Australia to join China-led infrastructure bank

Last Updated: Wednesday, June 24, 2015, 15:42

Australia on Wednesday announced that it will join the new China-led Asian Infrastructure Investment Bank as a founding member, contributing about 930 million dollars to the financial institution of which India will be the second-largest shareholder.

Warren Buffett denies that Berkshire Hathaway ''too big to fail''

Last Updated: Sunday, May 3, 2015, 12:07

The SIFI designation forces companies to submit to Federal Reserve oversight, and could make them adopt tighter capital and liquidity requirements that could impede growth and profitability.

Bankers ask govt to desist from measures like farm debt waiver

Last Updated: Thursday, January 15, 2015, 22:55

Bankers Thursday asked government to desist from resorting to populist measures like farm debt waivers as it affects banks' profitability.

Cabinet clears hiking stake in IFCI to 51% by infusing Rs 60 cr

Last Updated: Monday, December 29, 2014, 20:36

The government on Monday approved raising its stake in IFCI Ltd to 51 percent by infusing Rs 60 crore in the country's oldest financial institution.

`Assam govt taking action against fake financial institutions`

Last Updated: Thursday, April 4, 2013, 15:17

Asom Gana Parishad MLA Bhupen Ray raised the issue of fake companies and fly-by-night operators.

Govt recasts IFCI board; nominates 2 directors

Last Updated: Friday, January 4, 2013, 13:55

The government on Friday restructured the board of IFCI Ltd by nominating two new directors in the wake of its raising stake in the domestic financial institution (DFI) to 55.57 percent.

Govt issues guidelines for Public Financial Institution

Last Updated: Tuesday, May 29, 2012, 22:29

Any private financial institution seeking status of Public Financial Institution (PFI) must have a net worth of Rs 1,000 crore, according to the guidelines announced by the Corporate Affairs ministry on Tuesday.

Credit organisation for SHGs soon: Pranab

Last Updated: Saturday, September 3, 2011, 21:04

A credit organisation and financial institution for giving credit and subsidy to self-help groups will be launched soon, Finance Minister Pranab Mukherjee said Saturday.