Rs 184.31 and ...

Mumbai/Calcutta, May 18: The rupee tumbled to another record low of 54.91 to the dollar early on Friday but recovered after RBI governor Subir Gokarn said the central bank would take measures to prop up ...

Fitch Ratings expects the rise in U.S. investor interest in European Community infrastructure products to be tempered by several structural and regulatory challenges. Issuers of project and infrastructure debt in the EC are facing substantially less bank financing capacity than anticipated and are seeking capital markets …

Fitch Ratings affirms the senior student loan notes at 'AAAsf' and the subordinate notes at 'BBsf' issued by SLM Student Loan Trust 2003-5. The Rating Outlook on the senior notes, which is tied to the sovereign rating of the U.S.

BRYN MAWR, Pa. -- Bryn Mawr Bank Corporation , (the "Corporation"), parent of The Bryn Mawr Trust Company (the "Bank"), today announced that it has awarded 4,908 shares of its Common ...

Fitch Ratings affirms the senior student loan notes at 'AAAsf' and subordinate notes at 'BBsf' issued by SLM Student Loan Trust 2003-2. The Rating Outlook on the senior notes, which is tied to the sovereign rating of the U.S.

Research and Markets has announced the addition of the "Wealth Management Competitor Tracker: March 2012" repo

New Delhi: State Bank of India's Chairman Pratip Chaudhuri Friday said it plans to approach global credit rating agency Moody's Investors Service to reverse the last year's downgrade on its standalone ...

Research and Markets has announced the addition of the "2012: Trends to Watch in Australian Retail Banking" re

VICTORIA, Texas -- NewFirst National Bank and the Federal Home Loan Bank of Dallas (FHLB Dallas) awarded a $19,267 Affordable Housing Program (AHP) grant to Habitat for Humanity Victoria (HFHV) to provide ...

Fitch Ratings has downgraded National Bank of Greece's, Efg Eurobank Ergasias', Alpha Bank's, Piraeus Bank's and Agricultural Bank of Greece's Long-term Issuer Default Ratings and Support Rating Floors ...

Research and Markets has announced the addition of the "Global Retail Banking Competitor Tracker - March 2012