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According to the Reserve Bank of India’s (RBI’s) latest data, deposit insurance covers 92% of the total number of accounts in India but only 28% of the total deposits with the banking system.Private sector lender CSB Bankrecently…

Retail investors bid for a total of 1.16 crore shares as against the 20.29 lakh shares reserved for them, impying a demand of more than 5 times.CSB BankIPO got fully subscribed on the first day of the issue backed by heavy demand from…

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(Reuters) - Louis Moore Bacon, the billionaire hedge fund manager whose macroeconomic bets on currencies, interest rates and other securities earned his Moore Capital Management LP double-digit returns over 30 years, will stop investing…

The onus of compliance of the provisions of FDI policy is on the investee entity. (PTI)The Department for Promotion of Industry and Internal Trade (DPIIT) has received complaints that e-commerce companies are offering deep discounts,…

Lenders, headed by Union Bank of India, have formed a committee to discuss a debt resolution plan.India’s surprise seizure of a troubled Indian shadow bank won’t end the woes of its lenders, faced with the risk of heavy writeoffs if…

Early in the Asian trading day, MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.12%. (Reuters photo)Asian equities rose on Friday, bouncing from a three-week low touched a day earlier, but gains were capped by…

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(Reuters) - U.S. equity funds saw $3.6 billion in outflows in the week ended on Wednesday, according to data released on Thursday by Lipper. U.S. taxable bond funds attracted $12.4 billion, the 15th straight inflow, while U.S. money…

Currently DBS has 70 touchpoints in the country. (Reuters)DBS Bank has plans to increase its customer touchpoints a combination of branches and kiosks across 25 cities in the next 6 to 12 months, from the existing 70, a senior official…