With increasing number of frauds, greater number of banks is approaching external agencies with forensic skills. These agencies are classified under different categories like field investigation agencies, risk containment units and detective agencies.Banks do so to ratify their data concerning

Punjab national Bank has granted a loan of 150 crore to Kolkata-based Bandhan, one of the fastest growing micro finance institution in India. Bandhan has been given this loan to help it expand its business. The institution plans to add

Air India wants an urgent loan worth Rs. 300-400 crore from banks to meet its immediate working capital requirements such as payments of wages and operational expenses. The combined entity has been going through a difficult time in raising capital

Naina lal Kidwai, CEO of HSBC India said that the Reserve bank might not change its key policy rates in its review. TY Prabhu, chairman of the Oriental bank of Commerce supported her views. The bankers said that there was

Canara bank, IDBI bank Ltd, Union bank of India ltd, Dena bank Ltd and Oriental bank of Commerce ltd registered increase in profits for the second quarter ended September 30. The surge in profits is mainly due to the non-interest

Reserve Bank of India (RBI) is likely to discuss exit from its accommodative monetary policy in its quarterly credit policy review on October 27, 2009. It is, however, expected to maintain its key rates.Analysts say that the apex bank might

The Reserve bank of India may leave it to banks' discretion to decide if they wanted to open branches in rural and semi-urban areas in order to get a license to set up more branches in Urban and High Income

Two days before Reserve bank's Quarterly review of the monetary policy which is scheduled for Oct 27, Prime Minister Manmohan Singh expressed satisfaction with the apex bank's stance on the monetary policy and said that the bank was a competent

The Chennai Police on Friday claimed that it had arrested a Srilankan Tamil, mastermind behind a major credit card scam. The racket was involved in cloning credit cards using a skimmer, an embossing machine and other equipment.The Police arrested HariKumar

The interest rate cuts in the home loan market in India have helped in the revival of the real estate sector. Despite this, availing a home loan has become difficult for a prospective customer. This is because approval for home