Rupee gains 7 paise against Dollar in early trade

The rupee recovered by seven paise to 62.86 against the dollar in early trade today at the Interbank Foreign Exchange market on selling of the US currency by exporters. Forex dealers said, besides, a higher opening in the domestic equity market supported the rupee but weakening euro and yen against ...

Repo rate hike decision supported by majority on Committee: Rajan

PSB United Bank Of India to open branches in all WB gram panchayats

The public sector United Bank of India (UBI) will open its branches at all Gram Panchayat offices in West Bengal. After inaugurating 50 new branches and 20 ATM centers of UBI, the State Chief Minister Ms. Mamata Banerjee said this at the State Secretariat on Thursday. She said there are over 32 thou...

SEBI cautions investors against MCX Biz solutions<br/>

Favour liberalization of bank licensing, but stringent entry norms must : RBI

Need to change present structure to enable growth of banking industry: RBI

RBI repo rate hike decision supported by majority on Tech Advisory Committee: Rajan<br/>

RBI: Overall growth of Indian banking sector slows for 2nd consecutive year in 2012-13

RBI today said that the overall growth of the Indian banking sector has slowed for the second consecutive year in 2012-13. A document titled &apos;Trends and progress of banking report 2012-13&apos; that was released by RBI today said that both the balance sheet and the off-balance sheet ope...

Sensex down 406 points to close above 20,000 mark

Posting its biggest single-day fall in eleven weeks, the Sensex at the Bombay Stock Exchange plunged 406 points, or 2 percent, to close at 20,229, today, as global markets fell, on fresh fears that the US Federal Reserve will begin tapering its economic stimulus earlier than expected. The Nifty at t...

World Bank President says, India expected to have good 3rd quarter

World Bank President Jim Young Kim has said India was expected to have a good third quarter. He agreed with Finance Minister P Chidambaram&apos;s observations that the country&apos;s economy is now picking up. While responding to questions on slowed growth in developing countries, Kim said t...