Banks general

Government to issue short-term instrument to meet cash shortfall

11 Aug 2009

RBS sells Pakistan operations to MCB Bank

11 Aug 2009

Royal Bank of Scotland has entered into an agreement with MCB, Pakistan's largest privately-owned bank by assets, to sell its 99.37-per cent stake in RBS Pakistan for $87.4 million

IMF asks Australia to ramp up stress tests on banks

11 Aug 2009

SBI to enter general insurance by March

10 Aug 2009

SBI cuts home loan rates yet again

08 Aug 2009

Intensifying the battle in the home loan market, State Bank of India today further cut its home loan rates to attract customers across income segments

IDBI cuts rates on deposits, car loans

08 Aug 2009

Royal Bank of Scotland posts first-half loss, sees no early upturn

08 Aug 2009

Regulators close 3 more banks in US; 2009 tally climbs to 72

08 Aug 2009

European banks agree to cap gold sales at 400 tonnes

08 Aug 2009

The European Central Bank and central banks of 18 European nations have decided to reduce gold sales to 400 tonnes a year, from 500 tonnes

Hyundai joins hands with IndusInd Bank for car loans

07 Aug 2009

ATMs run dry as bank stir continues

07 Aug 2009

India's public sector banks remained shut today as a nationwide strike by their employees demanding higher wages and pensions entered the second day, hurting volumes in the bulk cash, currency and bond markets

BoE pumps in extra £50 billion for asset purchases

07 Aug 2009

The UK central bank, yesterday decided to extend its asset purchase programme by £50 billion to £175 billion to tide over the continuing economic recession

Strike cripples bank operations, but ATMs ‘flush with money’

06 Aug 2009

Employees of Indian state-run banks, including the country's biggest lender, State Bank of India, began a two-day strike today for higher wages and pension