Banking Sector

CIBC plans to offer Sunday Banking in Canada

10 Financial Institutions submitted EOI for IFCI stake

Deutsche Bank To Expand Its Indian Footstep

New Delhi: German multinational Deutsche Bank is looking to expand its footmark across major cities in India.

The bank has applied for authorization with the Reserve Bank of India for opening up five more branches in the country.

According to WTO obligations, RBI permits foreign banking institutions to open maximum of 20 branches a year.

The source said, “The bank has done exceedingly well since its re-entry into India two years back. To provide the much-needed visibility to their banking operations, it has applied for license with the RBI to open five more branches in India.”

RBI Takes Monetary Policy Measures On Inflation

Mumbai: A senior apex bank representative stated that the monetary policy steps taken by the Central Bank have kept inflation prospect down that contributed to corporate performance.

HSBC, Canara, OBC Enter Pact to form Joint Life Insurance Company

Loans Rates may remain strong in coming quarters