January 30, 2015 18:30 (IST)
Bank of Baroda Executive Director Ranjan Dhawan said on Friday bad loans were difficult to contain and their growth was unlikely to slow significantly in the next two quarters.
January 30, 2015 16:56 (IST)
RBI Governor Raghuram Rajan, who is mandated to set policy independently, signalled after an unscheduled rate cut earlier this month that any further easing would depend on New Delhi's commitment to rein in spending and implement reforms.
January 30, 2015 16:25 (IST)
Bank executives insist they cannot lower loan rates despite the official rate cut because cash conditions are tight, and money markets are little changed since the cut, but RBI insiders see that as more an excuse to protect profit margins.
January 30, 2015 15:30 (IST)
In this context, he spoke about bank account portability and wondered if mobile numbers can be ported, why not bank accounts.
January 29, 2015 19:24 (IST)
State Bank of India (SBI) has settled a probe by the Securities and Exchange Board of India (Sebi) into alleged violations of debenture trustee regulations during certain public and private bond issues four-and-a-half years ago.
January 29, 2015 19:24 (IST)
As the deadline approaches for applying for niche bank licences, telecom major Bharti Airtel said on Thursday that it will apply for setting up a payment bank while SKS Microfinance will seek permit for a small finance bank.
January 28, 2015 17:02 (IST)
To ensure hassle free credit to small borrowers, the Reserve Bank of India (RBI) on Wednesday directed banks to do away with the practice of obtaining 'no due' certificates from individual loan takers.
January 26, 2015 15:01 (IST)
The clock is ticking down to a February 2 deadline for applications to set up so-called payments banks under new rules that would allow successful bidders to offer services such as remittances and deposits, but not loans.
January 25, 2015 12:52 (IST)
"That is the total rate cut I see coming ahead," said Kotak, who was here to attend the World Economic Forum (WEF) Annual Meeting.
January 24, 2015 15:23 (IST)
Announced by the Prime Minister during his Independence Day speech and launched soon after, the scheme is a national mission to bring every household under the financial radar.
January 23, 2015 21:15 (IST)
Having set a world record with fastest roll-out of its financial inclusion scheme - Jan Dhan Yojana, the government expects its ambitious power sector programme to create more such records, including by making India the world's largest destination for renewable energy.
January 23, 2015 18:59 (IST)
Ms Kochhar, who is here to attend the WEF Annual Meeting, was responding to a query on the problems of bad loans in the Indian banking sector.
January 23, 2015 02:13 (IST)
To bring in transparency, the Reserve Bank of India (RBI) on Thursday asked banks to display loan interest rates and processing fees on their websites from April 1.
January 21, 2015 22:03 (IST)
The Organization of the Petroleum Exporting Countries (OPEC) defended on Wednesday its decision not to intervene to halt the oil price collapse, shrugging off warnings by top energy firms that the cartel's policy could lead to a huge supply shortage as investments dry up.
January 21, 2015 19:12 (IST)
Bhattacharya said the new government has been looking at ways to get projects framed in a better manner.
January 21, 2015 15:34 (IST)
He said the banks and financial sector account for over 70 per cent of the issuances in the corporate bond market, which has witnessed 19 per cent growth in issuances every year since FY05.
January 21, 2015 15:19 (IST)
In a major departure from their earlier practice of luring wealthy clients in the name of 'safe havens', Swiss bankers are now pitching 'superior banking' services to their prospective clients although Indian corporate leaders do not appear much impressed.
January 20, 2015 21:52 (IST)
As many as 11.5 crore bank accounts have been opened under the 'Pradhan Mantri Jan Dhan Yojana' financial inclusion scheme, exceeding the enhanced target of 10 crore and covering 99.74 per cent of households, Finance Minister Arun Jaitley said on Tuesday.
January 19, 2015 23:15 (IST)
IFC, the private arm of World Bank, and GIC, the sovereign wealth fund of Singapore, would infuse equity in Bandhan, following which the capital base would increase from Rs 2,100 crore to Rs 3,200 crore.
January 19, 2015 22:49 (IST)
Earlier in the day, employees unions had announced that they will go on a 4-day strike from January 21 to protest against the "rigid and callous attitude" of Central Government in resolving the long pending wage revision issues.