Depositors, don't worry about losing money: Bankers

Will the Financial Resolution and Deposit Insurance Bill endanger our bank deposits?Anup Roy finds out. Illustration: Uttam Ghosh/Rediff.com The proposed Financial Resolution and Deposit Insurance......

Banks can open ATMs without approval: RBI

The Reserve Bank on Tuesday allowed banks to open ATMs outside their branches without permission from the central bank. "It is proposed to allow scheduled commercial banks (SCBs) to set up offsite......

Modi uses executive order to pass coal, insurance reforms

Prime Minister Narendra Modi resorted to a rarely-used executive decree on Wednesday to implement coal and insurance reforms, displaying his resolve to revamp Asia's third-largest economy despite......

Why depositors continue to flock co-op banks

The interest offered is mostly 0.5 to 1 per cent more than what other banks offer. Moreover, customer service and long-term association spanning generations are also other reasons for the......