Even after 20 yrs of banking sector privatisation, today only 35% of Indians have formal bank accounts compared to an average of 41% in dev...

"These are interesting ideas, and we will explore them in greater detail," Rajan said, delivering the D R Gadgil Memorial Lecture.

Rajan said only after looking into all issues, will the RBI firm up views on whether to "move forward and if so, under what structures".

The Finance Ministry is not very keen on letting India Post convert itself into a bank, citing practical difficulties, even though more tha...

"The recommendations in the report, if fully implemented, would be a significant credit positive overhaul of the Indian banking system."

The head of an RBI panel on financial inclusion today clarified the committee has not recommended an increase in priority sector lending (P...

The target of having a bank account for all adults in India by 2016 is not too ambitious and can be achieved with progress made in Aadhaar ...

The report seeks to leverage universal coverage of the unique identity project and ubiquitous broadband, expected to be available by this d...

The government should form a unified financial redress agency to resolve customer grievances relating to financial products, an RBI committ...

The government should form a unified FRA to resolve customer grievances relating to financial products and services, an RBI committee said.

Panel also suggested that facility for withdrawal, payment and deposit should be set up within a 15-minutes walking distance.

A Udgata, principal chief general manager, rural planning and credit department, RBI is the member secretary of the committee.

ICICI Bank has carried out a major revamp at the senior management level, a move prompted by the decision of Nachiket Mor, the bank’s deput...

ICICI Bank is likely to witness a reshuffle of portfolios among its top management.

Country's largest private sector lender ICICI Bank today said it has constituted a Rs 100 crore loan fund for assisting companies engaged i...

Aimed at providing access to formal finance to over 600 million rural poor, ICICI Prudential on Wednesday launched Micro Systematic Investm...

Country's largest private sector bank ICICI Bank is eyeing rural India for increasing exposure in view of the huge demand for credit stemmi...