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Anand Sinha appointed RBI deputy governor The government today notified the appointment of Anand Sinha, an executive director of the Reserve Bank of India (RBI), as one of the deputy governors of the central bank. He has been given a two-year term.

RBI warns against bank transactions with Iran Perceiving a threat of money laundering and terror-financing in banking transactions with Iran, the Reserve Bank of India (RBI) has asked banks and other financial entities to be cautious in their dealings with entities and funds from the West Asian country.

Now, ICICI customers can withdraw cash at shops ICICI Bank, the countrys largest private sector lender, today launched cash withdrawal facility for customers at point of sale (PoS) terminals or merchant outlets.

RBI cautions depositors against Sahara group firms The Reserve Bank of India has warned investors against putting money in Sahara group companies deposits. In a public notice, the central bank said it had got complaints from some individuals that the Sahara group have been mobilising deposits from the public under the generic name of Sahara Pariwar and Sahara India Pariwar.

DCB third quarter profit at Rs 8.1 crore Development Credit Bank clocked a net profit of Rs 8.1 crore for the quarter-ended December, as against a loss of Rs 18 crore in the year-ago period. At Rs 166.2 crore, the total income increased by 23 per cent, as against Rs 134.7 crore in the year-ago period. For the nine months ended-December, net profit rose to Rs 10 crore, as against a loss of Rs 70.2 crore in the year-ago period.

Private banks line up to fund roads Balarami Reddy, executive director-finance of Hyderabad-based IVRCL (the engineering, procurement and construction company), is one of those lucky chief financial officers who could manage 30-40 per cent oversubscription while raising debt for his road projects.

Indian Bank eyes Rs 5 lakh cr total biz in three years Indian Bank, one of the country's leading public sector banks, is eyeing a pan-India business of Rs five lakh crore and a net profit of Rs 2500 crore in the next three years.