London: British finance minister Alistair Darling stated that British policymakers will take every step possible to calm down financial markets and the banking system.

The UK banking institution, Standard Chartered has decided to purchase the banking division of American Express Bank for about $1.1 billion in order to expand branch licenses in India and Taiwan an

New Delhi: The Supreme Court (SC) shall give its decision on whether or not banking institutions can charge a prepayment fee from customers who repay loans before the completion of the tenure.

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.”