Commercial banks have drawn flak from the state government for inadequate lending to agriculture sector and recording low credit deposit (CD) ratios particularly in districts affected by left wing

Macquarie Group, US-based Principal Financial Group and Singapore's United Overseas Bank are among suitors that have submitted bids for ING's Asian asset management business in a deal that may be

Banks in Punjab have covered all the 1,576 unbanked villages by the end of 2011-12 financial year by opening 71 brick-and-mortar branches, 104 ultra-small branches, 1,377 through ICT-based BC model

In a bid to make insurance a significant part of the ongoing financial inclusion initiatives in rural areas, the Insurance Regulatory and Development Authority (Irda) has come up with the concept

Global rating agency Moody’s on Monday downgraded Life Insurance Corporation of India’s (LIC) foreign currency insurance financial strength rating from Baa2 to Baa3. The rating outlook

In 2011-12, Federal Bank’s net profit grew at its fastest pace in three years, despite an uncertain macroeconomic environment that led to fading credit demand and increased the risks of asset

Governor D Subbarao went ahead to reverse the Reserve Bank of India’s (RBI) policy stance in the April review, despite a majority of the external members on its monetary policy committee