Royal Bank of Scotland on Monday announced plans to switch 215 roles from Britain to India to cut costs, adding that it would axe a further 83 temporary British roles.

"As we work to rebuild RBS we c

State Bank of India, the country's biggest lender, will need to raise funds beyond the $1.6 billion assured by the government on Monday to meet rising demand for loans, a top bank official told Reuter

Government is mulling setting up a Rs1,000 crore Credit Risk Guarantee Fund to encourage banks to give loans to the poor, Prime Minister Manmohan Singh said on Tuesday even as he asserted that policie

Moody's changed its outlook of the Russian banking system to negative from stable due to a weak global recovery and market volatility that has helped cause a jump in investor capital flight.

The glob

Global ratings firm Moody's on Tuesday donwgraded its rating of State Bank of India's (SBI) financial strength by one notch to 'D+' on account of the lender's low Tier-I capital ratio and deterioratin

Swiss bank UBS on Sunday increased the amount it said it had lost on rogue trades to $2.3 billion and gave details of how a trader concealed his risk exposure by creating fictitious positions in its s

Liberalising the foreign exchange rules, the Reserve Bank today allowed NRIs to hold joint account with Indian residents, a move that would help increase remittances.

The central bank has also permi

Banking operations have been affected across the country today with employees of public sector and old private sector banks going on a day-long strike in protest banking sector reforms.

"About 10

Bank employees and officers unions will go on nation-wide strike on August 5 to protest against proposed banking sector reforms and wage related issues as conciliatory talks with the management has fa

It's official now - Indians hold about USD 2.5 billion (over Rs 11,000 crore) in Swiss banks, but this figure of Switzerland's central bank may be a gross understatement of the total wealth directly a