Post IPO, the dates of which are not yet announced, the stock would be listed on BSE. The IPO includes a reservation of equity shares for s...

For years, Stockholding Corporation of India (SCIL), which is owned by various financial institutions including LIC, served as the custodia...

CBI told a court that it has sought Interpol's help in seeking access to overseas bank accounts of the Mukerjeas.

HSBC Holdings Plc and UBS AG may be liable for as much as $3.2 billion of losses linked to Bernard Madoff in a dispute over the duties of f...

In troubled times, every rupee counts. Faced with shrinking fund management fees because of the comatose stock markets, mutual fund houses ...

State Bank of India said it has received Reserve Bank approval for a joint venture with Societe Generale, a large financial services group ...

Reliance Capital shares were up 5.39 per cent at Rs 1,285.50 on Wednesday, with the Employees’ Provident Fund Organisation nominating the c...

The central board of trustees (CBT) of the Employees’ Provident Fund (EPF) chose four asset management companies (AMCs) to manage fresh add...

Around 4.5 crore workers are expected to gain from the cos' asset management expertise on retirement savings. Formula for success

State Bank of India (SBI) on Thursday announced a tie-up with an arm of French bank Societe Generale Group to enter the custodial space. Th...

The police have arrested and charged an Indian-origin employee of HSBC bank in London for an attempted fraud worth nearly 70 million pounds.

The police have arrested and charged an Indian-origin employee of HSBC bank in London for an attempted fraud worth nearly 70 million pounds.

HSBC and Barclays are likely to take the inorganic route to expand their Indian footprint either through acquisition of mid-sized banks or ...

State Bank of India (SBI) is tying up with French bank Societe Generale (SocGen) for its proposed custodial services business.

Although capital is not a constraint for the bank, RBI is not keen on allowing banks 100% ownership of insurance subsidiaries. Home loan: R...

With the mutual fund (MF) industry growing at a rapid pace (40% last year), it comes as no surprise that the support structure surrounding ...

With corporates on a roll, India’s importance for global banks has grown manifold. India is now the 10th largest profit contributor for Eur...