It would be a pity if licences go to applicants seeking to set clones of present banks, finance minister P Chidambaram says.

FM and Rajan spoke in one voice on the need to revive economic growth but differed on the efficacy of higher interest rates in tackling inf...

P Chidambaram strongly backed bankers who find themselves under a cloud as loans increasingly turn bad amid a slowing of the economy.

He further said that there would be mistakes, but if the weight of clean actions builds up, the suspicion that pervades in the society will...

Finance Minister P Chidambaram today exuded confidence that the economy will pick up in the second half and record a growth of 5-5.5 per ce...

"No business can survive and person can take a decision if every decision is questioned as motivated or malicious," FM P Chidambaram said.

“The only way we can contain food inflation is to augment supplies, but supplies are not entirely elastic," Finance minister P Chidambaram ...

Chidambaram told the lenders to deal firmly with wilful defaulters, but handhold those who are reeling under the impact of the economic slo...

Very soon, bank account holders will be able to access their accounts, transfer funds, check balances and request cheque books by simply pu...

Finance Minister P Chidambaram expects the Indian economy to have grown 5.5 pc in the second quarter of the current financial year.

The government has committed to infuse Rs 4,000 crore in State Bank of India, said a top official of India’s largest lender on Saturday.